Ball Corp (NYSE:BLL) Institutional Investor Sentiment Analysis

October 11, 2018 - By Marguerite Chambers

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Sentiment for Ball Corp (NYSE:BLL)

Ball Corp (NYSE:BLL) institutional sentiment increased to 1.05 in 2018 Q2. Its up 0.08, from 0.97 in 2018Q1. The ratio is better, as 180 institutional investors increased and opened new holdings, while 172 reduced and sold stock positions in Ball Corp. The institutional investors in our partner’s database now hold: 277.85 million shares, down from 285.90 million shares in 2018Q1. Also, the number of institutional investors holding Ball Corp in their top 10 holdings decreased from 8 to 6 for a decrease of 2. Sold All: 36 Reduced: 136 Increased: 124 New Position: 56.

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household industries. The company has market cap of $15.18 billion. It operates in five divisions: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace. It has a 35 P/E ratio. The Beverage Packaging, North and Central America segment makes and sells metal beverage containers to fillers of carbonated soft drinks, beer, energy drinks, and other beverages.

The stock increased 0.64% or $0.28 during the last trading session, reaching $44.14. About 2.08 million shares traded. Ball Corporation (NYSE:BLL) has risen 6.09% since October 11, 2017 and is uptrending. It has underperformed by 9.53% the S&P500.

Analysts await Ball Corporation (NYSE:BLL) to report earnings on November, 1. They expect $0.58 earnings per share, up 11.54 % or $0.06 from last year’s $0.52 per share. BLL’s profit will be $199.47M for 19.03 P/E if the $0.58 EPS becomes a reality. After $0.58 actual earnings per share reported by Ball Corporation for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Bain Capital Public Equity Management Llc holds 4.86% of its portfolio in Ball Corporation for 1.93 million shares. Spears Abacus Advisors Llc owns 878,704 shares or 4.06% of their US portfolio. Moreover, Chilton Investment Co Llc has 3.59% invested in the company for 2.87 million shares. The Connecticut-based Sasco Capital Inc Ct has invested 3.57% in the stock. Lodge Hill Capital Llc, a New York-based fund reported 1.24 million shares.

Since January 1, 0001, it had 0 insider buys, and 5 sales for $5.75 million activity.

Ball Corporation (NYSE:BLL) Ratings Coverage

Ratings analysis reveals 67% of Ball’s analysts are positive. Out of 3 Wall Street analysts rating Ball, 2 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $43 while the high is $50. The stock’s average target of $45.67 is 3.47% above today’s ($44.14) share price. BLL was included in 3 notes of analysts from July 10, 2018. The stock has “Equal-Weight” rating by Barclays Capital on Thursday, August 9. As per Tuesday, July 10, the company rating was maintained by Citigroup. The company was maintained on Monday, September 24 by Bank of America.

Another recent and important Ball Corporation (NYSE:BLL) news was published by which published an article titled: “Ball Corp. (BLL) to Cease Production at its Beverage Packaging Facility in San Martino, Italy” on October 11, 2018.

Ball Corporation (NYSE:BLL) Institutional Positions Chart

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