Virginia Retirement Systems ET AL continued to hold its position in Ball Corporation (NYSE:BLL) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,000 shares of the industrial products company’s stock at the end of the first quarter. Virginia Retirement Systems ET AL’s holdings in Ball Corporation were worth $2,822,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its position in shares of Ball Corporation by 35.7% in the fourth quarter. Bessemer Group Inc. now owns 1,385 shares of the industrial products company’s stock worth $104,000 after buying an additional 364 shares during the period. Pinnacle Bank acquired a new stake in Ball Corporation during the first quarter valued at approximately $126,000. First Personal Financial Services increased its position in shares of Ball Corporation by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock worth $133,000 after buying an additional 262 shares during the period. Advisor Partners LLC bought a new position in shares of Ball Corporation during the first quarter worth about $201,000. Finally, Creative Planning increased its position in 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. 43.30% of the stock is owned by hedge funds and other institutional investors.
Shares of Ball Corporation (NYSE:BLL) opened at 41.16 on Friday. Ball Corporation has a 1-year low of $33.76 and a 1-year high of $41.82. The firm has a 50-day moving average price of $54.97 and a 200-day moving average price of $69.66. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 30.62 and a beta of 0.95.
Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, May 4th. The industrial products company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. Ball Corporation had a return on equity of 16.46% and a net margin of 4.59%. The company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 40.8% on a year-over-year basis. Equities analysts forecast that Ball Corporation will post $2.15 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were given a $0.10 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.97%. This is an increase from Ball Corporation’s previous quarterly dividend of $0.07. Ball Corporation’s payout ratio is currently 26.67%.
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A number of research analysts have recently commented on BLL shares. BMO Capital Markets reiterated a “hold” rating and set a $39.50 target price on shares of Ball Corporation in a research report on Wednesday, April 12th. Zacks Investment Research upgraded Ball Corporation from a “sell” rating to a “hold” rating in a report on Monday, May 8th. ValuEngine lowered Ball Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet upgraded Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Finally, Jefferies Group LLC increased their price target on Ball Corporation from $45.00 to $47.50 and gave the company a “buy” rating in a report on Monday, May 15th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Ball Corporation has an average rating of “Hold” and a consensus target price of $42.23.
In other Ball Corporation news, Chairman John A. Hayes sold 2,717 shares of Ball Corporation stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $80.62, for a total value of $219,044.54. Following the sale, the chairman now owns 206,255 shares in the company, valued at $16,628,278.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Lisa Ann Pauley sold 20,960 shares of Ball Corporation stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $41.48, for a total value of $869,420.80. Following the completion of the sale, the senior vice president now owns 108,887 shares in the company, valued at approximately $4,516,632.76. The disclosure for this sale can be found here. Insiders sold 72,952 shares of company stock worth $3,188,747 in the last 90 days. Company insiders own 2.70% of the company’s stock.
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.
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