Charter Trust Co Lowers stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Charter Trust Co reduced its stake in Ball Corporation by 0.62% during the most recent quarter end. The investment management company now holds a total of 40,215 shares of Ball Corporation which is valued at $3,187,441 after selling 250 shares in Ball Corporation , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Ball Corporation makes up approximately 0.37% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in BLL in the latest quarter, The investment management firm added 9,010 additional shares and now holds a total of 39,018 shares of Ball Corporation which is valued at $3,092,567. Ball Corporation makes up approx 0.07% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio. Pensionfund Sabic sold out all of its stake in BLL during the most recent quarter. The investment firm sold 5,710 shares of BLL which is valued $447,550.Legal General Group Plc reduced its stake in BLL by selling 123,965 shares or 13.56% in the most recent quarter. The Hedge Fund company now holds 790,463 shares of BLL which is valued at $61,956,490. Ball Corporation makes up approx 0.06% of Legal General Group Plc’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in BLL by selling 12,402 shares or 40.85% in the most recent quarter. The Hedge Fund company now holds 17,955 shares of BLL which is valued at $1,422,395. Ball Corporation makes up approx 0.03% of Oregon Public Employees Retirement Fund’s portfolio.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.

Ball Corporation opened for trading at $79.14 and hit $79.79 on the upside on Friday, eventually ending the session at $79.26, with a gain of 0.84% or 0.66 points. The heightened volatility saw the trading volume jump to 5,32,320 shares. Company has a market cap of $13,809 M.

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.

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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