Wealthfront Advisers LLC Purchases 2,086 Shares of Ball Co. (NYSE:BLL)

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Wealthfront Advisers LLC grew its position in shares of Ball Co. (NYSE:BLL) by 15.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,620 shares of the industrial products company’s stock after buying an additional 2,086 shares during the quarter. Wealthfront Advisers LLC’s holdings in Ball were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Ball by 3.2% during the 2nd quarter. BlackRock Inc. now owns 22,850,210 shares of the industrial products company’s stock valued at $1,599,286,000 after buying an additional 703,830 shares during the period. State Street Corp lifted its holdings in shares of Ball by 2.1% during the 3rd quarter. State Street Corp now owns 14,560,536 shares of the industrial products company’s stock valued at $1,060,153,000 after buying an additional 294,229 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Ball by 9.1% during the 3rd quarter. California Public Employees Retirement System now owns 2,679,510 shares of the industrial products company’s stock valued at $195,095,000 after buying an additional 224,189 shares during the period. Nuveen Asset Management LLC lifted its holdings in shares of Ball by 3,691.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,669,736 shares of the industrial products company’s stock valued at $186,855,000 after buying an additional 2,599,325 shares during the period. Finally, Macquarie Group Ltd. lifted its holdings in shares of Ball by 82.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,404,522 shares of the industrial products company’s stock valued at $168,293,000 after buying an additional 1,087,134 shares during the period. 81.63% of the stock is currently owned by hedge funds and other institutional investors.

In other Ball news, Chairman John A. Hayes sold 17,920 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $71.51, for a total value of $1,281,459.20. Following the completion of the sale, the chairman now owns 452,190 shares in the company, valued at approximately $32,336,106.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman John A. Hayes sold 9,465 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $66.48, for a total value of $629,233.20. Following the completion of the sale, the chairman now owns 438,296 shares of the company’s stock, valued at approximately $29,137,918.08. The disclosure for this sale can be found here. Insiders sold a total of 74,520 shares of company stock valued at $4,973,069 over the last 90 days. 1.80% of the stock is currently owned by company insiders.

NYSE:BLL opened at $71.87 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.01 and a quick ratio of 0.70. The firm has a market capitalization of $23.50 billion, a price-to-earnings ratio of 44.09, a price-to-earnings-growth ratio of 4.39 and a beta of 0.67. Ball Co. has a one year low of $48.81 and a one year high of $81.88. The business has a fifty day moving average price of $65.60 and a 200-day moving average price of $70.72.

Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, October 31st. The industrial products company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.02). The company had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $3.05 billion. Ball had a return on equity of 22.86% and a net margin of 4.82%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. On average, equities research analysts expect that Ball Co. will post 2.5 earnings per share for the current fiscal year.

BLL has been the topic of several research analyst reports. Morgan Stanley reissued a “buy” rating and set a $87.00 price target on shares of Ball in a report on Wednesday, November 6th. Citigroup lowered their price target on Ball from $86.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, October 17th. Barclays started coverage on Ball in a report on Thursday, January 16th. They set an “equal weight” rating and a $72.00 price target on the stock. Wells Fargo & Co restated a “hold” rating on shares of Ball in a research note on Friday, December 6th. Finally, Northland Securities started coverage on Ball in a research note on Monday, December 2nd. They issued an “outperform” rating and a $82.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $77.39.

About Ball

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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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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