Wedge Capital Management L L P NC lessened its stake in shares of Ball Co. (NYSE:BLL) by 15.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,475 shares of the industrial products company’s stock after selling 29,012 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Ball were worth $7,059,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of the business. DnB Asset Management AS increased its holdings in Ball by 9.4% in the second quarter. DnB Asset Management AS now owns 46,360 shares of the industrial products company’s stock valued at $1,648,000 after buying an additional 4,000 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Ball by 38.3% in the second quarter. IFM Investors Pty Ltd now owns 14,845 shares of the industrial products company’s stock valued at $528,000 after buying an additional 4,114 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in Ball by 1.7% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 100,942 shares of the industrial products company’s stock valued at $3,588,000 after buying an additional 1,727 shares during the last quarter. Addenda Capital Inc. increased its holdings in Ball by 125.7% in the second quarter. Addenda Capital Inc. now owns 54,690 shares of the industrial products company’s stock valued at $1,745,000 after buying an additional 30,456 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new stake in Ball in the second quarter valued at about $4,228,000. Institutional investors own 85.78% of the company’s stock.
In other news, VP Jeff A. Knobel sold 6,899 shares of the company’s stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $47.42, for a total transaction of $327,150.58. Following the completion of the transaction, the vice president now directly owns 68,389 shares of the company’s stock, valued at $3,243,006.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John A. Hayes sold 96,667 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $43.00, for a total value of $4,156,681.00. Following the transaction, the chairman now directly owns 471,228 shares of the company’s stock, valued at $20,262,804. The disclosure for this sale can be found here. Insiders have sold 128,566 shares of company stock valued at $5,593,832 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.
NYSE:BLL opened at $48.84 on Thursday. The company has a market cap of $16.23 billion, a PE ratio of 23.94, a P/E/G ratio of 3.94 and a beta of 0.74. Ball Co. has a 52 week low of $34.71 and a 52 week high of $48.85. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.01 and a quick ratio of 0.69.
Ball (NYSE:BLL) last posted its earnings results on Thursday, November 1st. The industrial products company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.80 billion. Ball had a net margin of 4.21% and a return on equity of 20.02%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Equities research analysts anticipate that Ball Co. will post 2.21 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, November 30th. Ball’s dividend payout ratio (DPR) is presently 19.61%.
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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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