Ball Co. (NYSE:BLL) VP Scott C. Morrison sold 17,224 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $76.40, for a total transaction of $1,315,913.60. Following the completion of the sale, the vice president now directly owns 442,361 shares of the company’s stock, valued at $33,796,380.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE:BLL opened at $78.00 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 1.10. The firm has a fifty day moving average price of $72.45 and a 200 day moving average price of $62.63. Ball Co. has a fifty-two week low of $39.99 and a fifty-two week high of $79.46. The firm has a market cap of $25.52 billion, a price-to-earnings ratio of 35.45, a P/E/G ratio of 5.41 and a beta of 0.80.
Ball (NYSE:BLL) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.64 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.01). Ball had a return on equity of 21.32% and a net margin of 4.54%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same quarter in the prior year, the company posted $0.58 EPS. Ball’s revenue was down 2.7% compared to the same quarter last year. As a group, research analysts predict that Ball Co. will post 2.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Friday, August 30th. This represents a $0.60 annualized dividend and a yield of 0.77%. Ball’s dividend payout ratio (DPR) is currently 27.27%.
BLL has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Ball from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. ValuEngine lowered shares of Ball from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Citigroup upped their target price on shares of Ball from $81.00 to $86.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Vertical Research lowered shares of Ball from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Finally, KeyCorp restated a “hold” rating on shares of Ball in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $63.46.
A number of hedge funds have recently added to or reduced their stakes in BLL. Jackson Square Partners LLC bought a new position in Ball during the first quarter valued at $254,594,000. Morgan Stanley lifted its position in Ball by 448.7% during the second quarter. Morgan Stanley now owns 4,160,497 shares of the industrial products company’s stock valued at $291,191,000 after purchasing an additional 3,402,247 shares during the last quarter. Nuveen Asset Management LLC lifted its position in Ball by 3,691.6% during the second quarter. Nuveen Asset Management LLC now owns 2,669,736 shares of the industrial products company’s stock valued at $186,855,000 after purchasing an additional 2,599,325 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Ball by 337.4% during the second quarter. Russell Investments Group Ltd. now owns 1,025,664 shares of the industrial products company’s stock valued at $71,512,000 after purchasing an additional 791,190 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Ball by 32.5% during the second quarter. Invesco Ltd. now owns 3,069,194 shares of the industrial products company’s stock valued at $214,814,000 after purchasing an additional 752,801 shares during the last quarter. Institutional investors and hedge funds own 81.99% 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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