Ball Co. (NYSE:BLL) COO Daniel William Fisher sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $66.14, for a total transaction of $330,700.00. Following the transaction, the chief operating officer now owns 34,045 shares of the company’s stock, valued at approximately $2,251,736.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE:BLL opened at $64.92 on Friday. Ball Co. has a twelve month low of $34.71 and a twelve month high of $66.83. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.09 and a quick ratio of 0.77. The stock has a market cap of $22.29 billion, a PE ratio of 29.51, a price-to-earnings-growth ratio of 4.64 and a beta of 0.74.
Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). Ball had a net margin of 3.83% and a return on equity of 20.39%. The business had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter last year, the business posted $0.50 EPS. The business’s revenue for the quarter was up .0% on a year-over-year basis. Equities research analysts expect that Ball Co. will post 2.61 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.15 per share. This is a positive change from Ball’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. This represents a $0.60 annualized dividend and a dividend yield of 0.92%. Ball’s dividend payout ratio (DPR) is 27.27%.
Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC boosted its position in shares of Ball by 281.1% during the 4th quarter. Global Retirement Partners LLC now owns 644 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 475 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in shares of Ball during the 1st quarter valued at about $30,000. Pearl River Capital LLC bought a new position in shares of Ball during the 1st quarter valued at about $30,000. Rockefeller Capital Management L.P. bought a new position in shares of Ball during the 1st quarter valued at about $35,000. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Ball by 4,406.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,720,250 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,682,073 shares in the last quarter. Institutional investors own 82.33% of the company’s stock.
Several equities analysts have recently commented on the stock. KeyCorp restated a “hold” rating on shares of Ball in a research report on Thursday, May 2nd. Zacks Investment Research lowered shares of Ball from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Citigroup increased their target price on shares of Ball from $61.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Co increased their target price on shares of Ball from $56.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, February 21st. Finally, UBS Group lowered shares of Ball from a “buy” rating to a “neutral” rating and set a $58.00 target price for the company. in a research report on Friday, February 15th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $56.93.
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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