TD Asset Management Inc. boosted its position in Ball Corporation (NYSE:BLL) by 121.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 619,313 shares of the industrial products company’s stock after buying an additional 339,365 shares during the period. TD Asset Management Inc.’s holdings in Ball Corporation were worth $26,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC increased its stake in Ball Corporation by 131.1% in the fourth quarter. AQR Capital Management LLC now owns 7,713 shares of the industrial products company’s stock valued at $579,000 after buying an additional 4,375 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Ball Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,159 shares of the industrial products company’s stock valued at $11,300,000 after buying an additional 4,839 shares in the last quarter. Raymond James Trust N.A. bought a new stake in Ball Corporation during the first quarter valued at $245,000. Creative Planning increased its stake 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 in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in Ball Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,756 shares of the industrial products company’s stock valued at $3,769,000 after buying an additional 600 shares in the last quarter. 46.59% of the stock is currently owned by hedge funds and other institutional investors.

Ball Corporation (NYSE:BLL) opened at 40.05 on Friday. Ball Corporation has a 1-year low of $35.65 and a 1-year high of $43.06. The company has a 50 day moving average of $41.94 and a 200 day moving average of $39.14. The firm has a market capitalization of $14.06 billion, a PE ratio of 56.81 and a beta of 0.95.

Ball Corporation (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by $0.02. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 40.6% on a year-over-year basis. 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. Investors of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. Ball Corporation’s dividend payout ratio (DPR) is 78.43%.

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BLL has been the topic of several research analyst reports. TheStreet raised shares of Ball Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Zacks Investment Research raised shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Tuesday, July 4th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and set a $47.00 target price on shares of Ball Corporation in a research report on Sunday, June 25th. Finally, Deutsche Bank AG reissued a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $44.05.

In related news, SVP Lisa Ann Pauley sold 20,960 shares of Ball Corporation stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $41.48, for a total value of $869,420.80. Following the transaction, the senior vice president now directly owns 108,887 shares in the company, valued at approximately $4,516,632.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director R David Hoover sold 10,000 shares of Ball Corporation stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $40.22, for a total transaction of $402,200.00. Following the completion of the transaction, the director now owns 183,260 shares in the company, valued at $7,370,717.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 117,654 shares of company stock worth $4,839,833. 2.70% of the stock is currently owned by insiders.

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

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