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

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

Other institutional investors also recently modified their holdings of the company. Wedge Capital Management L L P NC increased its holdings in shares of Ball Corporation by 75.3% in the second quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock valued at $8,187,000 after purchasing an additional 83,293 shares in the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Ball Corporation by 106.4% in the second quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock valued at $6,438,000 after purchasing an additional 78,637 shares in the last quarter. Thomas White International Ltd. increased its holdings in shares of Ball Corporation by 100.0% in the second quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock valued at $1,157,000 after purchasing an additional 13,705 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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, KBC Group NV increased its holdings in shares of Ball Corporation by 100.0% in the second quarter. KBC Group NV now owns 53,272 shares of the industrial products company’s stock valued at $2,248,000 after purchasing an additional 26,636 shares in the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.

Shares of Ball Corporation (NYSE BLL) traded up 0.09% during midday trading on Friday, reaching $42.77. 1,804,766 shares of the company’s stock traded hands. The company has a 50 day moving average of $41.44 and a 200 day moving average of $40.64. The firm has a market cap of $15.05 billion, a PE ratio of 60.67 and a beta of 0.97. Ball Corporation has a 52-week low of $35.65 and a 52-week high of $43.12.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, November 30th. Ball Corporation’s payout ratio is 78.43%.

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A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 price objective (up from $44.00) on shares of Ball Corporation in a research note on Tuesday, July 18th. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Ball Corporation in a research note on Thursday, October 12th. Finally, UBS AG began coverage on shares of Ball Corporation in a research note on Monday, October 23rd. They issued a “buy” rating and a $50.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.71.

In other Ball Corporation news, Chairman John A. Hayes sold 5,619 shares of the company’s stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $41.98, for a total transaction of $235,885.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman John A. Hayes sold 5,655 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $41.19, for a total transaction of $232,929.45. Following the completion of the transaction, the chairman now owns 407,575 shares in the company, valued at approximately $16,788,014.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,617 shares of company stock worth $3,664,485. 2.70% of the stock is currently owned by company insiders.

Ball Corporation 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.

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

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