Steward Partners Investment Advisory LLC Has $100,000 Holdings in Ball Co. (NYSE:BLL)
Steward Partners Investment Advisory LLC lessened its stake in Ball Co. (NYSE:BLL) by 17.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,374 shares of the industrial products company’s stock after selling 286 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Ball were worth $100,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of BLL. Next Capital Management LLC acquired a new position in Ball in the second quarter valued at about $25,000. Atwater Malick LLC acquired a new position in Ball in the third quarter valued at about $31,000. Whittier Trust Co. raised its stake in Ball by 56.0% in the second quarter. Whittier Trust Co. now owns 496 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 178 shares in the last quarter. Tortoise Investment Management LLC raised its stake in Ball by 663.3% during the second quarter. Tortoise Investment Management LLC now owns 748 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 650 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Ball during the second quarter worth about $56,000. 82.60% of the stock is owned by institutional investors and hedge funds.
In other news, VP Charles E. Baker sold 19,563 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $80.06, for a total value of $1,566,213.78. Following the completion of the transaction, the vice president now owns 215,223 shares of the company’s stock, valued at $17,230,753.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Scott C. Morrison sold 17,224 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The shares were 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 directly owns 442,361 shares of the company’s stock, valued at approximately $33,796,380.40. The disclosure for this sale can be found here. Insiders sold 153,936 shares of company stock valued at $11,811,811 in the last ninety days. 1.80% of the stock is currently owned by insiders.
Ball (NYSE:BLL) last issued its earnings results on Thursday, October 31st. The industrial products company reported $0.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.72 by ($0.02). The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $3.05 billion. Ball had a return on equity of 22.86% and a net margin of 4.82%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. On average, sell-side analysts predict that Ball Co. will post 2.53 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, November 29th. Ball’s dividend payout ratio is currently 27.27%.
Several research analysts have commented on the company. Morgan Stanley reissued a “buy” rating and set a $87.00 target price on shares of Ball in a research note on Wednesday. KeyCorp reissued a “hold” rating on shares of Ball in a research note on Friday, August 2nd. UBS Group boosted their target price on Ball from $60.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Vertical Research raised Ball from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Citigroup lowered their target price on Ball from $86.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $76.02.
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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