Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,619 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $41.98, for a total transaction of $235,885.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Ball Corporation (NYSE BLL) traded down 0.24% during mid-day trading on Friday, hitting $41.93. 419,570 shares of the company were exchanged. Ball Corporation has a 12-month low of $35.65 and a 12-month high of $43.06. The company has a 50 day moving average of $40.43 and a 200 day moving average of $40.07. The stock has a market cap of $14.75 billion, a P/E ratio of 59.48 and a beta of 0.97.

Ball Corporation (NYSE:BLL) last released its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The business’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, equities research analysts expect that Ball Corporation will post $2.04 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.95%. Ball Corporation’s payout ratio is presently 78.43%.

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A number of research firms have commented on BLL. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price target (down from $50.00) on shares of Ball Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Ball Corporation in a research report on Wednesday. Finally, Barclays PLC boosted their target price on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Ball Corporation currently has an average rating of “Hold” and an average price target of $43.94.

Institutional investors have recently added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Ball Corporation by 100.0% in the 2nd 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 acquiring an additional 1,225 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Ball Corporation by 5,297.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock valued at $104,000 after acquiring an additional 2,437 shares during the period. American Research & Management Co. raised its position in shares of Ball Corporation by 100.0% in the 2nd quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 1,400 shares during the period. Korea Investment CORP raised its position in shares of Ball Corporation by 385.5% in the 2nd quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after acquiring an additional 2,448 shares during the period. Finally, Ledyard National Bank raised its position in shares of Ball Corporation by 520.0% in the 2nd quarter. Ledyard National Bank now owns 3,100 shares of the industrial products company’s stock valued at $131,000 after acquiring an additional 2,600 shares during the period. Institutional investors own 86.43% of the company’s stock.

About Ball Corporation

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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