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 3.45% during the most recent quarter end. The investment management company now holds a total of 58,621 shares of Ball Corporation which is valued at $4,106,401 after selling 2,095 shares in Ball Corporation , the firm said in a disclosure report filed with the SEC on Jul 5, 2016.Ball Corporation makes up approximately 2.15% of Indiana Trust Investment Management Co’s portfolio.

Other Hedge Funds, Including , Pensionfund Sabic added BLL to its portfolio by purchasing 5,710 company shares during the most recent quarter which is valued at $399,986. Ball Corporation makes up approx 0.12% of Pensionfund Sabic’s portfolio.

Ball Corporation opened for trading at $72 and hit $72.05 on the upside on Monday, eventually ending the session at $71.7, with a gain of 0.11% or 0.08 points. The heightened volatility saw the trading volume jump to 15,31,441 shares. Company has a market cap of $10,162 M.

On the company’s financial health, Ball Corporation reported $0.59 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $1756.00 million for the quarter, compared to analysts expectations of $1881.80 million. The company’s revenue was down -8.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Many Wall Street Analysts have commented on Ball Corporation. BofA/Merrill Resumed Ball Corporation on Jul 7, 2016 to “Buy”, Price Target of the shares are set at $80.

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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