BB&T Securities LLC Purchases 2,843 Shares of Ball Co. (BLL)

BB&T Securities LLC raised its position in shares of Ball Co. (NYSE:BLL) by 7.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 42,598 shares of the industrial products company’s stock after buying an additional 2,843 shares during the quarter. BB&T Securities LLC’s holdings in Ball were worth $1,759,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in Ball by 100.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,225 shares during the period. Tower Research Capital LLC TRC lifted its position in Ball by 5,297.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after buying an additional 2,437 shares during the period. Korea Investment CORP lifted its position in Ball by 385.5% during the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after buying an additional 2,448 shares during the period. First Personal Financial Services lifted its position in Ball by 100.0% during the second quarter. First Personal Financial Services now owns 3,594 shares of the industrial products company’s stock valued at $152,000 after buying an additional 1,797 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Ball by 100.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,123 shares of the industrial products company’s stock valued at $174,000 after buying an additional 2,061 shares during the period. 89.40% of the stock is owned by institutional investors and hedge funds.

In other Ball news, VP Jeff A. Knobel sold 5,218 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $40.12, for a total value of $209,346.16. Following the completion of the transaction, the vice president now owns 68,138 shares of the company’s stock, valued at approximately $2,733,696.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Lisa Ann Pauley sold 17,090 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $40.79, for a total value of $697,101.10. Following the completion of the transaction, the senior vice president now directly owns 108,923 shares of the company’s stock, valued at approximately $4,442,969.17. The disclosure for this sale can be found here. In the last three months, insiders sold 33,622 shares of company stock valued at $1,377,479. 2.70% of the stock is owned by insiders.

Ball Co. (NYSE:BLL) opened at $40.79 on Wednesday. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.04 and a quick ratio of 0.66. The stock has a market capitalization of $14,229.76, a PE ratio of 21.80, a PEG ratio of 3.79 and a beta of 0.96. Ball Co. has a 52-week low of $35.65 and a 52-week high of $43.24.

Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. Ball’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 EPS. research analysts expect that Ball Co. will post 1.95 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, November 30th. Ball’s dividend payout ratio (DPR) is 62.50%.

Several equities analysts have commented on BLL shares. Zacks Investment Research lowered Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. BidaskClub lowered Ball from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 price target on shares of Ball in a research report on Thursday, October 12th. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research report on Thursday, November 2nd. Finally, Royal Bank Of Canada assumed coverage on Ball in a research report on Monday, October 9th. They issued an “outperform” rating and a $46.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $45.58.

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Ball Company Profile

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Institutional Ownership by Quarter for Ball (NYSE:BLL)

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