November 10, 2019 at 8:47 pm

Keybank National Association OH Raises Position in Ball Co. (NYSE:BLL)

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Keybank National Association OH grew its holdings in shares of Ball Co. (NYSE:BLL) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 54,442 shares of the industrial products company’s stock after purchasing an additional 738 shares during the quarter. Keybank National Association OH’s holdings in Ball were worth $3,964,000 as of its most recent SEC filing.

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Several other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Ball by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 38,877,836 shares of the industrial products company’s stock valued at $2,721,060,000 after purchasing an additional 139,324 shares during the last quarter. BlackRock Inc. raised its stake in Ball by 3.2% in the 2nd quarter. BlackRock Inc. now owns 22,850,210 shares of the industrial products company’s stock worth $1,599,286,000 after acquiring an additional 703,830 shares during the last quarter. Morgan Stanley raised its stake in Ball by 448.7% in the 2nd quarter. Morgan Stanley now owns 4,160,497 shares of the industrial products company’s stock worth $291,191,000 after acquiring an additional 3,402,247 shares during the last quarter. Bank of America Corp DE raised its stake in Ball by 19.6% in the 2nd quarter. Bank of America Corp DE now owns 3,865,420 shares of the industrial products company’s stock worth $270,541,000 after acquiring an additional 632,619 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Ball by 0.4% in the 2nd quarter. Northern Trust Corp now owns 3,733,953 shares of the industrial products company’s stock worth $261,340,000 after acquiring an additional 16,255 shares during the last quarter. Hedge funds and other institutional investors own 82.60% of the company’s stock.

In other news, VP Charles E. Baker sold 19,563 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $80.06, for a total transaction of $1,566,213.78. Following the sale, the vice president now directly owns 215,223 shares in the company, valued at approximately $17,230,753.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John A. Hayes sold 9,775 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $78.54, for a total value of $767,728.50. Following the sale, the chairman now owns 447,742 shares in the company, valued at $35,165,656.68. The disclosure for this sale can be found here. Insiders have sold a total of 153,936 shares of company stock worth $11,811,811 over the last ninety days. 1.80% of the stock is owned by insiders.

BLL traded down $0.42 during midday trading on Friday, hitting $64.65. 1,896,338 shares of the company were exchanged, compared to its average volume of 2,342,891. The company’s 50 day simple moving average is $71.77 and its 200 day simple moving average is $70.06. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 4.65 and a beta of 0.72. The company has a current ratio of 1.01, a quick ratio of 0.70 and a debt-to-equity ratio of 1.91. Ball Co. has a 1-year low of $42.24 and a 1-year high of $81.88.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, October 31st. The industrial products company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company 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%. Ball’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.56 earnings per share. On average, equities analysts anticipate that Ball Co. will post 2.53 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a 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 brokerages have weighed in on BLL. ValuEngine downgraded Ball from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Ball in a research report on Friday, November 1st. Citigroup cut their price target on Ball from $86.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, October 17th. Morgan Stanley reaffirmed a “buy” rating and set a $87.00 price target on shares of Ball in a research report on Wednesday. Finally, Vertical Research raised Ball from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.02.

Ball Profile

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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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)

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