Insider Selling: Ball Co. (BLL) Chairman Sells 5,519 Shares of Stock

Ball Co. (NYSE:BLL) Chairman John A. Hayes sold 5,519 shares of Ball stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $40.74, for a total transaction of $224,844.06. Following the completion of the sale, the chairman now owns 408,451 shares of the company’s stock, valued at $16,640,293.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Ball Co. (BLL) traded up $0.01 during trading on Thursday, hitting $40.80. 2,202,700 shares of the stock were exchanged, compared to its average volume of 2,357,479. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.04 and a quick ratio of 0.66. Ball Co. has a twelve month low of $35.65 and a twelve month high of $43.24. The firm has a market capitalization of $14,278.77, a PE ratio of 21.87, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Ball (NYSE:BLL) last announced its earnings results on Thursday, November 2nd. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.07). Ball had a return on equity of 18.31% and a net margin of 2.13%. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same period last year, the firm posted $0.48 EPS. The company’s revenue was up 5.7% compared to the same quarter last year. equities research analysts anticipate that Ball Co. will post 1.95 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Thursday, November 30th. Ball’s dividend payout ratio (DPR) is currently 62.50%.

Hedge funds have recently made changes to their positions in the stock. Wedge Capital Management L L P NC increased its position in Ball by 75.3% during the second quarter. Wedge Capital Management L L P NC now owns 193,962 shares of the industrial products company’s stock worth $8,187,000 after acquiring an additional 83,293 shares during the period. Public Employees Retirement System of Ohio increased its position in Ball by 106.4% during the second quarter. Public Employees Retirement System of Ohio now owns 152,514 shares of the industrial products company’s stock worth $6,438,000 after acquiring an additional 78,637 shares during the period. Thomas White International Ltd. increased its position in Ball by 100.0% during the second quarter. Thomas White International Ltd. now owns 27,410 shares of the industrial products company’s stock worth $1,157,000 after acquiring an additional 13,705 shares during the period. JPMorgan Chase & Co. increased its position in Ball by 111.7% during the second quarter. JPMorgan Chase & Co. now owns 14,936,002 shares of the industrial products company’s stock worth $630,447,000 after acquiring an additional 7,881,436 shares during the period. Finally, KBC Group NV increased its position in Ball by 100.0% during the second quarter. KBC Group NV now owns 53,272 shares of the industrial products company’s stock worth $2,248,000 after acquiring an additional 26,636 shares during the period. 89.40% of the stock is currently owned by institutional investors and hedge funds.

BLL has been the subject of a number of analyst reports. Vertical Group restated a “hold” rating and issued a $43.00 price objective (up from $41.50) on shares of Ball in a research note on Wednesday, August 9th. Royal Bank Of Canada initiated coverage on shares of Ball in a research note on Monday, October 9th. They issued an “outperform” rating and a $46.00 price objective for the company. Zacks Investment Research cut shares of Ball from a “hold” rating to a “sell” rating in a research note on Monday, October 16th. BidaskClub cut shares of Ball from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Finally, 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $45.58.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Ball Co. (BLL) Chairman Sells 5,519 Shares of Stock” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/12/07/insider-selling-ball-co-bll-chairman-sells-5519-shares-of-stock.html.

About Ball

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 (NYSE:BLL)

Receive News & Ratings for Ball Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ball Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply