Captrust Financial Advisors purchased a new position in shares of Ball Corporation (NYSE:BLL) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,963 shares of the industrial products company’s stock, valued at approximately $209,000.

Several other hedge funds also recently added to or reduced their stakes in BLL. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Ball Corporation 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 worth $103,000 after buying an additional 1,225 shares in the last quarter. American Research & Management Co. raised its position in shares of Ball Corporation by 100.0% during 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 in the last quarter. Korea Investment CORP raised its position in shares of Ball Corporation by 385.5% during 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 in the last quarter. Ledyard National Bank raised its position in shares of Ball Corporation by 520.0% during the 2nd quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock worth $131,000 after buying an additional 2,600 shares in the last quarter. Finally, First Personal Financial Services raised its position in shares of Ball Corporation by 100.0% during the 2nd quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock worth $152,000 after buying an additional 1,797 shares in the last quarter. Institutional investors own 86.36% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2017/09/16/captrust-financial-advisors-purchases-shares-of-4963-ball-corporation-bll.html.

Shares of Ball Corporation (NYSE BLL) opened at 40.53 on Friday. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 57.49 and a beta of 0.96. The stock’s 50 day moving average is $40.35 and its 200-day moving average is $39.64.

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 consensus estimate of $0.55 by ($0.02). The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The firm’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period last year, the business posted $1.05 EPS. On average, analysts anticipate that Ball Corporation will post $2.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 78.43%.

In other news, SVP Lisa Ann Pauley sold 39,241 shares of the firm’s stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $39.10, for a total value of $1,534,323.10. Following the transaction, the senior vice president now owns 108,905 shares of the company’s stock, valued at approximately $4,258,185.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Daniel William Fisher sold 1,750 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $41.77, for a total transaction of $73,097.50. Following the completion of the transaction, the chief operating officer now directly owns 11,594 shares in the company, valued at approximately $484,281.38. The disclosure for this sale can be found here. Insiders sold a total of 114,325 shares of company stock worth $4,641,057 in the last ninety days. Insiders own 2.70% of the company’s stock.

BLL has been the topic of a number of research reports. ValuEngine downgraded shares of Ball Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $47.00 target price on shares of Ball Corporation in a report on Sunday, June 25th. Zacks Investment Research downgraded shares of Ball Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. Deutsche Bank AG reiterated a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of Ball Corporation from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $44.05.

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.

Want to see what other hedge funds are holding BLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Corporation (NYSE:BLL).

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

Receive News & Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related companies with MarketBeat.com's FREE daily email newsletter.