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Ball Corp director sells $349,485 in company stock

Published 22-05-2024, 04:48 am

In a recent transaction on May 17, Pedro Henrique Mariani, a director at Ball Corp (NYSE:BALL), sold 5,000 shares of the company's common stock. The sale was executed at a weighted average price of $69.8971 per share, bringing the total value of the transaction to approximately $349,485. This transaction was conducted in multiple trades with prices ranging from $69.83 to $70.02.

Following the sale, Mariani holds a total of 9,843.9384 shares of Ball Corp directly. The details of the sale, including the range of prices at which the stock was sold, have been made available in accordance with regulatory requirements. Mariani has agreed to provide full information regarding the number of shares and the prices at which the transactions were carried out upon request by the SEC staff, the issuer, or a security holder of the issuer.

Investors and shareholders of Ball Corp may find this information relevant as it reflects changes in ownership by key insiders of the company. Transactions by company directors and other insiders can provide insights into their perspective on the company's current valuation and future prospects.

Ball Corp, known for its production of metal cans and various packaging solutions, is a key player in the manufacturing sector. The company has a significant presence in the industry and has been a part of the corporate landscape for many years, adapting to market demands and expanding its product offerings.

For further details on Mariani's current holdings and past transactions, interested parties can refer to previous Form 4 filings. These filings provide a broader context for the director's ongoing investment decisions and beneficial ownership in Ball Corp.

InvestingPro Insights

As Ball Corp continues to navigate the manufacturing sector with its array of packaging solutions, recent market data and InvestingPro Tips offer a snapshot of the company's financial standing. With a market capitalization of approximately $21.83 billion, Ball Corp is trading at a price-to-earnings (P/E) ratio of 5.24. However, when adjusted for the last twelve months as of Q1 2024, the P/E ratio stands at a higher 32.02, indicating a significant difference when considering the company's earnings over a more extended period.

The company has also demonstrated a consistent commitment to its shareholders, maintaining dividend payments for an impressive 52 consecutive years, with a current dividend yield of 1.14%. This long history of dividend payments could be a sign of the company's stability and commitment to returning value to its shareholders. Moreover, Ball Corp's stock has seen a large price uptick over the last six months, with a 31.71% price total return, trading near its 52-week high at 98.63% of the peak price.

InvestingPro Tips suggest that Ball Corp exhibits high shareholder yield and a generally low price volatility, which may appeal to investors looking for stable returns. However, it is also noted that the stock is trading at a high earnings multiple, and nine analysts have revised their earnings downwards for the upcoming period, which could indicate potential concerns about the company's future earnings growth.

For those considering an investment in Ball Corp, or for current shareholders looking to deepen their analysis, InvestingPro offers additional insights. There are currently 13 more tips available on InvestingPro that could further inform investment decisions. To access these tips and make the most of the comprehensive financial data, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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