Ball Co. (NYSE:BLL) VP Scott C. Morrison sold 25,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $44.40, for a total transaction of $1,110,000.00. Following the completion of the transaction, the vice president now directly owns 30,392 shares in the company, valued at approximately $1,349,404.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ball stock traded up $0.65 during mid-day trading on Friday, hitting $44.16. The company had a trading volume of 3,882,913 shares, compared to its average volume of 2,939,301. The firm has a market capitalization of $15.13 billion, a P/E ratio of 21.65, a P/E/G ratio of 3.56 and a beta of 0.89. Ball Co. has a 1 year low of $34.71 and a 1 year high of $46.69. The company has a quick ratio of 0.92, a current ratio of 1.23 and a debt-to-equity ratio of 1.79.
Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, August 2nd. The industrial products company reported $0.58 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.01 billion. Ball had a net margin of 4.12% and a return on equity of 19.93%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 earnings per share. As a group, research analysts expect that Ball Co. will post 2.24 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.91%. Ball’s dividend payout ratio (DPR) is presently 19.61%.
Several brokerages have recently issued reports on BLL. UBS Group set a $52.00 price target on shares of Ball and gave the stock a “buy” rating in a research report on Friday, October 5th. Deutsche Bank set a $51.00 target price on shares of Ball and gave the company a “buy” rating in a report on Thursday, October 4th. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a report on Thursday, October 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $52.00 target price on shares of Ball in a report on Thursday, October 4th. Finally, Bank of America raised their target price on shares of Ball from $44.00 to $50.00 and gave the company a “buy” rating in a report on Monday, September 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Ball presently has an average rating of “Buy” and an average price target of $47.23.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of Ball by 43.3% during the third quarter. Bank of Montreal Can now owns 725,025 shares of the industrial products company’s stock worth $31,892,000 after acquiring an additional 219,129 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Ball by 7.5% during the third quarter. Advisors Capital Management LLC now owns 69,271 shares of the industrial products company’s stock worth $3,047,000 after acquiring an additional 4,855 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Ball by 5.2% during the third quarter. State of Alaska Department of Revenue now owns 52,812 shares of the industrial products company’s stock worth $2,322,000 after acquiring an additional 2,625 shares during the last quarter. Visionary Asset Management Inc. purchased a new position in shares of Ball during the third quarter worth approximately $220,000. Finally, United Services Automobile Association grew its position in shares of Ball by 1.5% during the second quarter. United Services Automobile Association now owns 112,816 shares of the industrial products company’s stock worth $4,011,000 after acquiring an additional 1,620 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company’s stock.
Ball Company Profile
Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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