Norris Perne & French LLP MI Has $24.76 Million Stock Holdings in Ball Co. (NYSE:BLL)

Norris Perne & French LLP MI reduced its stake in Ball Co. (NYSE:BLL) by 10.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297,924 shares of the industrial products company’s stock after selling 33,782 shares during the period. Ball accounts for 2.7% of Norris Perne & French LLP MI’s portfolio, making the stock its 6th largest position. Norris Perne & French LLP MI owned approximately 0.09% of Ball worth $24,763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. First Merchants Corp raised its stake in Ball by 8,261.6% in the second quarter. First Merchants Corp now owns 4,032,288 shares of the industrial products company’s stock worth $280,204,000 after buying an additional 3,984,064 shares in the last quarter. Winslow Capital Management LLC grew its holdings in Ball by 15.6% in the second quarter. Winslow Capital Management LLC now owns 3,530,256 shares of the industrial products company’s stock worth $245,318,000 after purchasing an additional 475,256 shares during the period. Chilton Investment Co. LLC grew its holdings in Ball by 2.9% in the second quarter. Chilton Investment Co. LLC now owns 3,184,621 shares of the industrial products company’s stock worth $221,299,000 after purchasing an additional 90,037 shares during the period. California Public Employees Retirement System grew its holdings in Ball by 4.6% in the second quarter. California Public Employees Retirement System now owns 2,714,800 shares of the industrial products company’s stock worth $188,651,000 after purchasing an additional 119,171 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Ball by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,490,427 shares of the industrial products company’s stock worth $173,061,000 after purchasing an additional 12,547 shares during the period. 82.45% of the stock is owned by institutional investors.

A number of brokerages have weighed in on BLL. Robert W. Baird upped their price objective on shares of Ball from $85.00 to $100.00 and gave the stock an “outperform” rating in a report on Wednesday, October 7th. Zacks Investment Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a report on Monday, August 31st. Barclays upped their price objective on shares of Ball from $80.00 to $88.00 in a report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Ball from $78.00 to $91.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Ball from $87.00 to $91.00 and gave the stock an “overweight” rating in a report on Friday, September 18th. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $89.08.

In other news, VP Robert D. Strain sold 7,887 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $77.41, for a total transaction of $610,532.67. Following the sale, the vice president now directly owns 69,978 shares in the company, valued at approximately $5,416,996.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Nate C. Carey sold 3,046 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $76.05, for a total transaction of $231,648.30. Following the sale, the vice president now owns 13,611 shares in the company, valued at $1,035,116.55. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Shares of BLL stock opened at $91.10 on Wednesday. Ball Co. has a 12-month low of $51.26 and a 12-month high of $93.49. The company has a current ratio of 0.97, a quick ratio of 0.64 and a debt-to-equity ratio of 2.53. The firm’s 50 day moving average is $85.77 and its 200 day moving average is $74.77. The stock has a market capitalization of $29.75 billion, a P/E ratio of 82.82, a P/E/G ratio of 6.67 and a beta of 0.51.

Ball (NYSE:BLL) last issued its earnings results on Thursday, August 6th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Ball had a net margin of 3.28% and a return on equity of 29.73%. The company had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.88 billion. During the same quarter last year, the company posted $0.64 earnings per share. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. As a group, equities analysts predict that Ball Co. will post 2.78 earnings per share for the current year.

About Ball

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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