Ball Corporation (NYSE:BLL) VP Scott C. Morrison sold 13,249 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $40.35, for a total transaction of $534,597.15. Following the completion of the sale, the vice president now directly owns 392,091 shares of the company’s stock, valued at approximately $15,820,871.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of Ball Corporation (NYSE:BLL) traded down 0.79% during mid-day trading on Tuesday, hitting $40.32. 1,938,911 shares of the stock were exchanged. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 57.19 and a beta of 0.95. The stock’s 50-day moving average is $41.86 and its 200-day moving average is $59.76. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.55 by $0.02. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.05 EPS. Analysts forecast that Ball Corporation will post $2.03 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.99%. Ball Corporation’s dividend payout ratio is currently 78.43%.

COPYRIGHT VIOLATION WARNING: “Insider Selling: Ball Corporation (BLL) VP Sells 13,249 Shares of Stock” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/15/insider-selling-ball-corporation-bll-vp-sells-13249-shares-of-stock.html.

BLL has been the subject of a number of recent research reports. TheStreet raised shares of Ball Corporation from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Zacks Investment Research raised shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, July 4th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating and issued a $47.00 price objective on shares of Ball Corporation in a report on Sunday, June 25th. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ball Corporation currently has a consensus rating of “Hold” and a consensus target price of $44.05.

A number of institutional investors have recently modified their holdings of the stock. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Ball Corporation by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,225 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Ball Corporation by 5,297.8% in the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after buying an additional 2,437 shares in the last quarter. American Research & Management Co. boosted its position in shares of Ball Corporation by 100.0% in the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,400 shares in the last quarter. Pinnacle Bank purchased a new position in shares of Ball Corporation during the first quarter valued at approximately $126,000. Finally, Korea Investment CORP boosted its position in shares of Ball Corporation by 385.5% in the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after buying an additional 2,448 shares in the last quarter. 53.01% of the stock is owned by institutional investors.

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)

Receive News & Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related companies with MarketBeat.com's FREE daily email newsletter.