Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,545 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $39.73, for a total transaction of $220,302.85. Following the sale, the chairman now directly owns 412,834 shares in the company, valued at $16,401,894.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Ball Corporation (NYSE BLL) opened at 40.28 on Friday. Ball Corporation has a 52 week low of $35.65 and a 52 week high of $43.06. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 57.13 and a beta of 0.96. The company has a 50-day moving average of $40.63 and a 200-day moving average of $39.51.

Ball Corporation (NYSE:BLL) last released its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.81 billion. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The firm’s quarterly revenue was up 40.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.05 EPS. Analysts anticipate that Ball Corporation will post $2.03 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors 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 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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Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Tuesday, July 4th. ValuEngine raised shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 18th. Jefferies Group LLC reissued a “buy” rating and set a $49.00 target price (down from $50.00) on shares of Ball Corporation in a research note on Wednesday, August 9th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Vertical Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 target price on the stock. in a research note on Monday, May 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Ball Corporation has a consensus rating of “Hold” and a consensus target price of $44.05.

Hedge funds have recently added to or reduced their stakes in the stock. Baird Financial Group Inc. purchased a new stake in Ball Corporation during the first quarter worth about $201,000. Geode Capital Management LLC boosted its holdings in Ball Corporation by 9.4% during the first quarter. Geode Capital Management LLC now owns 1,637,759 shares of the industrial products company’s stock worth $121,443,000 after buying an additional 140,259 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in Ball Corporation by 75.3% during the second quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock worth $8,187,000 after buying an additional 83,293 shares in the last quarter. Credit Agricole S A boosted its holdings in Ball Corporation by 17.4% during the first quarter. Credit Agricole S A now owns 103,163 shares of the industrial products company’s stock worth $7,662,000 after buying an additional 15,280 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Ball Corporation by 30.9% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 7,957 shares of the industrial products company’s stock worth $591,000 after buying an additional 1,877 shares in the last quarter. 86.36% of the stock is currently owned by hedge funds and other institutional investors.

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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