Ball Co. (NYSE:BLL) Shares Sold by Westpac Banking Corp

Westpac Banking Corp lowered its stake in shares of Ball Co. (NYSE:BLL) by 21.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 264,697 shares of the industrial products company’s stock after selling 73,683 shares during the period. Westpac Banking Corp owned 0.08% of Ball worth $18,526,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Ball by 2.7% during the first quarter. BlackRock Inc. now owns 22,146,380 shares of the industrial products company’s stock valued at $1,281,389,000 after acquiring an additional 580,211 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Ball by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 4,417,275 shares of the industrial products company’s stock valued at $202,755,000 after acquiring an additional 311,457 shares during the last quarter. Jackson Square Partners LLC acquired a new stake in shares of Ball during the first quarter valued at $254,594,000. Iridian Asset Management LLC CT boosted its stake in shares of Ball by 6.4% during the first quarter. Iridian Asset Management LLC CT now owns 2,907,923 shares of the industrial products company’s stock valued at $168,252,000 after acquiring an additional 174,158 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Ball by 24.1% during the first quarter. California Public Employees Retirement System now owns 2,086,472 shares of the industrial products company’s stock valued at $120,723,000 after acquiring an additional 405,090 shares during the last quarter. 81.99% of the stock is currently owned by institutional investors and hedge funds.

BLL has been the topic of a number of analyst reports. UBS Group increased their price objective on Ball from $60.00 to $78.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. ValuEngine downgraded Ball from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. KeyCorp reiterated a “hold” rating on shares of Ball in a research report on Friday, August 2nd. Zacks Investment Research upgraded Ball from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Finally, Morgan Stanley increased their target price on Ball from $71.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. Ball currently has an average rating of “Hold” and an average target price of $63.46.



Shares of Ball stock traded up $2.46 during trading hours on Tuesday, reaching $79.30. The stock had a trading volume of 66,155 shares, compared to its average volume of 2,059,042. The business’s 50 day simple moving average is $71.84. The firm has a market capitalization of $25.72 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 5.45 and a beta of 0.80. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.10 and a quick ratio of 0.81. Ball Co. has a 1 year low of $39.41 and a 1 year high of $77.88.

Ball (NYSE:BLL) last released its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.03 billion. Ball had a return on equity of 21.32% and a net margin of 4.54%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 earnings per share. On average, equities analysts predict that Ball Co. will post 2.58 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.15 dividend. The ex-dividend date is Friday, August 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%. Ball’s dividend payout ratio (DPR) is 27.27%.

In other news, VP Jeff A. Knobel sold 6,300 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $62.28, for a total value of $392,364.00. Following the transaction, the vice president now directly owns 68,470 shares in the company, valued at approximately $4,264,311.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Scott C. Morrison sold 17,224 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $76.40, for a total value of $1,315,913.60. Following the completion of the transaction, the vice president now owns 442,361 shares in the company, valued at $33,796,380.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,839 shares of company stock worth $4,216,684. Company insiders own 1.80% of the company’s stock.

About Ball

Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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