Ball Co. (BLL) VP Scott C. Morrison Sells 2,591 Shares

Ball Co. (NYSE:BLL) VP Scott C. Morrison sold 2,591 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $38.62, for a total transaction of $100,064.42. Following the transaction, the vice president now directly owns 390,052 shares of the company’s stock, valued at approximately $15,063,808.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Ball Co. (BLL) traded down $0.25 during midday trading on Friday, reaching $38.79. 3,354,400 shares of the company were exchanged, compared to its average volume of 3,111,183. The company has a market capitalization of $13,520.00, a PE ratio of 52.42, a P/E/G ratio of 3.18 and a beta of 0.97. Ball Co. has a twelve month low of $35.65 and a twelve month 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 posted its 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 business had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.91 billion. Ball had a net margin of 2.13% and a return on equity of 18.31%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS. equities analysts predict that Ball Co. will post 1.95 EPS for the current year.

A number of research analysts have recently commented on the stock. Vertical Research raised shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Friday, December 15th. They noted that the move was a valuation call. TheStreet lowered shares of Ball from a “b-” rating to a “c+” rating in a research report on Thursday, December 14th. KeyCorp lowered shares of Ball from a “sector weight” rating to an “underweight” rating and cut their price objective for the company from $40.81 to $36.00 in a research report on Friday, December 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, UBS Group assumed coverage on shares of Ball in a research report on Monday, October 23rd. They set a “buy” rating and a $50.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.00.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in Ball 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 acquiring an additional 2,437 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in Ball by 63.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,881 shares of the industrial products company’s stock valued at $147,000 after acquiring an additional 1,500 shares during the period. Howe & Rusling Inc. bought a new stake in Ball in the third quarter valued at about $182,000. Dai Ichi Life Insurance Company Ltd bought a new stake in Ball in the third quarter valued at about $209,000. Finally, DF Dent & Co. Inc. bought a new stake in Ball in the third quarter valued at about $224,000. 89.51% of the stock is currently owned by institutional investors and hedge funds.

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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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