Ball Co. (BLL) VP Jeff A. Knobel Sells 6,899 Shares

Ball Co. (NYSE:BLL) VP Jeff A. Knobel sold 6,899 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $47.42, for a total value of $327,150.58. Following the sale, the vice president now owns 68,389 shares of the company’s stock, valued at $3,243,006.38. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of BLL traded up $0.85 during trading hours on Wednesday, hitting $48.71. The stock had a trading volume of 199,645 shares, compared to its average volume of 3,759,602. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.01 and a quick ratio of 0.69. The company has a market cap of $16.29 billion, a PE ratio of 23.80, a P/E/G ratio of 3.88 and a beta of 0.74. Ball Co. has a 1-year low of $34.71 and a 1-year high of $48.47.

Ball (NYSE:BLL) last issued its earnings results on Thursday, November 1st. The industrial products company reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.04). The firm had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.80 billion. Ball had a net margin of 4.21% and a return on equity of 20.02%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 earnings per share. Analysts expect that Ball Co. will post 2.21 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.10 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.82%. Ball’s dividend payout ratio is presently 19.61%.

A number of analysts have weighed in on the company. Royal Bank of Canada increased their price target on Ball from $47.00 to $53.00 and gave the stock an “outperform” rating in a report on Tuesday. Citigroup decreased their price target on Ball from $45.00 to $44.00 and set a “buy” rating for the company in a report on Tuesday, July 10th. Vertical Group downgraded Ball from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Vertical Research downgraded Ball from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Friday, November 2nd. Finally, Barclays increased their price target on Ball from $42.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, August 9th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Ball has a consensus rating of “Buy” and a consensus price target of $50.00.

Institutional investors and hedge funds have recently modified their holdings of the company. Adviser Investments LLC acquired a new stake in shares of Ball in the 2nd quarter valued at about $106,000. Zions Bancorporation acquired a new position in Ball during the 3rd quarter valued at about $114,000. Piedmont Investment Advisors LLC acquired a new position in Ball during the 2nd quarter valued at about $145,000. Advisor Partners LLC acquired a new position in Ball during the 3rd quarter valued at about $204,000. Finally, Chicago Capital LLC acquired a new position in Ball during the 3rd quarter valued at about $211,000. Institutional investors own 85.78% of the company’s stock.

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Ball Company Profile

Ball Corporation supplies metal packaging products to the beverage, food, personal care, and household products industries. It operates in five segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; Food and Aerosol Packaging; and Aerospace.

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