MetLife Investment Advisors LLC Takes $3.66 Million Position in Ball Co. (NYSE:BLL)

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MetLife Investment Advisors LLC purchased a new position in shares of Ball Co. (NYSE:BLL) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,808 shares of the industrial products company’s stock, valued at approximately $3,655,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Adviser Investments LLC acquired a new position in shares of Ball in the second quarter valued at approximately $106,000. Piedmont Investment Advisors LLC acquired a new position in Ball during the second quarter worth $145,000. Creative Planning acquired a new position in Ball during the second quarter worth $215,000. TLP Group LLC boosted its holdings in 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 acquired a new position in Ball during the first quarter worth $280,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Ball from a “sell” rating to a “hold” rating in a report on Wednesday. UBS Group set a $52.00 price target on shares of Ball and gave the stock a “buy” rating in a research report on Friday, October 5th. Deutsche Bank set a $51.00 price target on shares of Ball and gave the stock a “buy” rating in a research report on Thursday, October 4th. BMO Capital Markets reissued an “outperform” rating and issued a $52.00 price objective on shares of Ball in a research report on Thursday, October 4th. Finally, Robert W. Baird increased their price objective on shares of Ball from $47.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $47.23.

In related news, Chairman John A. Hayes sold 96,667 shares of the firm’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $43.00, for a total value of $4,156,681.00. Following the completion of the transaction, the chairman now owns 471,228 shares in the company, valued at approximately $20,262,804. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Scott C. Morrison sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the completion of the transaction, the vice president now owns 30,392 shares of the company’s stock, 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.

Ball stock traded up $0.65 during trading hours on Friday, reaching $44.16. 3,882,913 shares of the stock were exchanged, compared to its average volume of 2,939,301. Ball Co. has a twelve month low of $34.71 and a twelve month high of $46.69. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 21.65, a PEG ratio of 3.56 and a beta of 0.89.

Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. Ball had a net margin of 4.12% and a return on equity of 19.93%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the company posted $0.53 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Ball Co. will post 2.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were paid a $0.10 dividend. The ex-dividend date was Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. Ball’s payout ratio is currently 19.61%.

Ball Profile

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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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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