Rathbone Brothers plc cut its position in shares of Ball Co. (NYSE:BLL) by 2.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 49,098 shares of the industrial products company’s stock after selling 1,353 shares during the quarter. Rathbone Brothers plc’s holdings in Ball were worth $2,160,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of BLL. Adviser Investments LLC acquired a new position in shares of Ball in the 2nd quarter worth $106,000. Piedmont Investment Advisors LLC acquired a new position in shares of Ball in the 2nd quarter worth $145,000. Creative Planning acquired a new position in shares of Ball in the 2nd quarter worth $215,000. Visionary Asset Management Inc. acquired a new position in shares of Ball in the 3rd quarter worth $220,000. Finally, Cozad Asset Management Inc. acquired a new position in shares of Ball in the 2nd quarter worth $254,000. Institutional investors own 85.65% of the company’s stock.
BLL has been the topic of a number of recent research reports. Zacks Investment Research upgraded Ball from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup decreased their target price on Ball from $45.00 to $44.00 and set a “buy” rating on the stock in a report on Tuesday, July 10th. Wells Fargo & Co lifted their target price on Ball from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Wednesday, October 3rd. TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a report on Wednesday, August 1st. Finally, Robert W. Baird lifted their target price on Ball from $47.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $47.23.
In other news, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction on Monday, September 10th. The stock was sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the transaction, the chairman now owns 471,228 shares in the company, valued at $20,262,804. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott C. Morrison sold 25,000 shares of Ball stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the transaction, the vice president now owns 30,392 shares in the company, valued at approximately $1,349,404.80. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.
Shares of BLL stock opened at $44.16 on Friday. Ball Co. has a 1-year low of $34.71 and a 1-year high of $46.69. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 1.79. The firm has a market cap of $15.13 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89.
Ball (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Ball had a return on equity of 19.93% and a net margin of 4.12%. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. Ball’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Ball Co. will post 2.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. Ball’s dividend payout ratio is 19.61%.
Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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