Schwab Charles Investment Management Inc. Has $54.28 Million Holdings in Ball Co. (BLL)

Schwab Charles Investment Management Inc. raised its position in shares of Ball Co. (NYSE:BLL) by 5.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,314,287 shares of the industrial products company’s stock after buying an additional 64,900 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.38% of Ball worth $54,281,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in BLL. Tredje AP fonden increased its holdings in Ball by 2.1% in the 2nd quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock worth $476,000 after buying an additional 230 shares during the period. Garcia Hamilton & Associates LP DE increased its holdings in Ball by 9.6% in the 2nd quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock worth $360,000 after buying an additional 746 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Ball by 100.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock worth $103,000 after buying an additional 1,225 shares during the period. Chartwell Investment Partners LLC increased its holdings in Ball by 5.0% in the 3rd quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock worth $1,277,000 after buying an additional 1,485 shares during the period. Finally, Aperio Group LLC increased its holdings in Ball by 0.8% in the 3rd quarter. Aperio Group LLC now owns 180,150 shares of the industrial products company’s stock worth $7,440,000 after buying an additional 1,492 shares during the period. 89.40% of the stock is owned by institutional investors and hedge funds.

Shares of Ball Co. (NYSE BLL) opened at $40.65 on Tuesday. Ball Co. has a 52 week low of $35.65 and a 52 week high of $43.24. The stock has a market capitalization of $14,230.00, a price-to-earnings ratio of 21.31, a price-to-earnings-growth ratio of 3.71 and a beta of 0.97. The company has a quick ratio of 0.66, a current ratio of 1.04 and a debt-to-equity ratio of 1.95.

Ball (NYSE:BLL) last issued its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. sell-side analysts anticipate that Ball Co. will post 1.95 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, November 30th. Ball’s payout ratio is 54.05%.

Several equities research analysts have commented on the company. BMO Capital Markets upgraded Ball from a “market perform” rating to an “outperform” rating in a research report on Monday. Jefferies Group reiterated a “buy” rating and set a $49.00 target price (down previously from $50.00) on shares of Ball in a research report on Wednesday, August 9th. Vertical Group reiterated a “hold” rating and set a $43.00 target price (up previously from $41.50) on shares of Ball in a research report on Wednesday, August 9th. Barclays increased their target price on Ball from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Finally, UBS assumed coverage on Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $44.88.

In other Ball news, SVP Lisa Ann Pauley sold 17,090 shares of Ball stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $40.79, for a total value of $697,101.10. Following the completion of the transaction, the senior vice president now directly owns 108,923 shares of the company’s stock, valued at approximately $4,442,969.17. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Jeff A. Knobel sold 5,218 shares of Ball stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.12, for a total value of $209,346.16. Following the completion of the transaction, the vice president now directly owns 68,138 shares of the company’s stock, valued at $2,733,696.56. The disclosure for this sale can be found here. Insiders have sold a total of 39,167 shares of company stock valued at $1,597,782 over the last three months. Corporate insiders own 2.70% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.chaffeybreeze.com/2017/12/05/schwab-charles-investment-management-inc-has-54-28-million-holdings-in-ball-co-bll.html.

Ball 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.

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).

Institutional Ownership by Quarter for Ball (NYSE:BLL)

Receive News & Ratings for Ball Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply