Toews Corp ADV Acquires Shares of 12,100 Ball Co. (NYSE:BLL)

Toews Corp ADV acquired a new stake in shares of Ball Co. (NYSE:BLL) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 12,100 shares of the industrial products company’s stock, valued at approximately $1,006,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BLL. BlackRock Inc. lifted its holdings in shares of Ball by 0.8% in the 3rd quarter. BlackRock Inc. now owns 25,067,919 shares of the industrial products company’s stock valued at $2,083,646,000 after acquiring an additional 187,132 shares during the last quarter. Winslow Capital Management LLC lifted its stake in Ball by 15.6% in the second quarter. Winslow Capital Management LLC now owns 3,530,256 shares of the industrial products company’s stock worth $245,318,000 after purchasing an additional 475,256 shares during the last quarter. Chilton Investment Co. LLC lifted its stake in Ball by 3.0% in the third quarter. Chilton Investment Co. LLC now owns 3,280,621 shares of the industrial products company’s stock worth $272,685,000 after purchasing an additional 96,000 shares during the last quarter. California Public Employees Retirement System lifted its stake in Ball by 4.6% in the second quarter. California Public Employees Retirement System now owns 2,714,800 shares of the industrial products company’s stock worth $188,651,000 after purchasing an additional 119,171 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Ball by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,490,427 shares of the industrial products company’s stock worth $173,061,000 after purchasing an additional 12,547 shares during the last quarter. 73.60% of the stock is owned by institutional investors and hedge funds.

BLL stock traded down $0.66 during trading on Friday, hitting $97.25. 2,933,559 shares of the company’s stock traded hands, compared to its average volume of 2,106,446. The firm has a market capitalization of $31.81 billion, a P/E ratio of 62.74, a PEG ratio of 6.59 and a beta of 0.45. The business has a fifty day simple moving average of $91.44 and a two-hundred day simple moving average of $77.92. The company has a quick ratio of 0.72, a current ratio of 1.07 and a debt-to-equity ratio of 2.60. Ball Co. has a 1 year low of $51.26 and a 1 year high of $102.76.

Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, November 5th. The industrial products company reported $0.89 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.12. The company had revenue of $3.09 billion for the quarter, compared to analyst estimates of $3.01 billion. Ball had a net margin of 4.54% and a return on equity of 33.14%. Ball’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. On average, equities research analysts predict that Ball Co. will post 2.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.62%. The ex-dividend date is Monday, November 30th. Ball’s payout ratio is 23.72%.

In other Ball news, VP Robert D. Strain sold 7,887 shares of Ball stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $77.41, for a total value of $610,532.67. Following the transaction, the vice president now directly owns 69,978 shares of the company’s stock, valued at $5,416,996.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Daniel William Fisher sold 3,400 shares of Ball stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $95.52, for a total transaction of $324,768.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 65,559 shares of company stock worth $6,114,880. 1.70% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on BLL. Barclays raised their price objective on shares of Ball from $80.00 to $88.00 in a research note on Wednesday, October 7th. Wells Fargo & Company raised their price objective on shares of Ball from $80.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 10th. Robert W. Baird raised their price objective on shares of Ball from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 7th. JPMorgan Chase & Co. raised their price objective on shares of Ball from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Friday, September 18th. Finally, BMO Capital Markets raised shares of Ball from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $70.00 to $107.00 in a research report on Thursday, October 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $98.67.

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.

Read More: What is the market perform rating?

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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