Trade Report: Today: JPMorgan Chase & Co. Reached $455,814,000 position of Ball Corp. (BLL)

Today: JPMorgan Chase & Co. Reached $455,814,000 position  of Ball Corp. (BLL)

JPMorgan Chase & Co. increased its stake in shares of Ball Corp. (NYSE:BLL) by 3.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,562,098 shares of the company’s stock after buying an additional 160,168 shares during the period. JPMorgan Chase & Co. owned 3.19% of Ball Corp. worth $455,814,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BLL. Vanguard Group Inc. raised its stake in Ball Corp. by 11.7% in the second quarter. Vanguard Group Inc. now owns 13,856,473 shares of the company’s stock valued at $1,001,685,000 after buying an additional 1,452,558 shares during the last quarter. FMR LLC raised its stake in Ball Corp. by 16.2% in the second quarter. FMR LLC now owns 6,345,042 shares of the company’s stock valued at $458,683,000 after buying an additional 885,627 shares during the last quarter. State Street Corp raised its stake in Ball Corp. by 8.6% in the second quarter. State Street Corp now owns 6,003,676 shares of the company’s stock valued at $434,001,000 after buying an additional 476,837 shares during the last quarter. Senator Investment Group LP raised its stake in Ball Corp. by 4.0% in the second quarter. Senator Investment Group LP now owns 5,353,839 shares of the company’s stock valued at $387,029,000 after buying an additional 203,839 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in Ball Corp. by 15.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,326,821 shares of the company’s stock valued at $312,786,000 after buying an additional 588,372 shares during the last quarter. 81.93% of the stock is owned by institutional investors and hedge funds.

Shares of Ball Corp. (NYSE:BLL) traded up 0.58% during mid-day trading on Monday, reaching $77.50. The company’s stock had a trading volume of 247,736 shares. The stock has a 50 day moving average of $78.10 and a 200-day moving average of $75.84. The stock has a market cap of $13.55 billion, a P/E ratio of 44.44 and a beta of 1.05. Ball Corp. has a one year low of $62.30 and a one year high of $82.24.

Ball Corp. (NYSE:BLL) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.01. Ball Corp. had a return on equity of 20.89% and a net margin of 3.54%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. On average, equities research analysts expect that Ball Corp. will post $3.46 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Tuesday, November 29th. Ball Corp.’s dividend payout ratio (DPR) is 25.62%.

Several brokerages have recently weighed in on BLL. JPMorgan Chase & Co. increased their price target on Ball Corp. from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 5th. Zacks Investment Research downgraded Ball Corp. from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Vertical Research downgraded Ball Corp. from a “buy” rating to a “hold” rating in a report on Friday, August 5th. TheStreet upgraded Ball Corp. from a “hold” rating to a “buy” rating in a report on Thursday, August 4th. Finally, Citigroup Inc. increased their price target on Ball Corp. from $77.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. Ball Corp. presently has an average rating of “Buy” and a consensus price target of $85.29.

Ball Corp. Company Profile

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