Ball Co. (NYSE:BLL) Director R David Hoover sold 22,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $8,159,085. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
R David Hoover also recently made the following trade(s):
- On Monday, March 13th, R David Hoover sold 5,000 shares of Ball stock. The stock was sold at an average price of $74.07, for a total transaction of $370,350.00.
Ball Co. (NYSE:BLL) traded up 0.73% during mid-day trading on Friday, hitting $40.04. 2,170,297 shares of the stock traded hands. The firm’s 50-day moving average is $73.56 and its 200-day moving average is $74.91. Ball Co. has a 12-month low of $39.34 and a 12-month high of $82.24. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 29.79 and a beta of 0.98.
Ball (NYSE:BLL) last issued its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.04. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. Ball had a net margin of 2.81% and a return on equity of 18.44%. The company’s quarterly revenue was up 40.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.30 earnings per share. Equities research analysts expect that Ball Co. will post $2.15 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be issued a dividend of $0.10 per share. The ex-dividend date is Tuesday, May 30th. This is an increase from Ball’s previous quarterly dividend of $0.07. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.01%. Ball’s payout ratio is 30.23%.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Mideast Time and is owned by of Mideast Time. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.mideasttime.com/insider-selling-ball-co-bll-director-sells-22000-shares-of-stock/1708201.html.
A number of research analysts have weighed in on BLL shares. Zacks Investment Research downgraded shares of Ball from a “hold” rating to a “sell” rating in a research report on Wednesday, February 1st. Jefferies Group LLC decreased their price objective on shares of Ball from $46.50 to $45.00 and set a “buy” rating for the company in a research report on Friday, February 3rd. Vertical Research upgraded shares of Ball from a “hold” rating to a “buy” rating in a research report on Friday, February 3rd. TheStreet downgraded shares of Ball from a “b” rating to a “c+” rating in a research report on Thursday, February 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of Ball in a research report on Monday, February 6th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Ball has an average rating of “Buy” and a consensus target price of $42.23.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Ball by 2,907.6% in the first quarter. BlackRock Inc. now owns 10,298,454 shares of the industrial products company’s stock worth $764,763,000 after buying an additional 9,956,034 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Ball by 28.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 15,125,555 shares of the industrial products company’s stock worth $1,239,539,000 after buying an additional 3,314,765 shares during the period. Norges Bank purchased a new stake in shares of Ball during the fourth quarter worth approximately $103,532,000. JPMorgan Chase & Co. increased its stake in shares of Ball by 15.8% in the first quarter. JPMorgan Chase & Co. now owns 7,054,566 shares of the industrial products company’s stock worth $523,873,000 after buying an additional 962,025 shares during the period. Finally, Iridian Asset Management LLC CT purchased a new stake in shares of Ball during the first quarter worth approximately $69,447,000. Institutional investors and hedge funds own 83.42% 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.
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.