BidaskClub upgraded shares of Ball Co. (NYSE:BLL) from a hold rating to a buy rating in a report released on Tuesday, July 25th.
Several other analysts also recently weighed in on BLL. ValuEngine downgraded Ball from a buy rating to a hold rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded Ball from a hold rating to a sell rating in a research note on Wednesday, April 5th. Jefferies Group LLC restated a buy rating and set a $47.00 target price on shares of Ball in a research note on Sunday, June 25th. Deutsche Bank AG reaffirmed a buy rating and set a $47.00 price target (up previously from $44.00) on shares of Ball in a research report on Tuesday, July 18th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $39.50 price target on shares of Ball in a research report on Wednesday, April 12th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $44.05.
Ball (NYSE BLL) traded up 0.27% during trading on Tuesday, reaching $40.16. The company’s stock had a trading volume of 1,659,275 shares. The firm’s 50-day moving average price is $41.90 and its 200 day moving average price is $39.16. Ball has a 12-month low of $35.65 and a 12-month high of $43.06. The company has a market capitalization of $14.13 billion, a P/E ratio of 56.96 and a beta of 0.95.
Ball (NYSE:BLL) last announced its quarterly earnings results on Thursday, August 3rd. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by $0.02. Ball had a net margin of 3.15% and a return on equity of 11.00%. The company had revenue of $2.86 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the company posted $1.05 earnings per share. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, analysts predict that Ball will post $2.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 1.00%. Ball’s payout ratio is currently 78.43%.
In related news, Director R David Hoover sold 22,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The shares were sold at an average price of $39.75, for a total transaction of $874,500.00. Following the transaction, the director now owns 205,260 shares in the company, valued at $8,159,085. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Daniel William Fisher sold 1,750 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $41.77, for a total transaction of $73,097.50. Following the transaction, the chief operating officer now owns 11,594 shares in the company, valued at approximately $484,281.38. The disclosure for this sale can be found here. Insiders sold 117,654 shares of company stock worth $4,839,833 in the last 90 days. 2.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pinnacle Bank bought a new position in Ball during the first quarter worth approximately $126,000. First Personal Financial Services raised its position in Ball by 17.1% in the first quarter. First Personal Financial Services now owns 1,797 shares of the industrial products company’s stock valued at $133,000 after buying an additional 262 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Ball by 100.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,450 shares of the industrial products company’s stock valued at $103,000 after buying an additional 1,225 shares during the period. Baird Financial Group Inc. acquired a new position in Ball during the first quarter valued at about $201,000. Finally, Advisor Partners LLC acquired a new position in Ball during the first quarter valued at about $201,000. Institutional investors and hedge funds own 46.59% of the company’s stock.
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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