SPF Beheer BV lifted its position in shares of Ball Corporation (NYSE:BLL) by 6.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,853,243 shares of the industrial products company’s stock after buying an additional 113,323 shares during the period. Ball Corporation comprises 3.2% of SPF Beheer BV’s investment portfolio, making the stock its 14th largest position. SPF Beheer BV owned 0.53% of Ball Corporation worth $76,539,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its stake in shares of Ball Corporation by 75.3% during the second quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock valued at $8,187,000 after buying an additional 83,293 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Ball Corporation by 106.4% during the second quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock valued at $6,438,000 after buying an additional 78,637 shares during the period. Thomas White International Ltd. boosted its position in shares of Ball Corporation by 100.0% during the second quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock valued at $1,157,000 after purchasing an additional 13,705 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ball Corporation by 111.7% during the second quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock valued at $630,447,000 after purchasing an additional 7,881,436 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Ball Corporation by 100.0% during the second quarter. KBC Group NV now owns 53,272 shares of the industrial products company’s stock valued at $2,248,000 after purchasing an additional 26,636 shares in the last quarter. 88.25% of the stock is currently owned by institutional investors.
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In other Ball Corporation news, SVP Lisa Ann Pauley sold 39,241 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $39.10, for a total value of $1,534,323.10. Following the completion of the sale, the senior vice president now owns 108,905 shares in the company, valued at $4,258,185.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John A. Hayes sold 5,619 shares of the company’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $41.98, for a total value of $235,885.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 78,408 shares of company stock valued at $3,132,105. 2.70% of the stock is owned by company insiders.
Ball Corporation (NYSE:BLL) last posted its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Ball Corporation had a net margin of 2.13% and a return on equity of 18.31%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. equities research analysts anticipate that Ball Corporation will post 1.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 54.05%.
BLL has been the topic of several research reports. Zacks Investment Research lowered Ball Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Robert W. Baird restated a “buy” rating and set a $45.00 price target on shares of Ball Corporation in a research report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Ball Corporation in a report on Thursday, November 2nd. Finally, Royal Bank Of Canada began coverage on Ball Corporation in a report on Monday, October 9th. They issued an “outperform” rating and a $46.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $44.88.
About Ball Corporation
Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.
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