Willingdon Wealth Management Boosts Holdings in Ball Corporation (BLL)

Willingdon Wealth Management raised its stake in Ball Corporation (NYSE:BLL) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,294 shares of the industrial products company’s stock after acquiring an additional 2,514 shares during the quarter. Willingdon Wealth Management’s holdings in Ball Corporation were worth $2,366,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in Ball Corporation by 100.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 1,225 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Ball Corporation by 5,297.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after buying an additional 2,437 shares during the period. American Research & Management Co. grew its position in shares of Ball Corporation by 100.0% during the 2nd quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,400 shares during the period. Korea Investment CORP grew its position in shares of Ball Corporation by 385.5% during the 2nd quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock worth $130,000 after buying an additional 2,448 shares during the period. Finally, First Personal Financial Services grew its position in shares of Ball Corporation by 100.0% during the 2nd quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,797 shares during the period. Hedge funds and other institutional investors own 88.25% of the company’s stock.

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Several equities research analysts have recently commented on BLL shares. Zacks Investment Research cut shares of Ball Corporation from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Robert W. Baird reiterated a “buy” rating and set a $45.00 price target on shares of Ball Corporation in a research report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Ball Corporation in a research report on Thursday, November 2nd. Finally, Royal Bank Of Canada started coverage on shares of Ball Corporation in a research report on Monday, October 9th. They set an “outperform” rating and a $46.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Ball Corporation has an average rating of “Hold” and a consensus price target of $44.88.

Shares of Ball Corporation (BLL) traded down $0.24 during midday trading on Tuesday, reaching $39.74. 2,251,900 shares of the company were exchanged, compared to its average volume of 2,370,214. The firm has a market capitalization of $13,890.00, a PE ratio of 21.44, a P/E/G ratio of 3.73 and a beta of 1.00. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04. Ball Corporation has a 52-week low of $35.65 and a 52-week high of $43.24.

Ball Corporation (NYSE:BLL) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.07). Ball Corporation had a net margin of 2.13% and a return on equity of 18.31%. The firm had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.91 billion. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. analysts forecast that Ball Corporation will post 1.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Thursday, November 30th. Ball Corporation’s dividend payout ratio is presently 54.05%.

In other news, Chairman John A. Hayes sold 5,695 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $41.29, for a total value of $235,146.55. Following the sale, the chairman now owns 407,973 shares of the company’s stock, valued at $16,845,205.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jeff A. Knobel sold 5,218 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $40.12, for a total transaction of $209,346.16. Following the completion of the sale, the vice president now directly owns 68,138 shares in the company, valued at approximately $2,733,696.56. The disclosure for this sale can be found here. In the last three months, insiders sold 78,408 shares of company stock worth $3,132,105. 2.70% of the stock is currently owned by insiders.

Ball Corporation Profile

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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Institutional Ownership by Quarter for Ball Corporation (NYSE:BLL)

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