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%.

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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.

Insider Buying and Selling by Quarter for Ball Corporation (NYSE:BLL)

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