Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stake in Ball Co. (NYSE:BLL)
Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Ball Co. (NYSE:BLL) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,785 shares of the industrial products company’s stock after buying an additional 14,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Ball were worth $8,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC bought a new stake in shares of Ball during the second quarter worth $56,000. NEXT Financial Group Inc lifted its position in shares of Ball by 15.5% during the second quarter. NEXT Financial Group Inc now owns 4,188 shares of the industrial products company’s stock worth $293,000 after purchasing an additional 563 shares during the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Ball by 126.3% during the second quarter. Cornerstone Advisors Inc. now owns 887 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 495 shares during the last quarter. Pratt Collard Advisory Partners LLC bought a new stake in shares of Ball during the second quarter worth $226,000. Finally, IFM Investors Pty Ltd lifted its position in shares of Ball by 13.1% during the second quarter. IFM Investors Pty Ltd now owns 24,135 shares of the industrial products company’s stock worth $1,689,000 after purchasing an additional 2,802 shares during the last quarter. 81.98% of the stock is owned by institutional investors and hedge funds.
Shares of BLL stock traded up $0.85 on Friday, hitting $72.14. The stock had a trading volume of 1,897,647 shares, compared to its average volume of 2,203,335. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.77 and a current ratio of 1.09. The business has a 50 day moving average price of $68.95. The company has a market capitalization of $24.15 billion, a P/E ratio of 32.79, a PEG ratio of 4.99 and a beta of 0.81. Ball Co. has a one year low of $38.00 and a one year high of $72.42.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Ball’s payout ratio is currently 27.27%.
In other Ball news, Chairman John A. Hayes sold 9,523 shares of Ball stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $70.98, for a total value of $675,942.54. Following the transaction, the chairman now owns 437,979 shares in the company, valued at $31,087,749.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Scott C. Morrison sold 2,897 shares of Ball stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $63.06, for a total value of $182,684.82. Following the completion of the transaction, the vice president now owns 441,271 shares in the company, valued at approximately $27,826,549.26. The disclosure for this sale can be found here. Insiders sold 42,078 shares of company stock valued at $2,746,288 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.
BLL has been the subject of several research analyst reports. Vertical Research downgraded Ball from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Morgan Stanley reiterated a “top pick” rating on shares of in a research report on Wednesday, June 5th. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. Citigroup lifted their target price on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, KeyCorp reiterated a “hold” rating on shares of Ball in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $58.01.
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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