Ball Co. (BLL) Shares Bought by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Ball Co. (NYSE:BLL) by 11.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,810 shares of the industrial products company’s stock after purchasing an additional 4,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Ball were worth $2,016,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BLL. US Bancorp DE boosted its stake in shares of Ball by 153.1% during the second quarter. US Bancorp DE now owns 15,426 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 9,331 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Ball by 79.1% during the second quarter. Russell Investments Group Ltd. now owns 51,570 shares of the industrial products company’s stock valued at $2,177,000 after acquiring an additional 22,783 shares during the last quarter. Strs Ohio lifted its position in Ball by 56.2% during the second quarter. Strs Ohio now owns 27,092 shares of the industrial products company’s stock valued at $1,143,000 after acquiring an additional 9,746 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in Ball by 100.2% during the second quarter. Public Employees Retirement Association of Colorado now owns 56,702 shares of the industrial products company’s stock valued at $2,393,000 after acquiring an additional 28,376 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in Ball by 100.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,080 shares of the industrial products company’s stock valued at $468,000 after acquiring an additional 5,540 shares during the last quarter. Hedge funds and other institutional investors own 89.40% of the company’s stock.

A number of research firms recently commented on BLL. KeyCorp reissued a “hold” rating on shares of Ball in a research report on Thursday, November 2nd. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. UBS started coverage on shares of Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 target price for the company. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price target on shares of Ball in a report on Thursday, October 12th. Finally, Royal Bank Of Canada started coverage on shares of Ball in a report on Monday, October 9th. They issued an “outperform” rating and a $46.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Ball has an average rating of “Hold” and a consensus price target of $45.58.

Ball Co. (NYSE BLL) traded up $0.01 during midday trading on Thursday, hitting $40.80. 2,202,700 shares of the company’s stock were exchanged, compared to its average volume of 2,357,479. The stock has a market capitalization of $14,278.77, a PE ratio of 21.87, a P/E/G ratio of 3.80 and a beta of 0.96. Ball Co. has a fifty-two week low of $35.65 and a fifty-two week high of $43.24. The company has a current ratio of 1.04, a quick ratio of 0.66 and a debt-to-equity ratio of 1.95.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.98%. Ball’s dividend payout ratio (DPR) is presently 62.50%.

In related news, Chairman John A. Hayes sold 5,619 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $41.98, for a total transaction of $235,885.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jeff A. Knobel sold 5,218 shares of the firm’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the sale, the vice president now owns 68,138 shares in the company, valued at approximately $2,733,696.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,622 shares of company stock valued at $1,377,479. 2.70% of the stock is currently owned by corporate insiders.

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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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