Ball Co. (NYSE:BLL) declared a quarterly dividend on Wednesday, January 24th, RTT News reports. Shareholders of record on Thursday, March 1st will be paid a dividend of 0.10 per share by the industrial products company on Thursday, March 15th. This represents a $0.40 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, February 28th.
Ball has increased its dividend by an average of 12.0% per year over the last three years. Ball has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Ball to earn $2.68 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.9%.
Ball (NYSE:BLL) opened at $41.62 on Wednesday. Ball has a twelve month low of $35.60 and a twelve month high of $43.24. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $14,595.91, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 3.29 and a beta of 0.88.
Several brokerages have commented on BLL. TheStreet upgraded Ball from a “c+” rating to a “b-” rating in a report on Tuesday, March 6th. KeyCorp upgraded Ball from an “underweight” rating to a “sector weight” rating in a report on Monday, February 12th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $48.00 price objective (up from $47.00) on shares of Ball in a research report on Thursday, February 8th. Zacks Investment Research cut Ball from a “hold” rating to a “sell” rating in a research report on Monday, January 29th. Finally, Citigroup raised Ball from a “neutral” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $45.62.
In related news, COO James N. Peterson sold 1,349 shares of the firm’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $38.05, for a total value of $51,329.45. Following the completion of the transaction, the chief operating officer now directly owns 38,008 shares of the company’s stock, valued at $1,446,204.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman John A. Hayes sold 6,782 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $38.61, for a total value of $261,853.02. Following the completion of the transaction, the chairman now directly owns 398,485 shares of the company’s stock, valued at $15,385,505.85. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,677 shares of company stock valued at $1,867,290. 2.70% of the stock is owned by company insiders.
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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