Ball Corporation (BLL) Chairman Sells $220,302.85 in Stock
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%.
COPYRIGHT VIOLATION WARNING: This news story was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.thecerbatgem.com/2017/09/10/ball-corporation-bll-chairman-sells-220302-85-in-stock.html.
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.
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.