Ball Co. (NYSE:BLL) Chairman John A. Hayes sold 6,782 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $38.61, for a total transaction of $261,853.02. Following the completion of the transaction, the chairman now directly owns 398,485 shares of the company’s stock, valued at $15,385,505.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Ball Co. (BLL) opened at $38.59 on Friday. The company has a market cap of $13,510.00, a P/E ratio of 52.15, a PEG ratio of 3.14 and a beta of 0.97. Ball Co. has a 1 year low of $35.65 and a 1 year high of $43.24. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.04 and a quick ratio of 0.66.

Ball (NYSE:BLL) last released its quarterly earnings results on Thursday, November 2nd. The industrial products company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.07). The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.91 billion. Ball 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. sell-side analysts predict that Ball Co. will post 1.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were given a $0.10 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.04%. Ball’s dividend payout ratio is presently 54.05%.

Several hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in Ball by 5,297.8% during the second quarter. Tower Research Capital LLC TRC now owns 2,483 shares of the industrial products company’s stock worth $104,000 after acquiring an additional 2,437 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Ball by 100.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,123 shares of the industrial products company’s stock worth $174,000 after acquiring an additional 2,061 shares during the last quarter. Howe & Rusling Inc. acquired a new stake in Ball during the third quarter worth approximately $182,000. Captrust Financial Advisors acquired a new stake in Ball during the second quarter worth approximately $209,000. Finally, Dai Ichi Life Insurance Company Ltd acquired a new stake in Ball during the third quarter worth approximately $209,000. Institutional investors and hedge funds own 89.48% of the company’s stock.

BLL has been the subject of a number of research analyst reports. UBS Group initiated coverage on shares of Ball in a report on Monday, October 23rd. They issued a “buy” rating and a $50.00 target price for the company. Robert W. Baird reaffirmed a “buy” rating and issued a $45.00 target price on shares of Ball in a report on Thursday, October 12th. Vertical Research raised shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Friday, December 15th. They noted that the move was a valuation call. TheStreet cut shares of Ball from a “b-” rating to a “c+” rating in a report on Thursday, December 14th. Finally, Zacks Investment Research raised shares of Ball from a “sell” rating to a “hold” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $45.00.

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Ball 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.

Insider Buying and Selling by Quarter for Ball (NYSE:BLL)

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