Insider Selling: Ball Co. (BLL) Director Sells 22,000 Shares of Stock

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.

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

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%.

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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.

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.

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