Ball Corporation (BLL) loses confidence of 53 hedge fund managers

Ball Corporation (NYSE:BLL) is on recovery track with 26.22% gain from a 1-year low price of $34.71. The company added 1.41% to attain the price of $43.81 on September 13, 2018. Throughout the recent session, the prices were hovering between $43.32 and $43.96. These shares are 3.29% off its target price of $45.25 and the current market capitalization stands at $14.97B. The recent change has given its price a 9.83% lead over SMA 50 and 0.76% lead over its 52-week high. The stock witnessed 10.35% gains, 18.79% gains and 6.93% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BLL’s volatility during a week at 1.56% and during a month it has been found around 1.36%.

Ball Corporation (BLL) Top Holders

Institutional investors currently hold around $13.1 billion or 88.3% in BLL stock. Look at its top three institutional owners. Vanguard Group Inc owns $1.59 billion in Ball Corporation, which represents roughly 10.64% of the company’s market cap and approximately 12.15% of the institutional ownership. Similar statistics are true for the second largest owner, Price T Rowe Associates Inc /Md/, which owns 27,687,693 shares of the stock are valued at $1.2 billion. The third largest holder is Jpmorgan Chase & Co, which currently holds $953.64 million worth of this stock and that ownership represents nearly 6.37% of its market capitalization.

Ball Corporation 13F Filings

At the end of June reporting period, 216 institutional holders increased their position in Ball Corporation (NYSE:BLL) by some 22,365,568 shares, 220 decreased positions by 26,985,315 and 84 held positions by 254,000,000. That puts total institutional holdings at 303,000,000 shares, according to SEC filings. The stock grabbed 55 new institutional investments totaling 3,039,768 shares while 53 institutional investors sold out their entire positions totaling 6,766,862 shares.

Ball Corporation (NYSE:BLL) Insider Trades

Multiple company employees have indulged in significant insider trading. Ball Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CHAIRMAN, PRESIDENT & C.E.O. Hayes John A has sold 96,667 shares of Ball Corporation (BLL) in trading session dated Sep. 10, 2018. These shares are worth $4,160,000 and were traded at $43 each. The SEC filing shows that Morrison Scott C performed a sale of 2,143 shares. The SR. V.P. and C.F.O. disposed these shares by way of transaction on Jun. 20, 2018. The company’s shares were given away at $35.8 per share worth to an income of some $76,700 on account of Morrison Scott C.

SR. V.P. and C.F.O., Morrison Scott C, sold 2,167 common shares of Ball Corporation (BLL) in the open market. In a transaction dated May. 18, 2018, the shares were put up for sale at an average price of $37.8, raking in a sum of $81,900. After this sale, 416,625 common shares of BLL are directly owned by the insider, with total stake valued at $18,300,000.

In the transaction dated Apr. 19, 2018, the great number of shares disposed came courtesy the SR. V.P. and C.F.O.; Morrison Scott C disposed a total of 2,225 shares at an average price of $41.18, amounting to approximately $91,600. The insider now directly owns 416,625 shares worth $18,300,000.

Ball Corporation (BLL) Analyst Guide

Several analysts have released their opinion on Ball Corporation (NYSE:BLL), with 9 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.42 average brokerage recommendation.