Traders Sell Shares of Ball Co. (BLL) on Strength on Insider Selling

Investors sold shares of Ball Co. (NYSE:BLL) on strength during trading on Wednesday after an insider sold shares in the company. $4.81 million flowed into the stock on the tick-up and $32.41 million flowed out of the stock on the tick-down, for a money net flow of $27.60 million out of the stock. Of all equities tracked, Ball had the 0th highest net out-flow for the day. Ball traded up $0.19 for the day and closed at $40.32Specifically, SVP Lisa Ann Pauley sold 5,752 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $73.89, for a total value of $425,015.28. Following the completion of the transaction, the senior vice president now owns 54,437 shares of the company’s stock, valued at approximately $4,022,349.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R David Hoover sold 8,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $40.02, for a total value of $320,160.00. Following the completion of the transaction, the director now directly owns 175,260 shares of the company’s stock, valued at approximately $7,013,905.20. The disclosure for this sale can be found here. Insiders sold a total of 59,793 shares of company stock valued at $3,082,110 in the last ninety days. 3.50% of the stock is currently owned by insiders.

A number of equities analysts recently weighed in on the company. ValuEngine raised Ball from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 18th. Vertical Research cut Ball from a “buy” rating to a “hold” rating and set a $41.50 price target for the company. in a report on Monday, May 15th. Jefferies Group LLC upped their price target on Ball from $45.00 to $47.50 and gave the stock a “buy” rating in a report on Monday, May 15th. Zacks Investment Research raised Ball from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, TheStreet raised Ball from a “c+” rating to a “b” rating in a report on Thursday, May 4th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $42.23.

The company’s 50-day moving average price is $69.73 and its 200 day moving average price is $73.82. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 30.00 and a beta of 0.98.

Ball (NYSE:BLL) last posted its quarterly earnings results on Thursday, May 4th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. Ball had a net margin of 2.81% and a return on equity of 18.44%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 40.8% on a year-over-year basis. Equities analysts expect that Ball Co. will post $2.15 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Thursday, June 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.99%. This is an increase from Ball’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Tuesday, May 30th. Ball’s dividend payout ratio (DPR) is presently 30.23%.

Several large investors have recently bought and sold shares of BLL. Cleararc Capital Inc. increased its stake in Ball by 0.9% in the first quarter. Cleararc Capital Inc. now owns 4,297 shares of the industrial products company’s stock worth $319,000 after buying an additional 38 shares during the last quarter. Suntrust Banks Inc. increased its stake in Ball by 1.4% in the third quarter. Suntrust Banks Inc. now owns 3,522 shares of the industrial products company’s stock worth $287,000 after buying an additional 47 shares during the last quarter. TCW Group Inc. increased its stake in Ball by 0.4% in the fourth quarter. TCW Group Inc. now owns 12,900 shares of the industrial products company’s stock worth $968,000 after buying an additional 50 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Ball by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,021 shares of the industrial products company’s stock worth $752,000 after buying an additional 70 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Ball by 2.1% in the first quarter. Fifth Third Bancorp now owns 3,646 shares of the industrial products company’s stock worth $271,000 after buying an additional 75 shares during the last quarter. Institutional investors own 83.42% of the company’s stock.

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Ball Company Profile

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.

12 Month Chart for NYSE:BLL

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