Ball Corporation (BLL) Stake Raised by Cwm LLC

CWM LLC boosted its stake in shares of Ball Corporation (NYSE:BLL) by 82.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,151 shares of the industrial products company’s stock after buying an additional 50,158 shares during the period. CWM LLC’s holdings in Ball Corporation were worth $4,692,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bank bought a new position in Ball Corporation during the first quarter worth $126,000. First Personal Financial Services boosted its position in 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 during the period. Baird Financial Group Inc. bought a new position in Ball Corporation during the first quarter worth $201,000. Advisor Partners LLC bought a new position in Ball Corporation during the first quarter worth $201,000. Finally, Creative Planning boosted its position in 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 during the period. 46.59% of the stock is currently owned by institutional investors.

Shares of Ball Corporation (BLL) opened at 40.16 on Friday. The firm has a 50-day moving average of $41.90 and a 200 day moving average of $60.26. Ball Corporation has a 12 month low of $35.65 and a 12 month high of $43.06. The firm has a market cap of $14.10 billion, a P/E ratio of 56.96 and a beta of 0.95.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $1.05 earnings per share. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ball Corporation will post $2.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 1.00%. Ball Corporation’s dividend payout ratio (DPR) is currently 78.43%.

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A number of brokerages recently commented on BLL. Barclays PLC increased their price objective on shares of Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Jefferies Group LLC reissued a “buy” rating and issued a $49.00 price objective (down from $50.00) on shares of Ball Corporation in a research note on Wednesday. Vertical Group reissued a “hold” rating and issued a $43.00 price objective (up from $41.50) on shares of Ball Corporation in a research note on Wednesday. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Vertical Research cut shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price objective on the stock. in a research note on Friday, May 5th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.05.

In other Ball Corporation news, Chairman John A. Hayes sold 5,655 shares of Ball Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $41.19, for a total value of $232,929.45. Following the transaction, the chairman now directly owns 407,575 shares of the company’s stock, valued at approximately $16,788,014.25. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman John A. Hayes sold 5,622 shares of Ball Corporation stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $41.10, for a total value of $231,064.20. Following the completion of the transaction, the chairman now directly owns 412,623 shares in the company, valued at $16,958,805.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 117,654 shares of company stock valued at $4,839,833. Corporate insiders own 2.70% of the company’s stock.

About Ball Corporation

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.

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

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