Ball Corporation (NYSE:BLL) Chairman Sells $232,929.45 in Stock

Ball Corporation (NYSE:BLL) Chairman John A. Hayes sold 5,655 shares of Ball Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $41.19, for a total transaction of $232,929.45. Following the sale, the chairman now owns 407,575 shares of the company’s stock, valued at $16,788,014.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Ball Corporation (NYSE:BLL) traded down 0.37% during midday trading on Friday, hitting $40.12. 2,245,830 shares of the stock were exchanged. The firm has a market cap of $14.11 billion, a PE ratio of 56.91 and a beta of 0.95. Ball Corporation has a 52-week low of $35.65 and a 52-week high of $43.06. The firm’s 50-day moving average is $41.64 and its 200 day moving average is $39.24.

Ball Corporation (NYSE:BLL) last posted its earnings results on Thursday, August 3rd. The industrial products company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $2.86 billion for the quarter, compared to the consensus estimate of $2.81 billion. Ball Corporation had a net margin of 1.70% and a return on equity of 17.63%. The firm’s revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.05 earnings per share. On average, analysts forecast that Ball Corporation will post $2.03 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. Ball Corporation’s dividend payout ratio is currently 78.43%.

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Several brokerages have issued reports on BLL. Zacks Investment Research upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research report on Tuesday, July 4th. Vertical Research lowered shares of Ball Corporation from a “buy” rating to a “hold” rating and set a $41.50 target price for the company. in a research report on Friday, May 5th. ValuEngine upgraded shares of Ball Corporation from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 18th. Jefferies Group LLC lifted their target price on shares of Ball Corporation from $45.00 to $47.50 and gave the company a “buy” rating in a research report on Friday, May 5th. Finally, BidaskClub upgraded shares of Ball Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Ball Corporation presently has an average rating of “Hold” and a consensus target price of $44.05.

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Ball Corporation by 131.1% in the fourth quarter. AQR Capital Management LLC now owns 7,713 shares of the industrial products company’s stock worth $579,000 after buying an additional 4,375 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in shares of Ball Corporation by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 152,159 shares of the industrial products company’s stock worth $11,300,000 after buying an additional 4,839 shares in the last quarter. Raymond James Trust N.A. bought a new stake in shares of Ball Corporation during the first quarter worth about $245,000. Creative Planning increased its stake in shares of Ball Corporation by 3.3% in the first quarter. Creative Planning now owns 2,720 shares of the industrial products company’s stock worth $202,000 after buying an additional 86 shares in the last quarter. Finally, Gulf International Bank UK Ltd increased its stake in shares of Ball Corporation by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 50,756 shares of the industrial products company’s stock worth $3,769,000 after buying an additional 600 shares in the last quarter. Institutional investors own 53.01% of the company’s stock.

About Ball Corporation

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.

Insider Buying and Selling by Quarter for Ball Corporation (NYSE:BLL)

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