Ball Corporation Sees Unusually High Options Volume (BLL)
Ball Corporation (NYSE:BLL) saw some unusual options trading on Tuesday. Traders purchased 1,509 call options on the company. This represents an increase of approximately Infinity compared to the typical volume of 0 call options.
In other Ball Corporation news, VP Jeff A. Knobel sold 5,218 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $40.12, for a total value of $209,346.16. Following the completion of the sale, the vice president now directly owns 68,138 shares in the company, valued at approximately $2,733,696.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John A. Hayes sold 5,695 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $41.29, for a total value of $235,146.55. Following the completion of the sale, the chairman now owns 407,973 shares of the company’s stock, valued at $16,845,205.17. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,408 shares of company stock valued at $3,132,105. 2.70% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in the company. Tredje AP fonden increased its holdings in shares of Ball Corporation by 2.1% in the second quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 230 shares during the period. Garcia Hamilton & Associates LP DE grew its holdings in Ball Corporation by 9.6% during the second quarter. Garcia Hamilton & Associates LP DE now owns 8,540 shares of the industrial products company’s stock worth $360,000 after acquiring an additional 746 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Ball Corporation by 100.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock worth $103,000 after acquiring an additional 1,225 shares during the period. American Research & Management Co. grew its holdings in Ball Corporation by 100.0% during the second quarter. American Research & Management Co. now owns 2,800 shares of the industrial products company’s stock worth $118,000 after acquiring an additional 1,400 shares during the period. Finally, Chartwell Investment Partners LLC grew its holdings in Ball Corporation by 5.0% during the third quarter. Chartwell Investment Partners LLC now owns 30,939 shares of the industrial products company’s stock worth $1,277,000 after acquiring an additional 1,485 shares during the period. 87.88% of the stock is currently owned by institutional investors and hedge funds.
Ball Corporation (NYSE BLL) opened at $40.52 on Friday. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.66 and a current ratio of 1.04. The stock has a market capitalization of $13,786.94, a PE ratio of 21.12, a P/E/G ratio of 3.67 and a beta of 1.00. Ball Corporation has a 1 year low of $35.65 and a 1 year high of $43.24.
Ball Corporation (NYSE:BLL) last announced its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.07). The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball Corporation had a net margin of 2.13% and a return on equity of 18.31%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. equities analysts predict that Ball Corporation will post 1.95 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.10 dividend. 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 Thursday, November 30th. Ball Corporation’s dividend payout ratio is presently 62.50%.
BLL has been the subject of several research reports. Royal Bank Of Canada initiated coverage on Ball Corporation in a report on Monday, October 9th. They issued an “outperform” rating and a $46.00 target price for the company. Vertical Group reiterated a “hold” rating and issued a $43.00 target price (up from $41.50) on shares of Ball Corporation in a report on Wednesday, August 9th. BidaskClub cut Ball Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut Ball Corporation from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. Finally, Barclays PLC upped their price objective on Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $44.88.
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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