Ball Corporation (BLL) Chairman John A. Hayes Sells 5,545 Shares
Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,545 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total transaction of $220,302.85. Following the completion of the sale, the chairman now owns 412,834 shares of the company’s stock, valued at approximately $16,401,894.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Ball Corporation (NYSE BLL) traded down 0.05% on Thursday, hitting $39.98. 1,134,674 shares of the stock traded hands. The firm has a market capitalization of $14.06 billion, a PE ratio of 56.71 and a beta of 0.96. The firm’s 50 day moving average is $40.76 and its 200 day moving average is $39.50. 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 quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the company posted $1.05 earnings per share. The business’s revenue was up 40.6% compared to the same quarter last year. On average, analysts expect that Ball Corporation will post $2.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is currently 78.43%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Packer & Co Ltd raised its position in Ball Corporation by 100.0% during the second quarter. Packer & Co Ltd now owns 601,846 shares of the industrial products company’s stock worth $25,404,000 after acquiring an additional 300,923 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Ball Corporation by 184.5% during the second quarter. Lord Abbett & CO. LLC now owns 186,093 shares of the industrial products company’s stock worth $7,855,000 after acquiring an additional 120,689 shares in the last quarter. Sentry Investment Management LLC raised its position in Ball Corporation by 100.0% during the second quarter. Sentry Investment Management LLC now owns 13,808 shares of the industrial products company’s stock worth $583,000 after acquiring an additional 6,904 shares in the last quarter. Toronto Dominion Bank raised its position in Ball Corporation by 150.9% during the second quarter. Toronto Dominion Bank now owns 118,833 shares of the industrial products company’s stock worth $5,015,000 after acquiring an additional 71,465 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in Ball Corporation during the second quarter worth $493,000. 86.36% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, July 4th. ValuEngine upgraded shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 18th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price target (down previously from $50.00) on shares of Ball Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Vertical Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price target on the stock. in a research note on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. Ball Corporation currently has a consensus rating of “Hold” and an average target price of $44.05.
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.
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