Ball Co. (NYSE:BLL) VP Nate C. Carey sold 3,046 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $76.05, for a total transaction of $231,648.30. Following the sale, the vice president now directly owns 13,611 shares in the company, valued at approximately $1,035,116.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
BLL stock traded up $0.01 during trading on Thursday, reaching $75.89. The stock had a trading volume of 19,175 shares, compared to its average volume of 1,778,130. Ball Co. has a one year low of $51.26 and a one year high of $82.82. The company has a quick ratio of 0.64, a current ratio of 0.97 and a debt-to-equity ratio of 2.53. The company’s 50 day moving average is $73.16 and its two-hundred day moving average is $69.93. The company has a market capitalization of $24.94 billion, a price-to-earnings ratio of 69.42, a P/E/G ratio of 5.52 and a beta of 0.52.
Ball (NYSE:BLL) last issued its quarterly earnings data on Thursday, August 6th. The industrial products company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.09. Ball had a net margin of 3.28% and a return on equity of 29.73%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.88 billion. During the same period in the prior year, the firm posted $0.64 EPS. The firm’s quarterly revenue was down 7.2% compared to the same quarter last year. As a group, research analysts predict that Ball Co. will post 2.77 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Monday, August 31st. Ball’s payout ratio is 23.72%.
Hedge funds have recently modified their holdings of the business. WASHINGTON TRUST Co bought a new stake in Ball in the 1st quarter worth about $25,000. Smithfield Trust Co. bought a new position in shares of Ball during the 2nd quarter valued at approximately $29,000. Whittier Trust Co. grew its position in shares of Ball by 51.9% during the 1st quarter. Whittier Trust Co. now owns 521 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 178 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Ball by 156.4% during the 2nd quarter. Orion Portfolio Solutions LLC now owns 582 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 355 shares during the period. Finally, Trustcore Financial Services LLC bought a new position in shares of Ball during the 1st quarter valued at approximately $41,000. 80.98% of the stock is owned by institutional investors and hedge funds.
Several brokerages have recently weighed in on BLL. Citigroup dropped their price objective on shares of Ball from $87.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, August 10th. JPMorgan Chase & Co. lowered their target price on shares of Ball from $88.00 to $87.00 and set an “overweight” rating on the stock in a report on Friday, May 8th. Barclays lowered their target price on shares of Ball from $82.00 to $72.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Ball from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Tuesday, August 11th. Finally, KeyCorp restated a “hold” rating on shares of Ball in a report on Thursday, May 7th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $79.64.
Ball Company Profile
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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