Top 5 Stock Picks of Billionaire Richard Chilton

2. Ball Corporation (NYSE:BLL)

Chilton Investment Company’s Stake Value: $346,597,000

Percentage of Chilton Investment Company’s 13F Portfolio: 7.28%

Number of Hedge Fund Holders: 32

Ball Corporation (NYSE:BLL) was founded in 1880 and is headquartered in Westminster, Colorado. The company offers aluminum packaging to the beverage, personal care, and household products industries. Richard Chilton held 3.60 million shares of Ball Corporation (NYSE:BLL) in the fourth quarter of 2021, worth $346.5 million, representing 7.28% of the total 13F portfolio. 

On April 27, Ball Corporation (NYSE:BLL) declared a $0.20 per share quarterly dividend, in line with previous. The dividend is payable on June 15, to shareholders of record on June 1. 

Deutsche Bank analyst Kyle White on April 18 maintained a Buy recommendation on Ball Corporation (NYSE:BLL) but lowered the firm’s price target on the shares to $98 from $102.

According to Insider Monkey’s Q4 data, 32 hedge funds were bullish on Ball Corporation (NYSE:BLL), up from 27 funds in the prior quarter. The total stakes held in the fourth quarter amounted to $956 million, compared to $1.45 billion in the earlier quarter. Greg Poole’s Echo Street Capital Management held a prominent position in the company, with more than 1 million shares worth $100.2 million. 

Here is what ClearBridge Investments has to say about Ball Corporation (NYSE:BALL) in its Q1 2021 investor letter:

“Aluminum beverage and food container manufacturer Ball Corp, meanwhile, delivered fourth-quarter operating income slightly lower than consensus, though this was mainly attributable to higher startup costs for large new facilities coming online in North America. These investments and additional capacity projects will contribute to strong volume growth globally, however. Aluminum cans are infinitely recyclable and offer the best replacement product for single-use plastic beverage containers, in our view. They are more likely to be recycled than single-use plastic and are more energy efficient in production as well.”