The Executive Vice-President – Chief Financial Office of Ball is Exercising Options

Yesterday it was reported that the Executive Vice-President – Chief Financial Office of Ball (BLLResearch Report), Scott C Morrison, exercised options to sell 12,180 BLL shares for a total transaction value of $1.14M.

In addition to Scott C Morrison, 4 other BLL executives reported Sell trades in the last month. Following this transaction Scott C Morrison’s holding in the company was decreased by 2% to a total of $48.9 million.

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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 $30.17 billion and the company has a P/E ratio of 35.50.

Based on 10 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $99.44, reflecting a -6.8% downside.

In the last 30 days, insiders have sold $2.46M worth of BLL shares and purchased $1.5M worth of BLL shares. The insider sentiment on Ball has been positive according to 140 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.