Ball Corp. (BLL) To Go Ex-Dividend on November 29th
Ball Corp. (NYSE:BLL) declared a quarterly dividend on Wednesday, October 26th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.13 per share on Thursday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, November 29th.
Ball Corp. (NYSE:BLL) opened at 77.05 on Monday. The stock has a market cap of $13.47 billion, a P/E ratio of 44.18 and a beta of 1.05. Ball Corp. has a 12 month low of $62.30 and a 12 month high of $82.24. The stock has a 50 day moving average of $78.10 and a 200-day moving average of $75.84.
Ball Corp. (NYSE:BLL) last announced its earnings results on Thursday, November 3rd. The company reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.01. The company earned $2.80 billion during the quarter, compared to analyst estimates of $2.85 billion. Ball Corp. had a net margin of 3.54% and a return on equity of 20.89%. Ball Corp.’s revenue was up 34.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. On average, equities analysts forecast that Ball Corp. will post $3.46 EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the stock. GAM Holding AG boosted its stake in shares of Ball Corp. by 38.9% in the second quarter. GAM Holding AG now owns 6,046 shares of the company’s stock valued at $437,000 after buying an additional 1,694 shares during the period. Commonwealth Bank of Australia boosted its stake in Ball Corp. by 7.9% in the second quarter. Commonwealth Bank of Australia now owns 16,273 shares of the company’s stock worth $1,177,000 after buying an additional 1,188 shares during the last quarter. Tredje AP fonden bought a new stake in Ball Corp. during the second quarter worth $364,000. Skandinaviska Enskilda Banken AB publ boosted its stake in Ball Corp. by 6.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 20,084 shares of the company’s stock worth $1,452,000 after buying an additional 1,200 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its stake in Ball Corp. by 25.0% in the second quarter. Advantus Capital Management Inc now owns 17,060 shares of the company’s stock worth $1,233,000 after buying an additional 3,414 shares during the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have weighed in on BLL shares. TheStreet raised shares of Ball Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Zacks Investment Research raised shares of Ball Corp. from a “hold” rating to a “buy” rating and set a $89.00 target price for the company in a research note on Wednesday, October 5th. Bank of America Corp. reaffirmed a “buy” rating and set a $90.00 target price on shares of Ball Corp. in a research note on Thursday, September 29th. Jefferies Group increased their price target on shares of Ball Corp. from $86.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, Vertical Group cut shares of Ball Corp. to a “hold” rating in a research report on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $85.29.
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About Ball Corp.
Ball Corporation (Ball) 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. The Company operates in four segments: metal beverage packaging, Americas and Asia; metal beverage packaging, Europe; metal food and household products packaging, and aerospace and technologies.
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