Ball Co. (NYSE:BLL) VP Scott C. Morrison sold 2,228 shares of the stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $39.89, for a total transaction of $88,874.92. Following the completion of the transaction, the vice president now owns 408,215 shares of the company’s stock, valued at approximately $16,283,696.35. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Ball Co. (NYSE:BLL) traded down $0.33 during trading on Tuesday, hitting $39.90. 1,860,086 shares of the company were exchanged, compared to its average volume of 3,413,220. The firm has a market cap of $14,227.94, a PE ratio of 35.48, a P/E/G ratio of 3.20 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.92 and a debt-to-equity ratio of 1.61. Ball Co. has a 1-year low of $35.60 and a 1-year high of $43.24.
Ball (NYSE:BLL) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.08. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Ball had a net margin of 3.63% and a return on equity of 19.24%. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $0.44 EPS. equities analysts predict that Ball Co. will post 2.3 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Wednesday, February 28th. Ball’s dividend payout ratio (DPR) is currently 35.71%.
A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. restated an “overweight” rating and issued a $48.00 price objective (up previously from $47.00) on shares of Ball in a research note on Thursday, February 8th. KeyCorp cut shares of Ball from a “sector weight” rating to an “underweight” rating and dropped their price objective for the company from $40.81 to $36.00 in a research note on Friday, December 8th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a research note on Monday, January 29th. BMO Capital Markets upgraded shares of Ball from a “market perform” rating to an “outperform” rating and set a $48.00 price objective for the company in a research note on Monday, December 4th. Finally, Vertical Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, December 15th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Ball presently has an average rating of “Hold” and an average price target of $45.62.
Several institutional investors have recently made changes to their positions in BLL. Millennium Management LLC increased its position in Ball by 322.0% in the 4th quarter. Millennium Management LLC now owns 1,450,695 shares of the industrial products company’s stock valued at $54,909,000 after acquiring an additional 1,106,893 shares in the last quarter. Lodge Hill Capital LLC acquired a new stake in Ball in the 4th quarter valued at about $39,743,000. Eaton Vance Management increased its position in Ball by 87.3% in the 4th quarter. Eaton Vance Management now owns 1,523,918 shares of the industrial products company’s stock valued at $57,680,000 after acquiring an additional 710,179 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new stake in Ball in the 4th quarter valued at about $23,561,000. Finally, Bank of New York Mellon Corp increased its position in Ball by 23.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,203,954 shares of the industrial products company’s stock valued at $132,323,000 after acquiring an additional 602,244 shares in the last quarter. Institutional investors and hedge funds own 87.88% of the company’s stock.
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.
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