Toronto Dominion Bank Raises Position in Ball Co. (BLL)

Toronto Dominion Bank boosted its position in shares of Ball Co. (NYSE:BLL) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,301 shares of the industrial products company’s stock after purchasing an additional 17,182 shares during the period. Toronto Dominion Bank’s holdings in Ball were worth $5,688,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of BLL. Calton & Associates Inc. purchased a new stake in shares of Ball in the 4th quarter valued at approximately $125,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of Ball by 63.0% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 1,500 shares during the period. Dupont Capital Management Corp purchased a new stake in shares of Ball in the 4th quarter valued at approximately $164,000. Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Ball in the third quarter valued at approximately $209,000. Finally, DF Dent & Co. Inc. acquired a new position in shares of Ball in the third quarter valued at approximately $224,000. 87.86% of the stock is currently owned by institutional investors.

Ball Co. (BLL) traded down $0.68 during mid-day trading on Wednesday, reaching $40.94. 2,173,048 shares of the company traded hands, compared to its average volume of 3,630,000. Ball Co. has a 1 year low of $35.60 and a 1 year high of $43.24. The stock has a market cap of $14,350.00, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 3.29 and a beta of 0.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.54 and a current ratio of 0.92.

Ball (NYSE:BLL) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.64 billion. Ball had a net margin of 3.63% and a return on equity of 19.24%. Ball’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. research analysts anticipate that Ball Co. will post 2.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. Ball’s payout ratio is currently 31.01%.

BLL has been the subject of several analyst reports. TheStreet upgraded shares of Ball from a “c+” rating to a “b-” rating in a report on Tuesday, March 6th. Citigroup upgraded shares of Ball from a “neutral” rating to a “buy” rating and set a $45.00 price target for the company in a report on Wednesday, January 17th. Vertical Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Friday, December 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Ball from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price target for the company in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $45.62.

In other news, Director R David Hoover sold 2,200 shares of the stock in a transaction dated Thursday, March 8th. The shares were sold at an average price of $40.71, for a total value of $89,562.00. Following the completion of the transaction, the director now owns 194,594 shares in the company, valued at approximately $7,921,921.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman John A. Hayes sold 6,782 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $38.61, for a total transaction of $261,853.02. Following the completion of the transaction, the chairman now owns 398,485 shares of the company’s stock, valued at approximately $15,385,505.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,677 shares of company stock valued at $1,867,290. 2.70% of the stock is owned by insiders.

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About Ball

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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