Capital Fund Management S.A. bought a new position in Ball during the fourth quarter worth about $3,541,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -5.52%, and has a solid year to date (YTD) performance of 0.18% which means that the stock is constantly adding to its value from the previous fiscal year end price.
Several institutional investors and hedge funds have recently added to or reduced their stakes in BLL.
KeyBanc Capital Mkts Upgrade shares of Ball Corporation (NYSE:BLL) to a Sector Weight rating from a Underweight rating in a report posted on Monday, February 12th, 2018. Guggenheim Capital LLC now owns 1,275,927 shares of the industrial products company's stock worth $48,293,000 after acquiring an additional 278,408 shares during the period. Finally, Ascend Capital LLC bought a new stake in shares of Ball during the 4th quarter worth $21,736,000. Commerce Bank increased its position in shares of Ball by 33.7% during the fourth quarter. Meadow Creek Investment Management LLC now owns 16,968 shares of the industrial products company's stock valued at $642,000 after buying an additional 1,512 shares during the period. Chilton Investment Co Llc bought 12,864 shares as the company's stock rose 3.21% while stock markets declined. On Thursday, February 22 Pauley Lisa Ann sold $735,919 worth of Ball Corporation (NYSE:BLL) or 18,660 shares. The stock was sold at an average price of $41.18, for a total transaction of $91,625.50.
The information in this Report shall not be deemed to be "filed" for purposes of Section18 of the Securities Exchange Act of 1934, as amended, (the "Exchange Act") or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. On Friday, January 19 MORRISON SCOTT C sold $100,065 worth of Ball Corporation (NYSE:BLL) or 2,591 shares. The stock was acquired at an average cost of $40.10 per share, with a total value of $360,900.00. Following the transaction, the vice president now owns 408,024 shares of the company's stock, valued at approximately $16,031,262.96. The disclosure for this sale can be found here. The company's stock had a trading volume of 1,984,860 shares, compared to its average volume of 3,065,536.
The company now has an insider ownership of 0.5 Percent and Institutional ownership of 90.5 Percent. Adirondack Research & Management Inc who had been investing in Owens & Minor Inc New for a number of months, seems to be bullish on the $957.63 million market cap company. KeyCorp reaffirmed a "hold" rating on shares of Ball in a report on Thursday. Zacks Investment Research cut Ball from a "buy" rating to a "hold" rating in a research report on Friday, April 13th. ValuEngine downgraded Ball from a "hold" rating to a "sell" rating in a research note on Monday, April 2nd. The firm earned "Buy" rating on Wednesday, January 17 by Citigroup. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Ball now has an average rating of "Hold" and an average target price of $45.38.
NYSE BLL traded up $0.62 during trading hours on Friday, hitting $38.54. The company has a quick ratio of 0.54, a current ratio of 1.07 and a debt-to-equity ratio of 1.72. Ball has a 52 week low of $35.60 and a 52 week high of $43.24. This organization, at the moment, has a beta score of 0.86, a market cap of $13.38B, and its PE ratio is 29.94. Ball Corporation (NYSE:BLL) has risen 6.31% since May 4, 2017 and is uptrending. The industrial products company reported $0.50 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.45 by $0.05. Ball had a return on equity of 19.86% and a net margin of 4.04%. According to their predictions high & low revenue estimates are 2.66 Billion and 2.49 Billion respectively. Ball's revenue for the quarter was up 12.6% on a year-over-year basis. research analysts expect that Ball Co. will post 2.35 earnings per share for the current year.
Ball announced that its Board of Directors has authorized a stock repurchase program on Wednesday, April 25th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Sei Investments invested in 333,263 shares or 0.05% of the stock. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. Ball's dividend payout ratio is now 19.61%.
Ball Corporation is a provider of metal packaging for beverages, foods & household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates in five divisions: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.