Bedel Financial Consulting Inc. Buys Shares of 9,600 Ball Co. (BLL)

Bedel Financial Consulting Inc. bought a new position in Ball Co. (NYSE:BLL) during the fourth quarter, HoldingsChannel.com reports. The firm bought 9,600 shares of the industrial products company’s stock, valued at approximately $363,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Ball by 5,297.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after purchasing an additional 2,437 shares in the last quarter. Calton & Associates Inc. bought a new position in shares of Ball in the 4th quarter worth $125,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Ball by 63.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock worth $147,000 after purchasing an additional 1,500 shares in the last quarter. Dupont Capital Management Corp bought a new position in Ball during the 4th quarter valued at $164,000. Finally, Howe & Rusling Inc. bought a new position in Ball during the 3rd quarter valued at $182,000. Institutional investors own 89.65% of the company’s stock.

In other news, COO James N. Peterson sold 1,349 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total transaction of $51,329.45. Following the completion of the sale, the chief operating officer now directly owns 38,008 shares of the company’s stock, valued at approximately $1,446,204.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman John A. Hayes sold 5,519 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total value of $224,844.06. Following the sale, the chairman now directly owns 408,451 shares of the company’s stock, valued at $16,640,293.74. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,241 shares of company stock valued at $638,091. Insiders own 2.70% of the company’s stock.

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. restated an “overweight” rating and set a $48.00 price objective (up from $47.00) on shares of Ball in a research note on Thursday. KeyCorp cut Ball from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $40.81 to $36.00 in a research note on Friday, December 8th. They noted that the move was a valuation call. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. UBS Group assumed coverage on Ball in a research note on Monday, October 23rd. They set a “buy” rating and a $50.00 price objective on the stock. Finally, BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price objective on the stock in a research note on Monday, December 4th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.21.

Shares of Ball Co. (NYSE BLL) opened at $38.44 on Friday. Ball Co. has a 12-month low of $35.60 and a 12-month high of $43.24. The stock has a market capitalization of $13,460.00, a price-to-earnings ratio of 34.32, a PEG ratio of 3.01 and a beta of 0.97. 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 (NYSE:BLL) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.08. Ball had a return on equity of 18.31% and a net margin of 2.13%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.64 billion. During the same period last year, the firm posted $0.44 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. sell-side analysts predict that Ball Co. will post 1.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, February 28th. Ball’s dividend payout ratio is presently 35.71%.

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Ball Company 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 (NYSE:BLL)

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