Callahan Advisors adds Ball Corporation (BLL) to its portfolio

Ball Corporation (BLL) : Callahan Advisors added new position in Ball Corporation during the most recent quarter end. The investment management firm now holds 4,124 shares of Ball Corporation which is valued at $326,868 , the company said in a statement filed on Oct 14, 2016 with the SEC.Ball Corporation makes up approximately 0.08% of Callahan Advisors’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in BLL in the latest quarter, The investment management firm added 9,621 additional shares and now holds a total of 113,132 shares of Ball Corporation which is valued at $8,966,842. Ball Corporation makes up approx 0.07% of National Pension Service’s portfolio.Capstone Asset Management Co reduced its stake in BLL by selling 150 shares or 0.5% in the most recent quarter. The Hedge Fund company now holds 29,920 shares of BLL which is valued at $2,345,130. Ball Corporation makes up approx 0.07% of Capstone Asset Management Co’s portfolio. Pensionfund Dsm Netherlands sold out all of its stake in BLL during the most recent quarter. The investment firm sold 14,005 shares of BLL which is valued $1,097,712. Headinvest sold out all of its stake in BLL during the most recent quarter. The investment firm sold 6,800 shares of BLL which is valued $538,696.Advisory Services Network boosted its stake in BLL in the latest quarter, The investment management firm added 227 additional shares and now holds a total of 248 shares of Ball Corporation which is valued at $19,423.

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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