John A. Hayes Sells 6,782 Shares of Ball Co. (BLL) Stock

Ball Co. (NYSE:BLL) Chairman John A. Hayes sold 6,782 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $38.61, for a total transaction of $261,853.02. Following the sale, the chairman now directly owns 398,485 shares of the company’s stock, valued at approximately $15,385,505.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ball Co. (NYSE BLL) traded up $0.24 during midday trading on Friday, reaching $38.59. The company’s stock had a trading volume of 2,379,794 shares, compared to its average volume of 2,496,627. The stock has a market cap of $13,450.00, a PE ratio of 52.15, a PEG ratio of 3.13 and a beta of 0.97. Ball Co. has a 52-week low of $35.65 and a 52-week high of $43.24. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04.

Ball (NYSE:BLL) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.07). The company had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Ball had a return on equity of 18.31% and a net margin of 2.13%. The firm’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. equities analysts anticipate that Ball Co. will post 1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date of this dividend was Thursday, November 30th. Ball’s dividend payout ratio is presently 54.05%.

BLL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, October 16th. Robert W. Baird reissued a “buy” rating and set a $45.00 target price on shares of Ball in a research report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Ball in a research report on Thursday, November 2nd. Royal Bank of Canada initiated coverage on shares of Ball in a research report on Monday, October 9th. They set an “outperform” rating and a $46.00 target price for the company. Finally, TheStreet downgraded shares of Ball from a “b-” rating to a “c+” rating in a research report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. Ball has a consensus rating of “Hold” and an average price target of $45.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tredje AP fonden boosted its holdings in Ball by 2.1% in the 2nd quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 230 shares during the period. Garcia Hamilton & Associates LP DE boosted its holdings in Ball by 9.6% in the 2nd quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock worth $360,000 after acquiring an additional 746 shares during the period. Chartwell Investment Partners LLC boosted its holdings in Ball by 5.0% in the 3rd quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock worth $1,277,000 after acquiring an additional 1,485 shares during the period. Aperio Group LLC boosted its holdings in Ball by 0.8% in the 3rd quarter. Aperio Group LLC now owns 180,150 shares of the industrial products company’s stock worth $7,440,000 after acquiring an additional 1,492 shares during the period. Finally, Janney Montgomery Scott LLC boosted its holdings in Ball by 5.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 31,447 shares of the industrial products company’s stock worth $1,299,000 after acquiring an additional 1,524 shares during the period. Hedge funds and other institutional investors own 89.48% of the company’s stock.

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Ball 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 (NYSE:BLL)

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