New York State Common Retirement Fund Sells 21,042 Shares of Ball Co. (NYSE:BLL)

New York State Common Retirement Fund decreased its holdings in shares of Ball Co. (NYSE:BLL) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 899,179 shares of the industrial products company’s stock after selling 21,042 shares during the period. New York State Common Retirement Fund owned about 0.27% of Ball worth $58,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its holdings in Ball by 3.2% in the 2nd quarter. BlackRock Inc. now owns 22,850,210 shares of the industrial products company’s stock worth $1,599,286,000 after buying an additional 703,830 shares during the period. State Street Corp lifted its stake in Ball by 2.1% in the 3rd quarter. State Street Corp now owns 14,560,536 shares of the industrial products company’s stock worth $1,060,153,000 after purchasing an additional 294,229 shares in the last quarter. California Public Employees Retirement System lifted its stake in Ball by 9.1% in the 3rd quarter. California Public Employees Retirement System now owns 2,679,510 shares of the industrial products company’s stock worth $195,095,000 after purchasing an additional 224,189 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Ball by 23.6% in the 4th quarter. Russell Investments Group Ltd. now owns 1,553,789 shares of the industrial products company’s stock worth $100,444,000 after purchasing an additional 297,001 shares in the last quarter. Finally, SPF Beheer BV lifted its stake in Ball by 3.5% in the 4th quarter. SPF Beheer BV now owns 1,383,021 shares of the industrial products company’s stock worth $89,440,000 after purchasing an additional 46,733 shares in the last quarter. 81.86% of the stock is owned by hedge funds and other institutional investors.

Shares of BLL stock opened at $76.53 on Thursday. The stock has a market cap of $25.10 billion, a P/E ratio of 45.83, a PEG ratio of 4.77 and a beta of 0.62. Ball Co. has a 52 week low of $53.72 and a 52 week high of $82.82. The company has a quick ratio of 0.65, a current ratio of 0.88 and a debt-to-equity ratio of 2.10. The company’s fifty day simple moving average is $69.72 and its two-hundred day simple moving average is $71.11.

Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, February 6th. The industrial products company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.68 by $0.03. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.88 billion. Ball had a net margin of 4.93% and a return on equity of 25.14%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. On average, analysts anticipate that Ball Co. will post 2.93 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Friday, February 28th. Ball’s dividend payout ratio is 23.72%.

Several brokerages have commented on BLL. Wells Fargo & Co boosted their price target on shares of Ball from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, February 7th. Vertical Research upgraded shares of Ball from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Northland Securities began coverage on shares of Ball in a research note on Monday, December 2nd. They issued an “outperform” rating and a $82.00 price target on the stock. Citigroup decreased their price target on shares of Ball from $86.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, October 17th. Finally, Barclays reiterated a “hold” rating and issued a $82.00 price target on shares of Ball in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Ball currently has an average rating of “Hold” and a consensus target price of $79.01.

In other news, VP Jeff A. Knobel sold 6,782 shares of the company’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $63.38, for a total transaction of $429,843.16. Following the sale, the vice president now directly owns 71,140 shares in the company, valued at approximately $4,508,853.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman John A. Hayes sold 15,560 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $67.58, for a total transaction of $1,051,544.80. Following the sale, the chairman now owns 438,296 shares in the company, valued at $29,620,043.68. The disclosure for this sale can be found here. Insiders have sold a total of 65,055 shares of company stock worth $4,343,836 over the last 90 days. Corporate insiders own 1.80% of the company’s stock.

About Ball

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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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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