Keybank National Association OH boosted its position in Ball Co. (NYSE:BLL) by 2.8% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 53,704 shares of the industrial products company’s stock after acquiring an additional 1,480 shares during the quarter. Keybank National Association OH’s holdings in Ball were worth $3,759,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. increased its position in Ball by 2.7% in the 1st quarter. BlackRock Inc. now owns 22,146,380 shares of the industrial products company’s stock valued at $1,281,389,000 after buying an additional 580,211 shares in the last quarter. Geode Capital Management LLC increased its holdings in Ball by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 4,417,275 shares of the industrial products company’s stock worth $202,755,000 after purchasing an additional 311,457 shares in the last quarter. Jackson Square Partners LLC bought a new stake in Ball during the 1st quarter worth approximately $254,594,000. Iridian Asset Management LLC CT increased its holdings in Ball by 6.4% during the 1st quarter. Iridian Asset Management LLC CT now owns 2,907,923 shares of the industrial products company’s stock worth $168,252,000 after purchasing an additional 174,158 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Ball by 24.1% during the 1st quarter. California Public Employees Retirement System now owns 2,086,472 shares of the industrial products company’s stock worth $120,723,000 after purchasing an additional 405,090 shares in the last quarter. 81.99% of the stock is owned by institutional investors and hedge funds.
In other news, COO Daniel William Fisher sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $66.14, for a total value of $330,700.00. Following the completion of the transaction, the chief operating officer now directly owns 34,045 shares of the company’s stock, valued at $2,251,736.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Scott C. Morrison sold 17,224 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $76.40, for a total value of $1,315,913.60. Following the completion of the transaction, the vice president now directly owns 442,361 shares of the company’s stock, valued at $33,796,380.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,942 shares of company stock valued at $4,034,000. 1.80% of the stock is currently owned by corporate insiders.
Ball (NYSE:BLL) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.03 billion. Ball had a net margin of 4.54% and a return on equity of 21.32%. The business’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. As a group, research analysts predict that Ball Co. will post 2.58 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, August 30th. Ball’s dividend payout ratio is presently 27.27%.
BLL has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on Ball from $71.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, August 6th. ValuEngine lowered Ball from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. KeyCorp reissued a “hold” rating on shares of Ball in a report on Friday, August 2nd. Citigroup boosted their price objective on Ball from $81.00 to $86.00 and gave the stock a “buy” rating in a report on Monday, August 5th. Finally, Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating in a report on Tuesday, May 7th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $63.46.
Ball Company Profile
Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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