Investors bought shares of Ball Corporation (NYSE:BLL) on weakness during trading hours on Wednesday after an insider sold shares in the company. $42.53 million flowed into the stock on the tick-up and $12.54 million flowed out of the stock on the tick-down, for a money net flow of $29.99 million into the stock. Of all stocks tracked, Ball Corporation had the 18th highest net in-flow for the day. Ball Corporation traded down ($0.81) for the day and closed at $40.28Specifically, Chairman John A. Hayes sold 5,622 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $41.10, for a total transaction of $231,064.20. Following the completion of the transaction, the chairman now directly owns 412,623 shares in the company, valued at $16,958,805.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Daniel William Fisher sold 1,750 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $41.77, for a total value of $73,097.50. Following the transaction, the chief operating officer now owns 11,594 shares of the company’s stock, valued at $484,281.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 117,654 shares of company stock valued at $4,839,833. Insiders own 2.70% of the company’s stock.

Several equities analysts have recently issued reports on BLL shares. BMO Capital Markets reiterated a “hold” rating and set a $39.50 price objective on shares of Ball Corporation in a research report on Wednesday, April 12th. Vertical Research downgraded Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 price objective for the company. in a research report on Friday, May 5th. Jefferies Group LLC boosted their price objective on Ball Corporation from $45.00 to $47.50 and gave the stock a “buy” rating in a research report on Friday, May 5th. TheStreet upgraded Ball Corporation from a “c+” rating to a “b” rating in a research report on Thursday, May 4th. Finally, Zacks Investment Research upgraded Ball Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 8th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ball Corporation presently has a consensus rating of “Hold” and a consensus price target of $44.17.

The stock has a market cap of $14.14 billion, a PE ratio of 29.97 and a beta of 0.95. The company has a 50 day moving average of $42.05 and a 200 day moving average of $39.07.

Ball Corporation (NYSE:BLL) last released its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by $0.02. Ball Corporation had a net margin of 1.70% and a return on equity of 17.54%. The company had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period last year, the company earned $1.05 earnings per share. Ball Corporation’s revenue for the quarter was up 40.6% compared to the same quarter last year. Equities analysts expect that Ball Corporation will post $2.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. Ball Corporation’s dividend payout ratio (DPR) is currently 78.43%.

Several hedge funds have recently added to or reduced their stakes in BLL. Fiduciary Trust Co. boosted its position in shares of Ball Corporation by 86.7% in the second quarter. Fiduciary Trust Co. now owns 32,146 shares of the industrial products company’s stock worth $1,357,000 after buying an additional 14,925 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in shares of Ball Corporation by 100.0% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 295,444 shares of the industrial products company’s stock worth $12,471,000 after buying an additional 147,737 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Ball Corporation during the second quarter worth about $4,451,000. MRJ Capital Inc. acquired a new position in shares of Ball Corporation during the second quarter worth about $3,672,000. Finally, Atlantic Trust Group LLC acquired a new position in shares of Ball Corporation during the second quarter worth about $687,000. 46.59% of the stock is currently owned by institutional investors and hedge funds.

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About Ball Corporation

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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