Ball Co. (NYSE:BLL) VP Robert D. Strain sold 12,496 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $79.62, for a total value of $994,931.52. Following the transaction, the vice president now directly owns 55,103 shares of the company’s stock, valued at $4,387,300.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ball stock traded down $0.55 during mid-day trading on Tuesday, reaching $79.19. 1,932,287 shares of the company were exchanged, compared to its average volume of 2,338,262. Ball Co. has a twelve month low of $40.39 and a twelve month high of $80.66. The firm’s 50-day simple moving average is $73.27 and its two-hundred day simple moving average is $62.97. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 1.10. The firm has a market cap of $26.44 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 5.60 and a beta of 0.80.

Ball (NYSE:BLL) last posted its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.03 billion. Ball had a return on equity of 21.32% and a net margin of 4.54%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.58 earnings per share. As a group, equities research analysts anticipate that Ball Co. will post 2.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, August 30th. Ball’s dividend payout ratio (DPR) is 27.27%.

A number of analysts recently issued reports on the company. KeyCorp reissued a “hold” rating on shares of Ball in a research report on Friday, August 2nd. ValuEngine cut Ball from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating in a research report on Tuesday, May 7th. Vertical Research cut Ball from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. Finally, UBS Group increased their price objective on Ball from $60.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.46.

Several hedge funds have recently modified their holdings of BLL. Jackson Square Partners LLC purchased a new position in shares of Ball during the 1st quarter worth approximately $254,594,000. Morgan Stanley raised its stake in shares of Ball by 448.7% during the 2nd quarter. Morgan Stanley now owns 4,160,497 shares of the industrial products company’s stock worth $291,191,000 after buying an additional 3,402,247 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Ball by 3,691.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,669,736 shares of the industrial products company’s stock worth $186,855,000 after buying an additional 2,599,325 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Ball by 337.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,025,664 shares of the industrial products company’s stock worth $71,512,000 after buying an additional 791,190 shares in the last quarter. Finally, Invesco Ltd. raised its stake in shares of Ball by 32.5% during the 2nd quarter. Invesco Ltd. now owns 3,069,194 shares of the industrial products company’s stock worth $214,814,000 after buying an additional 752,801 shares in the last quarter. 79.67% of the stock is owned by institutional investors and hedge funds.

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

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