Senator Investment Group Lp Lowers stake in Ball Corporation (BLL)

Ball Corporation (BLL) : Senator Investment Group Lp reduced its stake in Ball Corporation by 1.01% during the most recent quarter end. The investment management company now holds a total of 5,300,000 shares of Ball Corporation which is valued at $403,701,000 after selling 53,839 shares in Ball Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Ball Corporation makes up approximately 5.68% of Senator Investment Group Lp’s portfolio.

Other Hedge Funds, Including , Sunbelt Securities sold out all of its stake in BLL during the most recent quarter. The investment firm sold 264 shares of BLL which is valued $20,109.Pacer Advisors boosted its stake in BLL in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 3,351 shares of Ball Corporation which is valued at $254,307. Ball Corporation makes up approx 0.04% of Pacer Advisors’s portfolio.Teacher Retirement System Of Texas reduced its stake in BLL by selling 3,236 shares or 33.58% in the most recent quarter. The Hedge Fund company now holds 6,400 shares of BLL which is valued at $489,472.Sumitomo Life Insurance Co reduced its stake in BLL by selling 1,277 shares or 10.83% in the most recent quarter. The Hedge Fund company now holds 10,515 shares of BLL which is valued at $838,571. Ball Corporation makes up approx 0.13% of Sumitomo Life Insurance Co’s portfolio.Louisiana State Employees Retirement System reduced its stake in BLL by selling 300 shares or 2.63% in the most recent quarter. The Hedge Fund company now holds 11,100 shares of BLL which is valued at $885,225. Ball Corporation makes up approx 0.05% of Louisiana State Employees Retirement System’s portfolio.

Ball Corporation closed down -0.1 points or -0.13% at $76.39 with 5,16,935 shares getting traded on Monday. Post opening the session at $76.41, the shares hit an intraday low of $76.17 and an intraday high of $76.77 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Ball Corporation reported $0.96 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.94. The company had revenue of $2815.00 million for the quarter, compared to analysts expectations of $2856.22 million. The company’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.10 EPS.

Investors should note that on Oct 26, 2016, Ball Corporation announced a cash dividend of $0.1300. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 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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