Wellington Management Group LLP Sells 1,048,635 Shares of Ball Co. (NYSE:BLL)

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Wellington Management Group LLP cut its position in shares of Ball Co. (NYSE:BLL) by 10.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,235,757 shares of the industrial products company’s stock after selling 1,048,635 shares during the quarter. Wellington Management Group LLP owned approximately 2.83% of Ball worth $597,183,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BLL. Quadrant Capital Group LLC increased its position in shares of Ball by 117.6% during the 4th quarter. Quadrant Capital Group LLC now owns 494 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 267 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Ball by 108.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 38,692 shares of the industrial products company’s stock valued at $2,502,000 after purchasing an additional 20,115 shares during the last quarter. Advisory Services Network LLC increased its position in shares of Ball by 90.5% during the 4th quarter. Advisory Services Network LLC now owns 7,976 shares of the industrial products company’s stock valued at $516,000 after purchasing an additional 3,790 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Ball by 6.8% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 64,538 shares of the industrial products company’s stock valued at $4,180,000 after purchasing an additional 4,114 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Ball by 3.0% during the 4th quarter. Rhumbline Advisers now owns 622,809 shares of the industrial products company’s stock valued at $40,277,000 after purchasing an additional 18,254 shares during the last quarter. Hedge funds and other institutional investors own 81.00% of the company’s stock.

Several equities analysts recently issued reports on BLL shares. Citigroup reduced their price target on Ball from $92.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. KeyCorp restated a “hold” rating on shares of Ball in a research report on Thursday, May 7th. Goldman Sachs Group upgraded Ball from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $77.00 to $68.00 in a research report on Monday, March 23rd. Barclays reduced their price target on Ball from $82.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Ball from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $79.00.

In other news, VP Jeff A. Knobel sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $72.98, for a total value of $2,554,300.00. Following the completion of the transaction, the vice president now owns 65,425 shares in the company, valued at approximately $4,774,716.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Scott C. Morrison sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $75.09, for a total value of $1,501,800.00. Following the completion of the transaction, the vice president now owns 400,956 shares of the company’s stock, valued at approximately $30,107,786.04. The disclosure for this sale can be found here. Company insiders own 1.70% of the company’s stock.

NYSE BLL traded down $4.86 on Thursday, hitting $67.96. The company’s stock had a trading volume of 101,573 shares, compared to its average volume of 2,478,436. Ball Co. has a 52-week low of $51.26 and a 52-week high of $82.82. The company has a current ratio of 1.06, a quick ratio of 0.72 and a debt-to-equity ratio of 2.77. The company’s 50-day simple moving average is $66.85 and its 200 day simple moving average is $67.90. The firm has a market cap of $24.15 billion, a P/E ratio of 49.48, a PEG ratio of 5.55 and a beta of 0.51.

Ball (NYSE:BLL) last released its earnings results on Thursday, May 7th. The industrial products company reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. The company had revenue of $2.79 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball had a return on equity of 28.11% and a net margin of 4.11%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. On average, research analysts forecast that Ball Co. will post 2.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 29th. Ball’s payout ratio is presently 23.72%.

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.

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Institutional Ownership by Quarter for Ball (NYSE:BLL)

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