102,808 Shares in Ball Co. (NYSE:BLL) Acquired by MetLife Investment Advisors LLC
MetLife Investment Advisors LLC acquired a new position in shares of Ball Co. (NYSE:BLL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,808 shares of the industrial products company’s stock, valued at approximately $3,655,000.
Other institutional investors also recently added to or reduced their stakes in the company. Adviser Investments LLC acquired a new position in Ball during the second quarter worth $106,000. Piedmont Investment Advisors LLC bought a new stake in shares of Ball during the second quarter worth $145,000. Creative Planning bought a new stake in shares of Ball during the second quarter worth $215,000. TLP Group LLC grew its holdings in shares of Ball by 643,200.0% during the first quarter. TLP Group LLC now owns 6,433 shares of the industrial products company’s stock worth $255,000 after purchasing an additional 6,432 shares during the last quarter. Finally, Rampart Investment Management Company LLC bought a new stake in shares of Ball during the first quarter worth $280,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.
In other news, Chairman John A. Hayes sold 96,667 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $43.00, for a total transaction of $4,156,681.00. Following the sale, the chairman now owns 471,228 shares of the company’s stock, valued at $20,262,804. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Scott C. Morrison sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the vice president now directly owns 30,392 shares in the company, valued at approximately $1,349,404.80. The disclosure for this sale can be found here. Company insiders own 2.70% of the company’s stock.
BLL traded up $0.65 during midday trading on Friday, reaching $44.16. 3,882,913 shares of the company were exchanged, compared to its average volume of 2,939,301. The company has a current ratio of 1.23, a quick ratio of 0.92 and a debt-to-equity ratio of 1.79. Ball Co. has a one year low of $34.71 and a one year high of $46.69. The stock has a market cap of $15.13 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 3.56 and a beta of 0.89.
Ball (NYSE:BLL) last issued its earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $3.10 billion for 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%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.53 earnings per share. As a group, equities analysts forecast that Ball Co. will post 2.24 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date was Friday, August 31st. Ball’s dividend payout ratio is currently 19.61%.
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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