Ball Corporation (BLL) VP Sells $209,346.16 in Stock
Ball Corporation (NYSE:BLL) VP Jeff A. Knobel sold 5,218 shares of the stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $40.12, for a total transaction of $209,346.16. Following the completion of the transaction, the vice president now directly owns 68,138 shares in the company, valued at $2,733,696.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Ball Corporation (NYSE:BLL) opened at 40.36 on Thursday. The firm has a market cap of $14.20 billion, a price-to-earnings ratio of 57.25 and a beta of 0.96. Ball Corporation has a 12 month low of $35.65 and a 12 month high of $43.06. The firm has a 50-day moving average of $40.52 and a 200-day moving average of $39.61.
Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.02). The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The business’s revenue was up 40.6% on a year-over-year basis. During the same period last year, the company posted $1.05 EPS. On average, analysts anticipate that Ball Corporation will post $2.03 EPS for the current year.
The company also recently announced 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 (DPR) is presently 78.43%.
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BLL has been the topic of several research analyst reports. ValuEngine raised shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $47.00 target price on shares of Ball Corporation in a report on Sunday, June 25th. BidaskClub raised shares of Ball Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. 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 report on Tuesday, July 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $47.00 target price (up from $44.00) on shares of Ball Corporation in a report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $44.05.
Several large investors have recently modified their holdings of BLL. Nationwide Fund Advisors increased its holdings in shares of Ball Corporation by 4.7% in the 1st quarter. Nationwide Fund Advisors now owns 49,988 shares of the industrial products company’s stock worth $3,712,000 after buying an additional 2,249 shares during the last quarter. Strs Ohio increased its holdings in shares of Ball Corporation by 1.9% in the 1st quarter. Strs Ohio now owns 17,346 shares of the industrial products company’s stock worth $1,288,000 after buying an additional 330 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of Ball Corporation by 17.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 75,921 shares of the industrial products company’s stock worth $5,638,000 after buying an additional 11,143 shares during the last quarter. Henderson Group PLC increased its holdings in shares of Ball Corporation by 3.0% in the 1st quarter. Henderson Group PLC now owns 20,547 shares of the industrial products company’s stock worth $1,526,000 after buying an additional 600 shares during the last quarter. Finally, Elkfork Partners LLC increased its holdings in shares of Ball Corporation by 20.6% in the 1st quarter. Elkfork Partners LLC now owns 5,786 shares of the industrial products company’s stock worth $430,000 after buying an additional 990 shares during 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.
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