Advisor Group Inc. Increases Stake in Ball Co. (NYSE:BLL)

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Advisor Group Inc. increased its holdings in Ball Co. (NYSE:BLL) by 57.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,315 shares of the industrial products company’s stock after purchasing an additional 8,098 shares during the period. Advisor Group Inc.’s holdings in Ball were worth $1,291,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BLL. Global Retirement Partners LLC boosted its stake in shares of Ball by 281.1% in the 4th quarter. Global Retirement Partners LLC now owns 644 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in shares of Ball in the 1st quarter valued at $30,000. Pearl River Capital LLC purchased a new stake in shares of Ball in the 1st quarter valued at $30,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Ball by 4,406.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,720,250 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,682,073 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Ball by 24.5% in the 4th quarter. IFP Advisors Inc now owns 1,062 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 209 shares in the last quarter. 82.33% of the stock is owned by institutional investors.

Shares of BLL opened at $66.44 on Wednesday. The firm has a market cap of $22.20 billion, a price-to-earnings ratio of 30.20, a PEG ratio of 4.59 and a beta of 0.73. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.09 and a quick ratio of 0.77. Ball Co. has a twelve month low of $34.71 and a twelve month high of $66.65.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.66 billion. Ball had a net margin of 3.83% and a return on equity of 20.39%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the company earned $0.50 EPS. As a group, equities research analysts forecast that Ball Co. will post 2.61 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, May 31st. This represents a $0.60 annualized dividend and a yield of 0.90%. This is a boost from Ball’s previous quarterly dividend of $0.10. Ball’s dividend payout ratio is presently 27.27%.

In other Ball news, COO Daniel William Fisher sold 5,000 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $66.14, for a total transaction of $330,700.00. Following the completion of the sale, the chief operating officer now owns 34,045 shares of the company’s stock, valued at approximately $2,251,736.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman John A. Hayes sold 9,111 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $61.66, for a total transaction of $561,784.26. Following the completion of the transaction, the chairman now owns 472,141 shares of the company’s stock, valued at $29,112,214.06. The disclosure for this sale can be found here. Insiders have sold a total of 41,655 shares of company stock valued at $2,597,872 in the last three months. 1.80% of the stock is currently owned by corporate insiders.

A number of brokerages have recently issued reports on BLL. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. Wells Fargo & Co upped their price objective on shares of Ball from $66.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Morgan Stanley upped their price objective on shares of Ball from $66.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, June 5th. BMO Capital Markets cut shares of Ball from an “outperform” rating to a “market perform” rating and set a $58.10 price objective for the company. in a research note on Monday, April 8th. They noted that the move was a valuation call. Finally, Citigroup upped their price objective on shares of Ball from $61.00 to $68.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Eight analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Ball has an average rating of “Buy” and an average price target of $56.93.

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Ball Company 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.

See Also: Why do analysts give a neutral rating?

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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