Senator Investment Group Lp buys $429,913,272 stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Senator Investment Group Lp scooped up 203,839 additional shares in Ball Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 5,353,839 shares of Ball Corporation which is valued at $429,913,272.Ball Corporation makes up approximately 6.44% of Senator Investment Group Lp’s portfolio.

Other Hedge Funds, Including , Liberty Mutual Group Asset Management boosted its stake in BLL in the latest quarter, The investment management firm added 1,867 additional shares and now holds a total of 12,373 shares of Ball Corporation which is valued at $993,552. Ball Corporation makes up approx 0.04% of Liberty Mutual Group Asset Management’s portfolio.Fayez Sarofim Co reduced its stake in BLL by selling 175 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 6,125 shares of BLL which is valued at $491,838. Lsv Asset Management added BLL to its portfolio by purchasing 99,360 company shares during the most recent quarter which is valued at $7,864,344. Ball Corporation makes up approx 0.02% of Lsv Asset Management’s portfolio.Sumitomo Life Insurance Co reduced its stake in BLL by selling 450 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 11,792 shares of BLL which is valued at $824,615. Ball Corporation makes up approx 0.11% of Sumitomo Life Insurance Co’s portfolio.

Ball Corporation opened for trading at $78.74 and hit $79.3 on the upside on Monday, eventually ending the session at $78.94, with a gain of 0.32% or 0.25 points. The heightened volatility saw the trading volume jump to 12,44,199 shares. Company has a market cap of $13,754 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.

Investors should note that on Jul 27, 2016, Ball Corporation announced a cash dividend of $0.1300. The company’s management has announced Aug 30, 2016 as the ex-dividend date and fixed the record date on Sep 1, 2016. The payable date has been fixed on Sep 15, 2016.

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.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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