Ball Corporation (BLL) Stake Increased by Great West Life Assurance Co. Can
Great West Life Assurance Co. Can raised its stake in Ball Corporation (NYSE:BLL) by 94.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 233,272 shares of the industrial products company’s stock after buying an additional 113,574 shares during the period. Great West Life Assurance Co. Can’s holdings in Ball Corporation were worth $9,835,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of BLL. Pinnacle Bank acquired a new position in Ball Corporation during the first quarter valued at approximately $126,000. First Personal Financial Services boosted its position in Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock valued at $133,000 after buying an additional 262 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Ball Corporation during the first quarter valued at approximately $201,000. Advisor Partners LLC acquired a new position in Ball Corporation during the first quarter valued at approximately $201,000. Finally, Creative Planning boosted its position in Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock valued at $202,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 46.59% of the company’s stock.
Shares of Ball Corporation (BLL) opened at 40.05 on Friday. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 56.81 and a beta of 0.95. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06. The firm’s 50-day moving average price is $41.94 and its 200 day moving average price is $39.14.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. On average, equities research analysts forecast that Ball Corporation will post $2.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. Ball Corporation’s payout ratio is 78.43%.
Several research firms recently commented on BLL. Barclays PLC boosted their target price on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday. Jefferies Group LLC restated a “buy” rating and set a $49.00 target price (down from $50.00) on shares of Ball Corporation in a research report on Wednesday. BidaskClub cut Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Vertical Group restated a “hold” rating and set a $43.00 target price (up from $41.50) on shares of Ball Corporation in a research report on Wednesday. Finally, Vertical Research cut Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 target price for the company. in a research report on Friday, May 5th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.05.
In other news, Chairman John A. Hayes sold 5,622 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $41.10, for a total transaction of $231,064.20. Following the completion of the transaction, the chairman now owns 412,623 shares in the company, valued at $16,958,805.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Lisa Ann Pauley sold 37,984 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $42.03, for a total value of $1,596,467.52. Following the transaction, the senior vice president now owns 108,905 shares of the company’s stock, valued at approximately $4,577,277.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 117,654 shares of company stock valued at $4,839,833. Company insiders own 2.70% of the company’s stock.
About Ball Corporation
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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