Toronto Dominion Bank Purchases 54,071 Shares of Ball Co. (NYSE:BLL)

Toronto Dominion Bank lifted its stake in shares of Ball Co. (NYSE:BLL) by 25.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,180 shares of the industrial products company’s stock after acquiring an additional 54,071 shares during the quarter. Toronto Dominion Bank’s holdings in Ball were worth $18,835,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Next Capital Management LLC purchased a new position in Ball in the 2nd quarter worth approximately $25,000. Whittier Trust Co. raised its holdings in shares of Ball by 56.0% during the 2nd quarter. Whittier Trust Co. now owns 496 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 178 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of Ball by 663.3% during the 2nd quarter. Tortoise Investment Management LLC now owns 748 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 650 shares in the last quarter. Larson Financial Group LLC purchased a new stake in shares of Ball during the 2nd quarter worth approximately $56,000. Finally, Ibex Wealth Advisors purchased a new stake in shares of Ball during the 2nd quarter worth approximately $60,000. Institutional investors own 82.90% of the company’s stock.

BLL has been the topic of several analyst reports. ValuEngine downgraded Ball from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. UBS Group boosted their target price on Ball from $60.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Wells Fargo & Co downgraded Ball from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $68.00 to $72.00 in a research report on Monday, August 5th. Vertical Research downgraded Ball from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Finally, Morgan Stanley boosted their target price on Ball from $71.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Ball has a consensus rating of “Hold” and an average target price of $63.46.

Shares of NYSE BLL traded down $0.98 during trading hours on Friday, hitting $72.38. 94,615 shares of the company traded hands, compared to its average volume of 2,010,201. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 33.03, a price-to-earnings-growth ratio of 5.06 and a beta of 0.75. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The company’s 50 day moving average price is $76.87 and its 200 day moving average price is $65.83. Ball Co. has a 12 month low of $42.24 and a 12 month high of $81.88.

Ball (NYSE:BLL) last released its earnings results on Thursday, August 1st. The industrial products company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). The company had revenue of $3.02 billion for 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 for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. Equities analysts anticipate that Ball Co. will post 2.58 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 30th. Ball’s dividend payout ratio (DPR) is presently 27.27%.

In other Ball news, Chairman John A. Hayes sold 9,523 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $70.98, for a total value of $675,942.54. Following the transaction, the chairman now owns 437,979 shares of the company’s stock, valued at approximately $31,087,749.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman John A. Hayes sold 9,648 shares of the company’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $74.24, for a total value of $716,267.52. Following the completion of the transaction, the chairman now directly owns 438,487 shares in the company, valued at approximately $32,553,274.88. The disclosure for this sale can be found here. Insiders sold a total of 137,974 shares of company stock worth $10,688,411 in the last ninety days. 1.80% of the stock is currently owned by corporate insiders.

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

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