Insider Selling: Jeff A. Knobel Unloads 4,800 Shares of Ball Stock (BLL)
Ball (NYSE:BLL) VP Jeff A. Knobel unloaded 4,800 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $64.03, for a total value of $307,344.00. Following the completion of the transaction, the vice president now directly owns 19,915 shares of the company’s stock, valued at approximately $1,275,157. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Ball (NYSE:BLL) traded up 1.76% on Tuesday, hitting $65.23. The stock had a trading volume of 1,349,971 shares. Ball has a 52 week low of $43.94 and a 52 week high of $64.91. The stock has a 50-day moving average of $63.11 and a 200-day moving average of $59.1. The company has a market cap of $9.030 billion and a P/E ratio of 19.09.
Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.03 by $0.10. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Analysts expect that Ball will post $3.86 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 16th. Shareholders of record on Tuesday, September 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, August 28th.
A number of analysts have recently weighed in on BLL shares. Analysts at Citigroup Inc. downgraded shares of Ball from a “buy” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $66.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Ball in a research note on Friday, August 1st. They now have a $64.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ball in a research note on Friday, August 1st. They now have a $63.00 price target on the stock, up previously from $60.00. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.56.
Ball Corporation (NYSE:BLL) is a supplier of metal packaging to the beverage, food, personal care and household products industries.
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