Advanced Asset Management Advisors Inc bought a new position in shares of Ball Co. (NYSE:BLL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,000 shares of the industrial products company’s stock, valued at approximately $1,188,000.
A number of other hedge funds have also bought and sold shares of the business. Adviser Investments LLC acquired a new stake in shares of Ball in the second quarter valued at $106,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Ball in the second quarter valued at $145,000. Creative Planning acquired a new stake in shares of Ball in the second quarter valued at $215,000. Visionary Asset Management Inc. acquired a new stake in shares of Ball in the third quarter valued at $220,000. Finally, Cozad Asset Management Inc. acquired a new stake in shares of Ball in the second quarter valued at $254,000. 85.70% of the stock is owned by institutional investors.
BLL has been the subject of a number of research reports. Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating in a research note on Wednesday, October 10th. Citigroup dropped their price objective on Ball from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, July 10th. ValuEngine raised Ball from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Wells Fargo & Co lifted their price objective on Ball from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, October 3rd. Finally, TheStreet raised Ball from a “c+” rating to a “b-” rating in a research note on Wednesday, August 1st. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Ball presently has an average rating of “Buy” and a consensus price target of $47.23.
Ball (NYSE:BLL) last released its earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.58. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.01 billion. Ball had a return on equity of 19.93% and a net margin of 4.12%. Ball’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. Equities analysts forecast that Ball Co. will post 2.26 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a $0.10 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. Ball’s dividend payout ratio (DPR) is presently 19.61%.
In other Ball news, VP Scott C. Morrison sold 25,000 shares of Ball stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the completion of the sale, the vice president now directly owns 30,392 shares of the company’s stock, valued at approximately $1,349,404.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $43.00, for a total value of $4,156,681.00. Following the sale, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.
Ball Company Profile
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.
Read More: Insider Trading – What You Need to Know
Want to see what other hedge funds are holding BLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Co. (NYSE:BLL).
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.