Ball Corporation (BLL) is Portland Hill Asset Management Ltd’s 6th Largest Position
Portland Hill Asset Management Ltd raised its holdings in Ball Corporation (NYSE:BLL) by 157.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 356,425 shares of the industrial products company’s stock after purchasing an additional 218,018 shares during the quarter. Ball Corporation makes up about 7.7% of Portland Hill Asset Management Ltd’s investment portfolio, making the stock its 6th largest position. Portland Hill Asset Management Ltd owned approximately 0.10% of Ball Corporation worth $15,045,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of BLL. UBS Asset Management Americas Inc. raised its position in Ball Corporation by 9.8% in the 1st quarter. UBS Asset Management Americas Inc. now owns 455,651 shares of the industrial products company’s stock valued at $33,837,000 after purchasing an additional 40,797 shares during the last quarter. Sei Investments Co. raised its position in Ball Corporation by 49.8% in the 1st quarter. Sei Investments Co. now owns 53,079 shares of the industrial products company’s stock valued at $3,942,000 after purchasing an additional 17,657 shares during the last quarter. Ameriprise Financial Inc. raised its position in Ball Corporation by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 64,511 shares of the industrial products company’s stock valued at $4,790,000 after purchasing an additional 4,160 shares during the last quarter. Airain ltd bought a new position in Ball Corporation in the 1st quarter valued at $281,000. Finally, Baird Financial Group Inc. bought a new position in Ball Corporation in the 1st quarter valued at $201,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.
In related news, Chairman John A. Hayes sold 5,683 shares of the firm’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $42.23, for a total transaction of $239,993.09. Following the completion of the transaction, the chairman now directly owns 407,562 shares of the company’s stock, valued at approximately $17,211,343.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Lisa Ann Pauley sold 39,241 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was 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 directly owns 108,905 shares of the company’s stock, valued at $4,258,185.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 129,665 shares of company stock valued at $5,265,060. 2.70% of the stock is owned by corporate insiders.
BLL has been the subject of several research analyst reports. Zacks Investment Research upgraded Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, July 4th. BidaskClub upgraded Ball Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and set a $47.00 target price on shares of Ball Corporation in a research report on Sunday, June 25th. Deutsche Bank AG restated a “buy” rating and set a $47.00 target price (up previously from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. Finally, Barclays PLC boosted their target price on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $44.05.
Shares of Ball Corporation (NYSE:BLL) traded up 0.51% during midday trading on Thursday, hitting $41.20. The company had a trading volume of 449,615 shares. The stock has a market capitalization of $14.49 billion, a price-to-earnings ratio of 58.44 and a beta of 0.96. The stock’s 50-day moving average price is $40.28 and its 200-day moving average price is $39.74. Ball Corporation has a one year low of $35.65 and a one year high of $43.06.
Ball Corporation (NYSE:BLL) last announced its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.05 earnings per share. Analysts predict that Ball Corporation will post $2.03 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Wednesday, August 30th. Ball Corporation’s dividend payout ratio is currently 78.43%.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.