Willingdon Wealth Management Invests $2.31 Million in Ball Corporation (BLL)
Willingdon Wealth Management bought a new stake in shares of Ball Corporation (NYSE:BLL) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 54,780 shares of the industrial products company’s stock, valued at approximately $2,312,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in BLL. Cleararc Capital Inc. increased its position 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 last quarter. Fifth Third Bancorp increased its position 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 last quarter. Creative Planning increased its position 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 last quarter. HCR Wealth Advisors boosted its stake in 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 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. 53.01% of the stock is owned by hedge funds and other institutional investors.
Shares of Ball Corporation (NYSE BLL) traded up 0.23% during mid-day trading on Friday, hitting $39.30. The stock had a trading volume of 1,598,992 shares. The company has a 50-day moving average of $41.26 and a 200 day moving average of $39.31. Ball Corporation has a one year low of $38.94 and a one year high of $43.06. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 55.74 and a beta of 0.95.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.02. The firm 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 business’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 earnings per share. On average, equities research analysts forecast that Ball Corporation will post $2.03 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.02%. Ball Corporation’s dividend payout ratio (DPR) is 78.43%.
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BLL has been the subject of several recent analyst reports. Vertical Research cut Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price target for the company. in a report on Friday, May 5th. Jefferies Group LLC lifted their price target on Ball Corporation from $45.00 to $47.50 and gave the company a “buy” rating in a report on Friday, May 5th. TheStreet upgraded Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research upgraded Ball Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, ValuEngine upgraded Ball Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 18th. Nine research analysts have rated the stock with 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.
In other news, COO Daniel William Fisher sold 1,750 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total value of $73,097.50. Following the sale, the chief operating officer now directly owns 11,594 shares in the company, valued at $484,281.38. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Scott C. Morrison sold 13,249 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $40.35, for a total value of $534,597.15. Following the completion of the sale, the vice president now owns 392,091 shares in the company, valued at $15,820,871.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,903 shares of company stock worth $3,777,570. Corporate insiders own 2.70% of the company’s stock.
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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