Insider Selling: Ball Corporation (BLL) VP Sells 13,249 Shares of Stock
Ball Corporation (NYSE:BLL) VP Scott C. Morrison sold 13,249 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $40.35, for a total transaction of $534,597.15. Following the completion of the transaction, the vice president now directly owns 392,091 shares of the company’s stock, valued at $15,820,871.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Ball Corporation (NYSE BLL) opened at 40.32 on Wednesday. The company has a market capitalization of $14.18 billion, a PE ratio of 57.19 and a beta of 0.95. The stock has a 50 day moving average of $41.80 and a 200-day moving average of $59.50. Ball Corporation has a one year low of $35.65 and a one year high of $43.06.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings data 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. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The firm’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.05 earnings per share. On average, equities analysts forecast that Ball Corporation will post $2.03 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 30th. Ball Corporation’s dividend payout ratio is currently 78.43%.
WARNING: “Insider Selling: Ball Corporation (BLL) VP Sells 13,249 Shares of Stock” was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.thecerbatgem.com/2017/08/16/insider-selling-ball-corporation-bll-vp-sells-13249-shares-of-stock.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Ball Corporation by 100.0% in the second 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 buying an additional 1,225 shares during the period. Tower Research Capital LLC TRC boosted its position in Ball Corporation 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 buying an additional 2,437 shares during the period. American Research & Management Co. boosted its position in Ball Corporation by 100.0% in the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock valued at $118,000 after buying an additional 1,400 shares during the period. Pinnacle Bank purchased a new position in Ball Corporation during the first quarter valued at $126,000. Finally, Korea Investment CORP boosted its position in Ball Corporation by 385.5% in the second quarter. Korea Investment CORP now owns 3,083 shares of the industrial products company’s stock valued at $130,000 after buying an additional 2,448 shares during the period. Institutional investors and hedge funds own 53.01% of the company’s stock.
Several equities research analysts have commented on BLL shares. Vertical Group reissued a “hold” rating and set a $43.00 price target (up from $41.50) on shares of Ball Corporation in a research report on Wednesday, August 9th. Deutsche Bank AG reissued a “buy” rating and set a $47.00 price target (up from $44.00) on shares of Ball Corporation in a research report on Tuesday, July 18th. BidaskClub cut shares of Ball Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC boosted their price target on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Finally, Zacks Investment Research raised shares of Ball Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ball Corporation presently has an average rating of “Hold” and a consensus 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.
Receive News & Stock Ratings for Ball Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Corporation and related stocks with our FREE daily email newsletter.