Willow Creek Wealth Management Inc. boosted its stake in shares of Ball Corporation (NYSE:BLL) by 100.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,430 shares of the industrial products company’s stock after buying an additional 35,248 shares during the period. Ball Corporation makes up 2.0% of Willow Creek Wealth Management Inc.’s holdings, making the stock its 6th largest position. Willow Creek Wealth Management Inc.’s holdings in Ball Corporation were worth $2,973,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in BLL. Cleararc Capital Inc. increased its stake in Ball Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares in the last quarter. Fifth Third Bancorp boosted its position in Ball Corporation by 2.1% in the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock worth $271,000 after buying an additional 75 shares in the last quarter. 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 in the last quarter. HCR Wealth Advisors boosted its position in Ball Corporation by 2.1% in the first quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock worth $344,000 after buying an additional 101 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Ball Corporation by 0.8% in the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock worth $1,055,000 after buying an additional 109 shares in the last quarter. 53.01% of the stock is owned by institutional investors and hedge funds.
Shares of Ball Corporation (NYSE:BLL) opened at 40.12 on Friday. Ball Corporation has a 12 month low of $35.65 and a 12 month high of $43.06. The stock has a market capitalization of $14.11 billion, a PE ratio of 56.91 and a beta of 0.95. The stock’s 50 day moving average is $41.64 and its 200 day moving average is $58.97.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same period in the previous year, the company posted $1.05 earnings per share. Ball Corporation’s revenue was up 40.6% on a year-over-year basis. Analysts anticipate that Ball Corporation will post $2.03 earnings per share for the current fiscal year.
The firm also recently declared 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 payout ratio is 78.43%.
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BLL has been the topic of a number of recent research reports. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 price objective on shares of Ball Corporation in a research note on Sunday, June 25th. BidaskClub raised Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Deutsche Bank AG restated 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. Zacks Investment Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Vertical Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 target price for the company. in a report on Friday, May 5th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ball Corporation has an average rating of “Hold” and an average target price of $44.05.
In other news, Director R David Hoover sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $40.22, for a total transaction of $402,200.00. Following the completion of the sale, the director now owns 183,260 shares of the company’s stock, valued at $7,370,717.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $73,097.50. Following the completion of the transaction, the chief operating officer now directly owns 11,594 shares of the company’s stock, valued at approximately $484,281.38. The disclosure for this sale can be found here. Insiders sold 108,903 shares of company stock valued at $4,499,930 in the last ninety days. 2.70% of the stock is owned by corporate 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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