The Ball Corp. (BLL) To Go Ex-Dividend on November 29th

The Ball Corp. (BLL) To Go Ex-Dividend on November 29th

Ball Corp. (NYSE:BLL) declared a quarterly dividend on Wednesday, October 26th. Stockholders of record on Thursday, December 1st will be paid a dividend of 0.13 per share on Thursday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Tuesday, November 29th.

Ball Corp. (NYSE:BLL) opened at 77.05 on Monday. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 44.18 and a beta of 1.05. Ball Corp. has a 12 month low of $62.30 and a 12 month high of $82.24. The stock’s 50 day moving average is $78.10 and its 200-day moving average is $75.84.

Ball Corp. (NYSE:BLL) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01. The firm earned $2.80 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Ball Corp. had a return on equity of 20.89% and a net margin of 3.54%. Ball Corp.’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. On average, equities research analysts expect that Ball Corp. will post $3.46 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Ball Corp. by 16.2% in the second quarter. FMR LLC now owns 6,345,042 shares of the company’s stock valued at $458,683,000 after buying an additional 885,627 shares in the last quarter. State Street Corp increased its position in shares of Ball Corp. by 8.6% in the second quarter. State Street Corp now owns 6,003,676 shares of the company’s stock worth $434,001,000 after buying an additional 476,837 shares during the last quarter. Senator Investment Group LP increased its position in shares of Ball Corp. by 4.0% in the second quarter. Senator Investment Group LP now owns 5,353,839 shares of the company’s stock worth $387,029,000 after buying an additional 203,839 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of Ball Corp. by 15.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,326,821 shares of the company’s stock worth $312,786,000 after buying an additional 588,372 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Ball Corp. by 19.1% in the second quarter. Janus Capital Management LLC now owns 3,790,896 shares of the company’s stock worth $274,044,000 after buying an additional 609,279 shares during the last quarter. 76.84% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on BLL shares. Bank of America Corp. restated a “buy” rating and issued a $90.00 price target on shares of Ball Corp. in a report on Thursday, September 29th. Zacks Investment Research cut Ball Corp. from a “buy” rating to a “hold” rating in a report on Monday, November 7th. Robert W. Baird reaffirmed an “outperform” rating and issued a $85.00 target price on shares of Ball Corp. in a research report on Sunday, August 7th. TheStreet raised Ball Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 4th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $93.00 target price (down from $94.00) on shares of Ball Corp. in a research report on Thursday, November 10th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $85.29.

About Ball Corp.

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