John A. Hayes Sells 5,619 Shares of Ball Corporation (BLL) Stock
Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,619 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $41.98, for a total transaction of $235,885.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Ball Corporation (NYSE BLL) opened at 42.02 on Friday. The stock has a 50 day moving average of $40.48 and a 200 day moving average of $40.10. Ball Corporation has a 1-year low of $35.65 and a 1-year high of $43.06. The stock has a market cap of $14.78 billion, a P/E ratio of 59.60 and a beta of 0.97.
Ball Corporation (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.02). Ball Corporation had a return on equity of 17.63% and a net margin of 1.70%. The business had revenue of $2.86 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter last year, the company earned $1.05 EPS. Ball Corporation’s revenue for the quarter was up 40.6% on a year-over-year basis. Equities analysts anticipate that Ball Corporation will post $2.04 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Wednesday, August 30th. Ball Corporation’s dividend payout ratio (DPR) is presently 78.43%.
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A number of research firms recently issued reports on BLL. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Tuesday, July 4th. Jefferies Group LLC restated a “buy” rating and set a $49.00 price objective (down previously from $50.00) on shares of Ball Corporation in a report on Wednesday, August 9th. BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Ball Corporation in a report on Wednesday. Finally, Barclays PLC raised their price objective on shares of Ball Corporation from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Ball Corporation currently has a consensus rating of “Hold” and a consensus price target of $43.94.
Several large investors have recently modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Ball Corporation by 2.1% in the 1st quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock worth $271,000 after purchasing an additional 75 shares during the period. HighTower Advisors LLC increased its holdings in Ball Corporation by 0.8% in the 1st quarter. HighTower Advisors LLC now owns 14,201 shares of the industrial products company’s stock worth $1,055,000 after acquiring an additional 109 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Ball Corporation by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 3,441 shares of the industrial products company’s stock worth $256,000 after acquiring an additional 110 shares in the last quarter. Tredje AP fonden increased its holdings in Ball Corporation by 2.1% in the 2nd quarter. Tredje AP fonden now owns 11,270 shares of the industrial products company’s stock worth $476,000 after acquiring an additional 230 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Ball Corporation by 3.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 20,718 shares of the industrial products company’s stock worth $1,539,000 after acquiring an additional 740 shares in the last quarter. Hedge funds and other institutional investors own 86.43% of the company’s stock.
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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