TD Asset Management Inc. lifted its position in Ball Co. (NYSE:BLL) by 9.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 653,059 shares of the industrial products company’s stock after purchasing an additional 55,991 shares during the quarter. TD Asset Management Inc.’s holdings in Ball were worth $54,282,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Jupiter Asset Management Ltd. increased its holdings in shares of Ball by 38.2% in the third quarter. Jupiter Asset Management Ltd. now owns 68,745 shares of the industrial products company’s stock worth $5,710,000 after purchasing an additional 19,007 shares during the period. Fifth Third Bancorp grew its position in Ball by 6.6% in the third quarter. Fifth Third Bancorp now owns 10,494 shares of the industrial products company’s stock worth $872,000 after acquiring an additional 654 shares in the last quarter. Chilton Investment Co. LLC grew its position in Ball by 3.0% in the third quarter. Chilton Investment Co. LLC now owns 3,280,621 shares of the industrial products company’s stock worth $272,685,000 after acquiring an additional 96,000 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Ball by 0.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 21,091 shares of the industrial products company’s stock worth $1,753,000 after acquiring an additional 179 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Ball by 13.1% in the third quarter. The Manufacturers Life Insurance Company now owns 402,160 shares of the industrial products company’s stock worth $33,427,000 after acquiring an additional 46,589 shares in the last quarter. 73.60% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Charles E. Baker sold 40,000 shares of the stock in a transaction dated Tuesday, November 17th. The shares were sold at an average price of $95.49, for a total value of $3,819,600.00. Following the completion of the transaction, the vice president now directly owns 191,678 shares of the company’s stock, valued at $18,303,332.22. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Charles E. Baker sold 4,272 shares of the stock in a transaction dated Friday, November 20th. The stock was sold at an average price of $97.35, for a total transaction of $415,879.20. Over the last three months, insiders sold 65,559 shares of company stock valued at $6,114,880. 1.70% of the stock is owned by insiders.
Several research firms have issued reports on BLL. JPMorgan Chase & Co. upped their price target on shares of Ball from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Friday, September 18th. Morgan Stanley upped their price target on shares of Ball from $87.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, November 9th. ValuEngine lowered shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, November 2nd. Northland Securities upped their price target on shares of Ball from $83.00 to $99.00 and gave the company an “outperform” rating in a research report on Monday, November 9th. Finally, BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and upped their price target for the company from $70.00 to $107.00 in a research report on Thursday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. Ball presently has an average rating of “Buy” and an average target price of $98.67.
Ball stock opened at $97.25 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.72 and a debt-to-equity ratio of 2.60. The firm has a 50-day moving average of $91.44 and a 200-day moving average of $77.92. The firm has a market cap of $31.81 billion, a P/E ratio of 62.74, a P/E/G ratio of 6.59 and a beta of 0.45. Ball Co. has a 1-year low of $51.26 and a 1-year high of $102.76.
Ball (NYSE:BLL) last released its quarterly earnings results on Thursday, November 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.12. Ball had a net margin of 4.54% and a return on equity of 33.14%. The company had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the prior year, the firm earned $0.70 earnings per share. Ball’s revenue was up 4.7% on a year-over-year basis. Research analysts forecast that Ball Co. will post 2.94 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend is Monday, November 30th. Ball’s payout ratio is currently 23.72%.
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.
Featured Story: Return on Investment (ROI) Defined, Explained
Want to see what other hedge funds are holding BLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ball Co. (NYSE:BLL).
Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.