Vertical Research Lowers Ball (NYSE:BLL) to Sell
Vertical Research cut shares of Ball (NYSE:BLL) from a hold rating to a sell rating in a report issued on Monday, Briefing.com Automated Import reports.
Several other analysts have also recently commented on the stock. Citigroup restated a sell rating on shares of Bayerische Motoren Werke in a report on Friday, April 5th. BMO Capital Markets restated a hold rating on shares of Snc-Lavalin Group in a report on Monday, April 8th. Wells Fargo & Co set a $9.00 price target on shares of Bausch Health Companies and gave the stock a sell rating in a report on Friday, May 17th. KeyCorp restated a hold rating on shares of Ball in a report on Thursday, May 2nd. Finally, Zacks Investment Research cut shares of GENEL ENERGY PL/ADR from a buy rating to a hold rating in a report on Tuesday, May 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $58.01.
BLL stock opened at $71.15 on Monday. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.77 and a current ratio of 1.09. The firm has a market capitalization of $24.02 billion, a PE ratio of 32.34, a P/E/G ratio of 5.00 and a beta of 0.80. The stock’s 50 day moving average is $66.33. Ball has a 52 week low of $37.24 and a 52 week high of $72.34.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a boost from Ball’s previous quarterly dividend of $0.10. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. Ball’s payout ratio is 27.27%.
In other Ball news, COO Daniel William Fisher sold 5,000 shares of Ball stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $66.14, for a total value of $330,700.00. Following the completion of the sale, the chief operating officer now directly owns 34,045 shares in the company, valued at $2,251,736.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John A. Hayes sold 9,523 shares of Ball stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $70.98, for a total transaction of $675,942.54. Following the completion of the sale, the chairman now owns 437,979 shares of the company’s stock, valued at $31,087,749.42. The disclosure for this sale can be found here. Insiders sold 42,078 shares of company stock valued at $2,746,288 over the last quarter. Corporate insiders own 1.80% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of BLL. Global Retirement Partners LLC raised its position in shares of Ball by 281.1% in the fourth quarter. Global Retirement Partners LLC now owns 644 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 475 shares during the period. Massey Quick Simon & CO. LLC bought a new position in shares of Ball in the first quarter valued at approximately $30,000. Pearl River Capital LLC bought a new position in shares of Ball in the first quarter valued at approximately $30,000. YorkBridge Wealth Partners LLC bought a new position in shares of Ball in the first quarter valued at approximately $56,000. Finally, Spectrum Management Group Inc. bought a new position in shares of Ball in the first quarter valued at approximately $60,000. Hedge funds and other institutional investors own 82.13% of the company’s stock.
Ball Company Profile
Ball Corp. provides metal packaging for beverages, foods and household products, and of aerospace and other technologies and services to commercial and governmental customers. It operates through the following business segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.
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