Cetera Investment Advisers Buys Shares of 11,718 Ball Corporation (BLL)

Cetera Investment Advisers bought a new stake in shares of Ball Corporation (NYSE:BLL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,718 shares of the industrial products company’s stock, valued at approximately $493,000.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Ball Corporation by 104.6% in the second quarter. Vanguard Group Inc. now owns 35,339,156 shares of the industrial products company’s stock valued at $1,491,666,000 after purchasing an additional 18,062,724 shares in the last quarter. BlackRock Inc. grew its position in shares of Ball Corporation by 104.4% in the second quarter. BlackRock Inc. now owns 21,051,051 shares of the industrial products company’s stock valued at $888,566,000 after purchasing an additional 10,752,597 shares in the last quarter. FMR LLC grew its position in shares of Ball Corporation by 91.2% in the second quarter. FMR LLC now owns 18,275,730 shares of the industrial products company’s stock valued at $771,419,000 after purchasing an additional 8,716,359 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Ball Corporation by 111.7% in the second quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock valued at $630,447,000 after purchasing an additional 7,881,436 shares in the last quarter. Finally, State Street Corp grew its position in shares of Ball Corporation by 97.8% in the second quarter. State Street Corp now owns 14,936,539 shares of the industrial products company’s stock valued at $630,475,000 after purchasing an additional 7,386,379 shares in the last quarter. 86.32% of the stock is owned by institutional investors and hedge funds.

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Ball Corporation (NYSE BLL) traded down 0.615% during mid-day trading on Thursday, reaching $41.851. The company’s stock had a trading volume of 294,134 shares. Ball Corporation has a 1-year low of $35.65 and a 1-year high of $43.06. The stock has a market capitalization of $14.72 billion, a P/E ratio of 59.363 and a beta of 0.97. The stock’s 50 day moving average price is $41.12 and its 200 day moving average price is $40.42.

Ball Corporation (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The business’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 earnings per share. Analysts expect that Ball Corporation will post $2.03 EPS for the current fiscal year.

In other news, VP Scott C. Morrison sold 13,249 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $40.35, for a total value of $534,597.15. Following the sale, the vice president now owns 392,091 shares in the company, valued at approximately $15,820,871.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Lisa Ann Pauley sold 37,984 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $42.03, for a total transaction of $1,596,467.52. Following the completion of the sale, the senior vice president now owns 108,905 shares in the company, valued at approximately $4,577,277.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,601 shares of company stock worth $5,260,953. Company insiders own 2.70% of the company’s stock.

A number of research firms have recently issued reports on BLL. Zacks Investment Research upgraded Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and issued a $49.00 price target (down from $50.00) on shares of Ball Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Ball Corporation in a research report on Wednesday, October 4th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $45.00 price objective on shares of Ball Corporation in a research report on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. Ball Corporation currently has an average rating of “Hold” and a consensus price target of $44.23.

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

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