Ball Co. (BLL) Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its position in Ball Co. (NYSE:BLL) by 610.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,591 shares of the industrial products company’s stock after purchasing an additional 51,205 shares during the quarter. WINTON GROUP Ltd’s holdings in Ball were worth $2,461,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Ball by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after acquiring an additional 1,225 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Ball by 5,297.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 2,437 shares during the last quarter. Korea Investment CORP increased its stake in Ball by 385.5% in the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 2,448 shares during the last quarter. First Personal Financial Services increased its stake in Ball by 100.0% in the second quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock valued at $152,000 after acquiring an additional 1,797 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Ball by 100.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,123 shares of the industrial products company’s stock valued at $174,000 after acquiring an additional 2,061 shares during the last quarter. 89.48% of the stock is currently owned by hedge funds and other institutional investors.

In other Ball news, VP Jeff A. Knobel sold 5,218 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.12, for a total value of $209,346.16. Following the completion of the sale, the vice president now directly owns 68,138 shares in the company, valued at $2,733,696.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John A. Hayes sold 5,545 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total transaction of $220,302.85. Following the completion of the sale, the chairman now owns 412,834 shares of the company’s stock, valued at $16,401,894.82. The disclosure for this sale can be found here. Insiders sold 39,167 shares of company stock valued at $1,597,782 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

BLL has been the topic of a number of research analyst reports. Vertical Group reissued a “hold” rating and issued a $43.00 target price (up previously from $41.50) on shares of Ball in a research note on Wednesday, August 9th. Royal Bank Of Canada began coverage on Ball in a research note on Monday, October 9th. They set an “outperform” rating and a $46.00 price objective on the stock. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. BidaskClub cut Ball from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Finally, Barclays raised their price objective on Ball from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.88.

Shares of Ball Co. (BLL) opened at $39.74 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04. The firm has a market cap of $13,911.23, a PE ratio of 21.31, a PEG ratio of 3.71 and a beta of 0.97. Ball Co. has a 1-year low of $35.65 and a 1-year high of $43.24.

Ball (NYSE:BLL) last posted its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.07). The firm had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 earnings per share. research analysts predict that Ball Co. will post 1.95 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a yield of 1.01%. Ball’s dividend payout ratio (DPR) is presently 62.50%.

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About Ball

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 (NYSE:BLL)

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