Sei Investments Co. raised its stake in Ball Corporation (NYSE:BLL) by 307.5% during the second quarter, Holdings Channel reports. The firm owned 216,317 shares of the industrial products company’s stock after buying an additional 163,238 shares during the period. Sei Investments Co.’s holdings in Ball Corporation were worth $9,131,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Cleararc Capital Inc. boosted its stake in shares of Ball Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares during the period. Fifth Third Bancorp boosted its stake in shares of Ball Corporation by 2.1% in the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock valued at $271,000 after buying an additional 75 shares during the period. Creative Planning boosted its stake in shares of 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 period. HCR Wealth Advisors boosted its stake in shares of Ball Corporation by 2.1% in the first quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock valued at $344,000 after buying an additional 101 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Ball Corporation by 0.8% in the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 46.59% of the company’s stock.

Ball Corporation (NYSE BLL) opened at 40.16 on Friday. The firm has a market cap of $14.10 billion, a P/E ratio of 56.96 and a beta of 0.95. Ball Corporation has a one year low of $35.65 and a one year high of $43.06. The stock has a 50 day moving average price of $41.90 and a 200-day moving average price of $60.26.

Ball Corporation (NYSE:BLL) last issued its 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. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the business posted $1.05 EPS. Ball Corporation’s quarterly revenue was up 40.6% on a year-over-year basis. Analysts predict that Ball Corporation will post $2.03 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is currently 78.43%.

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Several analysts have issued reports on BLL shares. Jefferies Group LLC boosted their price objective on Ball Corporation from $45.00 to $47.50 and gave the stock a “buy” rating in a report on Friday, May 5th. Zacks Investment Research downgraded Ball Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 20th. Barclays PLC boosted their price objective on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, Vertical Group restated a “hold” rating and set a $43.00 price objective (up previously from $41.50) on shares of Ball Corporation in a report on Wednesday. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ball Corporation has an average rating of “Hold” and an average target price of $44.05.

In other Ball Corporation news, Director R David Hoover sold 22,000 shares of the firm’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $39.75, for a total transaction of $874,500.00. Following the transaction, the director now owns 205,260 shares in the company, valued at $8,159,085. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman John A. Hayes sold 5,655 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $41.19, for a total value of $232,929.45. Following 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 90 days, insiders have sold 117,654 shares of company stock worth $4,839,833. Company insiders own 2.70% of the company’s stock.

Ball Corporation Company 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.

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

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