Ball (BLL) Market Value Rose While Cannell Peter B & Company Cut Its Stake by $10.82 Million; Metlife (MET) Market Valuation Declined While Altfest L J & Company Has Cut by $793,300 Its Stake

April 22, 2018 - By Ellis Scott

MetLife, Inc. (NYSE:MET) Logo

J. Carlo Cannell decreased its stake in Ball Corp (BLL) by 36.95% based on its latest 2017Q4 regulatory filing with the SEC. Cannell Peter B & Company Inc sold 292,493 shares as the company’s stock rose 3.21% while stock markets declined. The hedge fund run by J. Carlo Cannell held 499,027 shares of the containers and packaging company at the end of 2017Q4, valued at $18.89 million, down from 791,520 at the end of the previous reported quarter. Cannell Peter B & Company Inc who had been investing in Ball Corp for a number of months, seems to be less bullish one the $14.26 billion market cap company. The stock decreased 0.61% or $0.25 during the last trading session, reaching $40.67. About 2.01 million shares traded. Ball Corporation (NYSE:BLL) has risen 6.31% since April 22, 2017 and is uptrending. It has underperformed by 5.24% the S&P500.

Altfest L J & Company Inc decreased its stake in Metlife Inc. (MET) by 73.87% based on its latest 2017Q4 regulatory filing with the SEC. Altfest L J & Company Inc sold 15,866 shares as the company’s stock declined 10.38% with the market. The institutional investor held 5,612 shares of the finance company at the end of 2017Q4, valued at $284,000, down from 21,478 at the end of the previous reported quarter. Altfest L J & Company Inc who had been investing in Metlife Inc. for a number of months, seems to be less bullish one the $49.23B market cap company. The stock increased 0.11% or $0.05 during the last trading session, reaching $47.49. About 4.38 million shares traded. MetLife, Inc. (NYSE:MET) has declined 1.24% since April 22, 2017 and is downtrending. It has underperformed by 12.79% the S&P500.

Since January 5, 2018, it had 1 buy, and 10 insider sales for $1.64 million activity. 2,591 shares were sold by MORRISON SCOTT C, worth $100,065 on Friday, January 19. 2,200 shares were sold by HOOVER R DAVID, worth $89,562. HAYES JOHN A also sold $261,823 worth of Ball Corporation (NYSE:BLL) on Friday, January 5. STRAIN ROBERT D sold $98,900 worth of stock or 2,500 shares. On Tuesday, February 27 Fisher Daniel William bought $360,900 worth of Ball Corporation (NYSE:BLL) or 9,000 shares. Pauley Lisa Ann had sold 7,017 shares worth $272,890 on Thursday, February 15.

Investors sentiment decreased to 1.31 in 2017 Q4. Its down 0.03, from 1.34 in 2017Q3. It dived, as 33 investors sold BLL shares while 129 reduced holdings. 75 funds opened positions while 138 raised stakes. 292.68 million shares or 3.20% less from 302.34 million shares in 2017Q3 were reported. Btim Corporation stated it has 0.03% in Ball Corporation (NYSE:BLL). Art Advsrs Ltd invested in 122,500 shares. Ascend Cap Ltd Liability Com holds 0.82% or 574,235 shares. Pdts Ptnrs Ltd Llc, New York-based fund reported 448,439 shares. Stanley holds 0.96% or 117,302 shares. Utd Fin Advisers Ltd Liability Corp accumulated 415,135 shares. Mason Street Advisors Ltd has 48,760 shares for 0.04% of their portfolio. Exxonmobil Investment Tx holds 0.06% of its portfolio in Ball Corporation (NYSE:BLL) for 55,660 shares. Eaton Vance Management reported 0.14% stake. Stratos Wealth Partners Limited holds 0% or 1,154 shares in its portfolio. Jane Street Group Limited Liability Company has invested 0% in Ball Corporation (NYSE:BLL). Nevada-based Whittier Trust Co Of Nevada has invested 0% in Ball Corporation (NYSE:BLL). Mgmt Limited Liability Corporation owns 0.17% invested in Ball Corporation (NYSE:BLL) for 55,579 shares. Pnc Fin Serv Group Inc reported 218,203 shares. Invesco has invested 0.02% in Ball Corporation (NYSE:BLL).

Cannell Peter B & Company Inc, which manages about $3.77 billion and $2.91B US Long portfolio, upped its stake in Tiffany & Co (NYSE:TIF) by 14,820 shares to 247,297 shares, valued at $25.71M in 2017Q4, according to the filing. It also increased its holding in Golar Lng Partners Lp (NASDAQ:GMLP) by 539,275 shares in the quarter, for a total of 1.13M shares, and has risen its stake in Neurotrope Inc.

Analysts await Ball Corporation (NYSE:BLL) to report earnings on May, 3 before the open. They expect $0.42 EPS, up 10.53% or $0.04 from last year’s $0.38 per share. BLL’s profit will be $147.23 million for 24.21 P/E if the $0.42 EPS becomes a reality. After $0.60 actual EPS reported by Ball Corporation for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.

Among 14 analysts covering Ball Corporation (NYSE:BLL), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Ball Corporation had 38 analyst reports since October 15, 2015 according to SRatingsIntel. The stock of Ball Corporation (NYSE:BLL) has “Hold” rating given on Thursday, April 13 by BMO Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, August 3. BMO Capital Markets maintained the stock with “Hold” rating in Friday, August 25 report. The rating was maintained by Robert W. Baird on Tuesday, October 10 with “Buy”. JP Morgan upgraded Ball Corporation (NYSE:BLL) on Thursday, March 31 to “Overweight” rating. Vertical Research downgraded the shares of BLL in report on Friday, August 5 to “Hold” rating. Citigroup upgraded the shares of BLL in report on Wednesday, January 17 to “Buy” rating. BMO Capital Markets maintained Ball Corporation (NYSE:BLL) rating on Friday, July 7. BMO Capital Markets has “Hold” rating and $39.5000 target. Vertical Research upgraded the stock to “Buy” rating in Friday, December 15 report. On Friday, February 3 the stock rating was upgraded by Vertical Research to “Buy”.

Analysts await MetLife, Inc. (NYSE:MET) to report earnings on May, 2 after the close. They expect $1.17 EPS, down 19.86% or $0.29 from last year’s $1.46 per share. MET’s profit will be $1.21B for 10.15 P/E if the $1.17 EPS becomes a reality. After $1.11 actual EPS reported by MetLife, Inc. for the previous quarter, Wall Street now forecasts 5.41% EPS growth.

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.13, from 0.89 in 2017Q3. It is positive, as 45 investors sold MET shares while 330 reduced holdings. 93 funds opened positions while 290 raised stakes. 782.94 million shares or 0.24% less from 784.85 million shares in 2017Q3 were reported. Burns J W Co Incorporated Ny holds 0.37% or 28,782 shares in its portfolio. Guardian Life Of America holds 0.04% or 3,443 shares. 12.22M were reported by National Bank Of Mellon. Andra Ap holds 0.07% or 58,800 shares. Diligent Investors Lc reported 21,785 shares stake. Leavell Investment Mgmt reported 0.06% stake. Jpmorgan Chase And Comm accumulated 24.76 million shares. Argyle Capital Mngmt Inc holds 0.97% of its portfolio in MetLife, Inc. (NYSE:MET) for 51,425 shares. Fukoku Mutual Life Ins Communication reported 297,050 shares stake. Covenant Multifamily Offices Ltd Llc reported 62,679 shares. Hap Trading Ltd invested in 185,691 shares. Moreover, Birmingham Cap Management Company Al has 0.26% invested in MetLife, Inc. (NYSE:MET). Ameritas Investment Prns Inc stated it has 0.05% in MetLife, Inc. (NYSE:MET). Profund Advsr Ltd Liability Corp reported 0.06% of its portfolio in MetLife, Inc. (NYSE:MET). Franklin Street Advisors Nc accumulated 153,841 shares.

Altfest L J & Company Inc, which manages about $263.36 million US Long portfolio, upped its stake in Lam Research Corp. (NASDAQ:LRCX) by 2,904 shares to 7,476 shares, valued at $1.38 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Telecommunications Services Etf (VOX) by 6,839 shares in the quarter, for a total of 12,152 shares, and has risen its stake in Ishares Msci South Korea Capped Etf (EWY).

Ball Corporation (NYSE:BLL) Institutional Positions Chart

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