Fragasso Group Lowers stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Fragasso Group reduced its stake in Ball Corporation by 5.38% during the most recent quarter end. The investment management company now holds a total of 19,576 shares of Ball Corporation which is valued at $1,414,953 after selling 1,112 shares in Ball Corporation , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.Ball Corporation makes up approximately 0.55% of Fragasso Group’s portfolio.

Ball Corporation opened for trading at $71.83 and hit $72.43 on the upside on Friday, eventually ending the session at $72.28, with a gain of 0.60% or 0.43 points. The heightened volatility saw the trading volume jump to 13,61,113 shares. Company has a market cap of $10,243 M.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in BLL in the latest quarter, The investment management firm added 3,949 additional shares and now holds a total of 34,504 shares of Ball Corporation which is valued at $2,493,949. Ball Corporation makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Triangle Securities Wealth Management reduced its stake in BLL by selling 50 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 4,620 shares of BLL which is valued at $325,571. Ball Corporation makes up approx 0.21% of Triangle Securities Wealth Management’s portfolio.Charter Trust Co reduced its stake in BLL by selling 554 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 41,394 shares of BLL which is valued at $2,917,035. Ball Corporation makes up approx 0.36% of Charter Trust Co’s portfolio.British Columbia Investment Management Corp reduced its stake in BLL by selling 6,346 shares or 9.25% in the most recent quarter. The Hedge Fund company now holds 62,296 shares of BLL which is valued at $4,389,999. Ball Corporation makes up approx 0.04% of British Columbia Investment Management Corp’s portfolio.Chevy Chase Trust Holdings boosted its stake in BLL in the latest quarter, The investment management firm added 9,283 additional shares and now holds a total of 120,957 shares of Ball Corporation which is valued at $8,523,840. Ball Corporation makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

On the company’s financial health, Ball Corporation reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 28, 2016. Analyst had a consensus of $0.75. The company had revenue of $1804.60 million for the quarter, compared to analysts expectations of $1933.11 million. The company’s revenue was down -11.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.

Many Wall Street Analysts have commented on Ball Corporation. JP Morgan Upgraded Ball Corporation on Mar 31, 2016 to ” Overweight”, Price Target of the shares are set at $79.

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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