Russell Investments Group Ltd. decreased its position in Ball Co. (NYSE:BLL) by 21.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 85,186 shares of the industrial products company’s stock after selling 23,543 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ball were worth $3,017,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Ball by 32.3% during the 1st quarter. JPMorgan Chase & Co. now owns 22,174,838 shares of the industrial products company’s stock valued at $880,562,000 after acquiring an additional 5,409,589 shares during the last quarter. BlackRock Inc. increased its stake in shares of Ball by 0.9% during the 1st quarter. BlackRock Inc. now owns 21,517,763 shares of the industrial products company’s stock valued at $854,472,000 after acquiring an additional 194,319 shares during the last quarter. Cooke & Bieler LP increased its stake in shares of Ball by 22.0% during the 2nd quarter. Cooke & Bieler LP now owns 2,738,645 shares of the industrial products company’s stock valued at $97,359,000 after acquiring an additional 493,258 shares during the last quarter. Frontier Capital Management Co. LLC increased its stake in shares of Ball by 0.6% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,709,001 shares of the industrial products company’s stock valued at $96,305,000 after acquiring an additional 16,785 shares during the last quarter. Finally, SPF Beheer BV increased its stake in shares of Ball by 22.0% during the 1st quarter. SPF Beheer BV now owns 2,215,754 shares of the industrial products company’s stock valued at $87,988,000 after acquiring an additional 400,231 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

BLL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. Citigroup dropped their price objective on shares of Ball from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Tuesday, July 10th. TheStreet raised shares of Ball from a “c+” rating to a “b-” rating in a research note on Wednesday, August 1st. ValuEngine upgraded Ball from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $47.00 target price on shares of Ball in a report on Monday, August 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.23.

In other Ball news, VP Scott C. Morrison sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $44.40, for a total value of $1,110,000.00. Following the completion of the transaction, the vice president now owns 30,392 shares in the company, valued at approximately $1,349,404.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman John A. Hayes sold 96,667 shares of the company’s stock in a transaction that occurred 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 transaction, the chairman now owns 471,228 shares of the company’s stock, valued at approximately $20,262,804. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Shares of NYSE:BLL traded up $0.65 during trading on Friday, reaching $44.16. 3,882,913 shares of the stock were exchanged, compared to its average volume of 2,939,301. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.92 and a current ratio of 1.23. Ball Co. has a 12-month low of $34.71 and a 12-month high of $46.69. The stock has a market capitalization of $15.13 billion, a P/E ratio of 21.65, a PEG ratio of 3.56 and a beta of 0.89.

Ball (NYSE:BLL) last released its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Ball had a return on equity of 19.93% and a net margin of 4.12%. Ball’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts predict that Ball Co. will post 2.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Friday, August 31st. Ball’s dividend payout ratio is presently 19.61%.

Ball Company Profile

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.

Recommended Story: How Do You Make Money With Penny Stocks?

Institutional Ownership by Quarter for Ball (NYSE:BLL)

Receive News & Ratings for Ball Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball and related companies with MarketBeat.com's FREE daily email newsletter.