Ball Co. (NYSE:BLL) COO Sells $330,700.00 in Stock

Ball Co. (NYSE:BLL) COO Daniel William Fisher sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $66.14, for a total value of $330,700.00. Following the transaction, the chief operating officer now owns 34,045 shares of the company’s stock, valued at $2,251,736.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

NYSE BLL traded up $0.12 during trading hours on Tuesday, hitting $66.44. 1,471,496 shares of the company’s stock were exchanged, compared to its average volume of 2,408,689. Ball Co. has a 1-year low of $34.71 and a 1-year high of $66.65. The stock has a market capitalization of $22.20 billion, a P/E ratio of 30.20, a P/E/G ratio of 4.59 and a beta of 0.73. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.09 and a quick ratio of 0.77.

Ball (NYSE:BLL) last released its earnings results on Thursday, May 2nd. The industrial products company reported $0.49 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.01). Ball had a return on equity of 20.39% and a net margin of 3.83%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.66 billion. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis. Equities analysts expect that Ball Co. will post 2.61 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Friday, May 31st. This is a boost from Ball’s previous quarterly dividend of $0.10. Ball’s dividend payout ratio (DPR) is 27.27%.

A number of institutional investors have recently made changes to their positions in BLL. IFP Advisors Inc grew its stake in Ball by 24.5% in the fourth quarter. IFP Advisors Inc now owns 1,062 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 209 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Ball in the fourth quarter valued at approximately $80,000. Advisors Asset Management Inc. grew its stake in Ball by 6.0% in the fourth quarter. Advisors Asset Management Inc. now owns 68,862 shares of the industrial products company’s stock valued at $3,166,000 after acquiring an additional 3,919 shares during the period. SG Americas Securities LLC grew its stake in Ball by 444.0% in the fourth quarter. SG Americas Securities LLC now owns 48,314 shares of the industrial products company’s stock valued at $2,221,000 after acquiring an additional 39,432 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in Ball by 14.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 40,766 shares of the industrial products company’s stock valued at $1,874,000 after acquiring an additional 5,102 shares during the period. 82.33% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on BLL. Morgan Stanley raised their price objective on Ball from $66.00 to $71.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 5th. Wells Fargo & Co raised their target price on Ball from $66.00 to $68.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating in a research note on Tuesday, May 7th. KeyCorp reaffirmed a “hold” rating on shares of Ball in a research note on Thursday, May 2nd. Finally, BMO Capital Markets cut Ball from an “outperform” rating to a “market perform” rating and set a $58.10 target price for the company. in a research note on Monday, April 8th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $56.93.

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About Ball

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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