Indiana Trust Investment Management Co Lowers stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Indiana Trust Investment Management Co reduced its stake in Ball Corporation by 1.77% during the most recent quarter end. The investment management company now holds a total of 57,581 shares of Ball Corporation which is valued at $4,571,931 after selling 1,040 shares in Ball Corporation , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.Ball Corporation makes up approximately 2.40% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in BLL by selling 3,241 shares or 2.16% in the most recent quarter. The Hedge Fund company now holds 146,638 shares of BLL which is valued at $11,643,057. Ball Corporation makes up approx 0.06% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added BLL to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $1,112.

Ball Corporation closed down -1.42 points or -1.76% at $79.43 with 8,01,854 shares getting traded on Tuesday. Post opening the session at $80.73, the shares hit an intraday low of $79.39 and an intraday high of $80.91 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Ball Corporation reported $1.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.99. The company had revenue of $2030.00 million for the quarter, compared to analysts expectations of $2175.76 million. The company’s revenue was down -6.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.

Many Wall Street Analysts have commented on Ball Corporation. Ball Corporation was Resumed by Citigroup to “Neutral” on Jul 29, 2016. Barclays Resumed Ball Corporation on Jul 14, 2016 to “Equal Weight”, Price Target of the shares are set at $75.

Ball Corporation (Ball) is a supplier of metal packaging to the beverage food personal care and household products industries. The Company operates in four segments. The metal beverage packaging Americas and Asia segment consists of operations in the United States Canada Brazil and the PRC which manufacture aluminum containers used in beverage packaging. . The metal beverage packaging Europe segment consists of operations in Europe which manufacture and sell metal beverage containers. The metal food and household products packaging segment consists of operations in the United States Europe Canada Mexico and Argentina that manufacture and sell metal food aerosol paint general line and extruded aluminum containers decorative specialty containers and aluminum slugs. The aerospace and technologies segment consists of the manufacture and sale of aerospace and other related products and services provided for the defense civil space and commercial space industries.

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