The Divisional President of Ball is Exercising Options

Today it was reported that the Divisional President of Ball (BLLResearch Report), David Kaufman, exercised options to sell 9,571 BLL shares for a total transaction value of $915.8K.

This recent transaction decreases David Kaufman’s holding in the company by 169% to a total of $1.04 million. In addition to David Kaufman, 2 other BLL executives reported Sell trades in the last month.

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Based on Ball’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $3.46 billion and quarterly net profit of $202 million. In comparison, last year the company earned revenue of $2.8 billion and had a net profit of $94 million. The company has a one-year high of $102.76 and a one-year low of $77.95. BLL’s market cap is $30.26 billion and the company has a P/E ratio of 36.00.

Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $99.44, reflecting a -5.4% downside.

In the last 30 days, insiders have sold $1.13M worth of BLL shares and purchased $4.26M worth of BLL shares. The insider sentiment on Ball has been positive according to 155 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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Colorado-based Ball Corp. was founded in 1880 and provides aluminum packaging products to the beverage, personal care, automotive, paint, healthcare, and household products industries. It operates in four segments: Beverage Packaging, North and Central America; Beverage Packaging, South America; Beverage Packaging, Europe; and Aerospace.