C M Bidwell & Associates Ltd. Invests $2.35 Million in Ball Corporation (BLL)

C M Bidwell & Associates Ltd. purchased a new stake in Ball Corporation (NYSE:BLL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 55,780 shares of the industrial products company’s stock, valued at approximately $2,354,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC raised its position in Ball Corporation by 3,000.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 6,200 shares of the industrial products company’s stock valued at $262,000 after purchasing an additional 6,000 shares during the last quarter. State Street Corp raised its position in Ball Corporation by 97.8% in the 2nd quarter. State Street Corp now owns 14,936,539 shares of the industrial products company’s stock valued at $630,475,000 after purchasing an additional 7,386,379 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in Ball Corporation by 102.6% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 60,461 shares of the industrial products company’s stock valued at $2,551,000 after purchasing an additional 30,621 shares during the last quarter. Janus Henderson Group PLC raised its position in Ball Corporation by 20,012.8% in the 2nd quarter. Janus Henderson Group PLC now owns 4,132,572 shares of the industrial products company’s stock valued at $174,436,000 after purchasing an additional 4,112,025 shares during the last quarter. Finally, Macquarie Group Ltd. raised its position in Ball Corporation by 100.0% in the 2nd quarter. Macquarie Group Ltd. now owns 6,600 shares of the industrial products company’s stock valued at $279,000 after purchasing an additional 3,300 shares during the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.

Several analysts recently commented on the stock. KeyCorp reiterated a “hold” rating on shares of Ball Corporation in a research report on Wednesday. Jefferies Group LLC reiterated a “buy” rating and issued a $49.00 price target (down previously from $50.00) on shares of Ball Corporation in a research report on Wednesday, August 9th. Vertical Group reiterated a “hold” rating and issued a $43.00 price target (up previously from $41.50) on shares of Ball Corporation in a research report on Wednesday, August 9th. Barclays PLC upped their price target on shares of Ball Corporation from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, BidaskClub downgraded shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $43.94.

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In other news, SVP Lisa Ann Pauley sold 37,984 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $42.03, for a total transaction of $1,596,467.52. Following the completion of the transaction, the senior vice president now owns 108,905 shares of the company’s stock, valued at $4,577,277.15. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jeff A. Knobel sold 5,218 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the transaction, the vice president now directly owns 68,138 shares of the company’s stock, valued at approximately $2,733,696.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 129,601 shares of company stock valued at $5,260,953. Corporate insiders own 2.70% of the company’s stock.

Shares of Ball Corporation (NYSE:BLL) traded down 0.02% during trading on Friday, reaching $42.02. 1,267,587 shares of the company’s stock were exchanged. The stock has a market capitalization of $14.78 billion, a PE ratio of 59.60 and a beta of 0.97. The company’s 50-day moving average is $40.48 and its 200 day moving average is $40.10. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06.

Ball Corporation (NYSE:BLL) last released its quarterly earnings data 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 business had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The business’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. On average, analysts forecast that Ball Corporation will post $2.04 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is 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.

Institutional Ownership by Quarter for Ball Corporation (NYSE:BLL)

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