CIBC Asset Management Inc grew its position in shares of Ball Co. (NYSE:BLL) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,806 shares of the industrial products company’s stock after purchasing an additional 3,094 shares during the quarter. CIBC Asset Management Inc’s holdings in Ball were worth $1,355,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Ball by 100.0% during the 2nd 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 purchasing an additional 1,225 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Ball by 5,297.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after buying an additional 2,437 shares during the last quarter. American Research & Management Co. boosted its holdings in shares of Ball by 100.0% in the 2nd quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock worth $118,000 after buying an additional 1,400 shares during the last quarter. Korea Investment CORP boosted its holdings in shares of Ball by 385.5% in the 2nd quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock worth $130,000 after buying an additional 2,448 shares during the last quarter. Finally, First Personal Financial Services raised its stake in Ball by 100.0% in the 2nd 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 period. Hedge funds and other institutional investors own 89.40% of the company’s stock.
In related news, Chairman John A. Hayes sold 5,619 shares of the firm’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $41.98, for a total value of $235,885.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jeff A. Knobel sold 5,218 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was 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 of the company’s stock, valued at approximately $2,733,696.56. The disclosure for this sale can be found here. Insiders sold 39,167 shares of company stock valued at $1,597,782 in the last ninety days. 2.70% of the stock is currently owned by insiders.
BLL has been the topic of several analyst reports. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BidaskClub lowered Ball from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 target price on shares of Ball in a research note on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research note on Thursday, November 2nd. Finally, Royal Bank Of Canada began coverage on Ball in a research note on Monday, October 9th. They issued an “outperform” rating and a $46.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $44.88.
Ball Co. (NYSE:BLL) traded up $0.91 during trading hours on Monday, hitting $40.65. The stock had a trading volume of 3,346,182 shares, compared to its average volume of 2,358,824. The stock has a market capitalization of $13,911.21, a price-to-earnings ratio of 21.31, a PEG ratio of 3.71 and a beta of 0.96. Ball Co. has a 52-week low of $35.65 and a 52-week high of $43.24. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04.
Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The company had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a net margin of 2.13% and a return on equity of 18.31%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $0.48 EPS. equities research analysts forecast that Ball Co. will post 1.95 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 30th. Ball’s dividend payout ratio (DPR) is presently 62.50%.
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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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