The Ball Corp. (BLL) Shares Bought by World Asset Management Inc

The Ball Corp. (BLL) Shares Bought by World Asset Management Inc

World Asset Management Inc boosted its position in shares of Ball Corp. (NYSE:BLL) by 8.8% during the third quarter, according to its most recent filing with the SEC. The fund owned 18,103 shares of the company’s stock after buying an additional 1,464 shares during the period. World Asset Management Inc’s holdings in Ball Corp. were worth $1,484,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Conning Inc. raised its stake in shares of Ball Corp. by 0.3% in the second quarter. Conning Inc. now owns 3,364 shares of the company’s stock valued at $243,000 after buying an additional 10 shares in the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Ball Corp. by 0.3% in the third quarter. Gateway Investment Advisers LLC now owns 9,496 shares of the company’s stock valued at $778,000 after buying an additional 26 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Ball Corp. by 2.0% in the second quarter. Baird Financial Group Inc. now owns 3,829 shares of the company’s stock valued at $273,000 after buying an additional 76 shares in the last quarter. DAVENPORT & Co LLC raised its stake in shares of Ball Corp. by 2.8% in the third quarter. DAVENPORT & Co LLC now owns 3,650 shares of the company’s stock valued at $299,000 after buying an additional 100 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in shares of Ball Corp. by 1.8% in the second quarter. Mackenzie Financial Corp now owns 9,676 shares of the company’s stock valued at $699,000 after buying an additional 167 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company’s stock.

Ball Corp. (NYSE:BLL) traded down 1.78% during midday trading on Thursday, reaching $75.61. The company had a trading volume of 641,542 shares. The company has a market capitalization of $13.22 billion, a PE ratio of 43.35 and a beta of 1.02. The stock has a 50-day moving average price of $75.97 and a 200 day moving average price of $76.89. Ball Corp. has a 12-month low of $62.30 and a 12-month high of $82.24.

Ball Corp. (NYSE:BLL) last issued its quarterly earnings results on Thursday, November 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01. Ball Corp. had a net margin of 3.54% and a return on equity of 20.89%. The company earned $2.80 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same quarter in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. Equities analysts forecast that Ball Corp. will post $3.46 EPS for the current year.

Several analysts recently commented on BLL shares. Zacks Investment Research raised Ball Corp. from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Wednesday, January 4th. Jefferies Group reissued a “buy” rating and issued a $93.00 price objective on shares of Ball Corp. in a research note on Thursday, December 22nd. Deutsche Bank AG started coverage on Ball Corp. in a research note on Monday, December 12th. They issued a “buy” rating and a $86.00 price objective on the stock. JPMorgan Chase & Co. set a $91.00 price objective on Ball Corp. and gave the stock a “buy” rating in a research note on Thursday, December 8th. Finally, Bank of America Corp. reissued a “buy” rating and issued a $90.00 price objective on shares of Ball Corp. in a research note on Thursday, September 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $85.63.

Ball Corp. Company Profile

Ball Corporation (Ball) 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. The Company operates in four segments: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.

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