Great West Life Assurance Co. Can raised its position in Ball Corporation (NYSE:BLL) by 94.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 233,272 shares of the industrial products company’s stock after buying an additional 113,574 shares during the period. Great West Life Assurance Co. Can owned about 0.07% of Ball Corporation worth $9,835,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Pinnacle Bank acquired a new position in Ball Corporation during the first quarter worth $126,000. First Personal Financial Services raised its position in shares of Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock worth $133,000 after buying an additional 262 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Ball Corporation during the first quarter worth approximately $201,000. Advisor Partners LLC purchased a new position in shares of Ball Corporation during the first quarter worth approximately $201,000. Finally, Creative Planning raised its position in shares of Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock worth $202,000 after buying an additional 86 shares in the last quarter. 46.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Ball Corporation (BLL) opened at 40.05 on Friday. The firm has a market capitalization of $14.06 billion, a price-to-earnings ratio of 56.81 and a beta of 0.95. The stock’s 50 day moving average price is $41.94 and its 200 day moving average price is $39.14. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06.
Ball Corporation (NYSE:BLL) last issued its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. The firm had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 earnings per share. Equities research analysts expect that Ball Corporation will post $2.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 78.43%.
A number of research analysts have commented on the company. TheStreet raised Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research raised Ball Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub raised Ball Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 price objective (up from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $47.00 price objective on shares of Ball Corporation in a report on Sunday, June 25th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.05.
In other news, COO Daniel William Fisher sold 1,750 shares of Ball Corporation stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total value of $73,097.50. Following the completion of the transaction, the chief operating officer now directly owns 11,594 shares in the company, valued at $484,281.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director R David Hoover sold 22,000 shares of Ball Corporation stock in a transaction on Friday, May 19th. The shares were sold at an average price of $39.75, for a total value of $874,500.00. Following the completion of the transaction, the director now owns 205,260 shares of the company’s stock, valued at $8,159,085. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,654 shares of company stock valued at $4,839,833. 2.70% of the stock is owned by company insiders.
Ball Corporation 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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