Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,655 shares of Ball Corporation stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $41.19, for a total transaction of $232,929.45. Following the completion of the sale, the chairman now directly owns 407,575 shares of the company’s stock, valued at $16,788,014.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Ball Corporation (BLL) traded down 0.304% during trading on Tuesday, hitting $41.045. 1,543,922 shares of the company’s stock were exchanged. Ball Corporation has a 1-year low of $34.89 and a 1-year high of $43.06. The stock’s 50 day moving average is $42.07 and its 200 day moving average is $39.03. The firm has a market capitalization of $14.41 billion, a PE ratio of 30.539 and a beta of 0.95.

Ball Corporation (NYSE:BLL) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.05 EPS. On average, equities research analysts forecast that Ball Corporation will post $2.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.97%. Ball Corporation’s dividend payout ratio is presently 78.43%.

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Several research firms have commented on BLL. Barclays PLC lifted their target price on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday. BidaskClub cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $47.00 target price (up from $44.00) on shares of Ball Corporation in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $50.00 target price (up from $47.00) on shares of Ball Corporation in a research note on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Ball Corporation presently has a consensus rating of “Hold” and a consensus price target of $44.28.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cleararc Capital Inc. raised its position in Ball Corporation by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock valued at $319,000 after buying an additional 38 shares in the last quarter. Fifth Third Bancorp raised its position in Ball Corporation by 2.1% in the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock valued at $271,000 after buying an additional 75 shares in the last quarter. Creative Planning raised its position in Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock valued at $202,000 after buying an additional 86 shares in the last quarter. HCR Wealth Advisors raised its position in Ball Corporation by 2.1% in the first quarter. HCR Wealth Advisors now owns 4,902 shares of the industrial products company’s stock valued at $344,000 after buying an additional 101 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in Ball Corporation by 0.8% in the first quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock valued at $1,055,000 after buying an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 46.59% of the company’s stock.

Ball Corporation Company Profile

Ball Corporation is a supplier of metal packaging to the beverage, food, personal care and household products industries. The Company’s packaging products are produced for a range of end uses and are manufactured in facilities around the world. Its segments include beverage packaging, North and Central America; beverage packaging, South America; beverage packaging, Europe; food and aerosol packaging; aerospace, and other.

Insider Buying and Selling by Quarter for Ball Corporation (NYSE:BLL)

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