Retirement Systems of Alabama Has $6.98 Million Position in Ball Co. (BLL)

Retirement Systems of Alabama decreased its stake in shares of Ball Co. (NYSE:BLL) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,597 shares of the industrial products company’s stock after selling 5,247 shares during the quarter. Retirement Systems of Alabama’s holdings in Ball were worth $6,977,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in BLL. Thompson Siegel & Walmsley LLC lifted its position in Ball by 5,484.2% during the second quarter. Thompson Siegel & Walmsley LLC now owns 2,024,059 shares of the industrial products company’s stock worth $71,956,000 after buying an additional 1,987,813 shares in the last quarter. Janus Henderson Group PLC increased its stake in Ball by 11.9% during the second quarter. Janus Henderson Group PLC now owns 8,577,094 shares of the industrial products company’s stock worth $304,917,000 after acquiring an additional 915,131 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Ball by 36.8% during the second quarter. Dimensional Fund Advisors LP now owns 2,038,518 shares of the industrial products company’s stock worth $72,465,000 after acquiring an additional 548,699 shares during the last quarter. Cooke & Bieler LP increased its stake in Ball by 22.0% during the second quarter. Cooke & Bieler LP now owns 2,738,645 shares of the industrial products company’s stock worth $97,359,000 after acquiring an additional 493,258 shares during the last quarter. Finally, Advisors Asset Management Inc. increased its stake in Ball by 571.6% during the second quarter. Advisors Asset Management Inc. now owns 487,353 shares of the industrial products company’s stock worth $2,504,000 after acquiring an additional 414,790 shares during the last quarter. Hedge funds and other institutional investors own 85.70% of the company’s stock.

In other news, Chairman John A. Hayes sold 96,667 shares of Ball stock in a transaction on Monday, September 10th. The stock was sold at an average price of $43.00, for a total value of $4,156,681.00. Following the completion of the sale, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Scott C. Morrison sold 25,000 shares of Ball stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the sale, the vice president now directly owns 30,392 shares of the company’s stock, valued at $1,349,404.80. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Shares of NYSE BLL opened at $47.36 on Friday. Ball Co. has a twelve month low of $34.71 and a twelve month high of $48.47. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 1.74. The firm has a market capitalization of $16.29 billion, a PE ratio of 21.14, a PEG ratio of 3.81 and a beta of 0.74.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, November 1st. The industrial products company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). Ball had a net margin of 4.21% and a return on equity of 20.02%. The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the firm posted $0.52 earnings per share. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. As a group, research analysts anticipate that Ball Co. will post 2.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. Ball’s payout ratio is presently 19.61%.

Several equities research analysts have issued reports on BLL shares. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research note on Thursday, October 4th. Deutsche Bank set a $51.00 target price on Ball and gave the stock a “buy” rating in a research note on Thursday, October 4th. Bank of America raised their target price on Ball from $44.00 to $50.00 and gave the stock a “buy” rating in a research note on Monday, September 24th. Wells Fargo & Co raised their target price on Ball from $45.00 to $50.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 3rd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $47.00 target price on shares of Ball in a research note on Monday, August 6th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $49.54.

About Ball

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five 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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