M.D. Sass Investors Services Inc. Cuts Position in Ball Co. (NYSE:BLL)

M.D. Sass Investors Services Inc. trimmed its position in shares of Ball Co. (NYSE:BLL) by 92.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,200 shares of the industrial products company’s stock after selling 236,956 shares during the period. M.D. Sass Investors Services Inc.’s holdings in Ball were worth $1,274,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Scotia Capital Inc. increased its position in shares of Ball by 22.2% in the 2nd quarter. Scotia Capital Inc. now owns 8,354 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 1,518 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Ball by 114.8% during the second quarter. Captrust Financial Advisors now owns 1,042 shares of the industrial products company’s stock worth $73,000 after purchasing an additional 557 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Ball by 2.3% during the second quarter. Parametric Portfolio Associates LLC now owns 826,475 shares of the industrial products company’s stock worth $57,845,000 after purchasing an additional 18,586 shares in the last quarter. MML Investors Services LLC increased its holdings in Ball by 5.9% in the second quarter. MML Investors Services LLC now owns 6,961 shares of the industrial products company’s stock valued at $487,000 after buying an additional 389 shares during the last quarter. Finally, Toronto Dominion Bank increased its holdings in Ball by 25.1% in the second quarter. Toronto Dominion Bank now owns 269,180 shares of the industrial products company’s stock valued at $18,835,000 after buying an additional 54,071 shares during the last quarter. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ball stock traded down $0.02 during trading on Wednesday, reaching $71.87. The company’s stock had a trading volume of 325,457 shares, compared to its average volume of 1,809,136. The company has a 50-day moving average price of $76.87 and a two-hundred day moving average price of $65.74. The firm has a market cap of $24.92 billion, a PE ratio of 32.65, a P/E/G ratio of 5.28 and a beta of 0.75. Ball Co. has a fifty-two week low of $42.24 and a fifty-two week high of $81.88. The company has a current ratio of 1.10, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.01). Ball had a return on equity of 21.32% and a net margin of 4.54%. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the previous year, the business posted $0.58 earnings per share. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts predict that Ball Co. will post 2.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Ball’s dividend payout ratio (DPR) is 27.27%.

A number of brokerages have issued reports on BLL. Wells Fargo & Co downgraded Ball from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $68.00 to $72.00 in a report on Monday, August 5th. KeyCorp reiterated a “hold” rating on shares of Ball in a report on Friday, August 2nd. Citigroup increased their price objective on Ball from $81.00 to $86.00 and gave the company a “buy” rating in a report on Monday, August 5th. Morgan Stanley raised their target price on Ball from $71.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 6th. Finally, ValuEngine cut Ball from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. Ball currently has a consensus rating of “Hold” and an average target price of $63.46.

In related news, Director Stuart A. Taylor II sold 48,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $77.41, for a total transaction of $3,715,680.00. Following the completion of the sale, the director now directly owns 146,966 shares of the company’s stock, valued at $11,376,638.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John A. Hayes sold 9,775 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $78.54, for a total value of $767,728.50. Following the sale, the chairman now directly owns 447,742 shares of the company’s stock, valued at $35,165,656.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 137,974 shares of company stock worth $10,688,411. Corporate insiders own 1.80% of the company’s stock.

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.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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