Berry Global Group, Inc. (NYSE:BERY) Position Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 75,496 shares of the industrial products company’s stock after selling 6,232 shares during the period. EverSource Wealth Advisors LLC’s holdings in Berry Global Group were worth $4,276,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BERY. FORA Capital LLC purchased a new stake in Berry Global Group during the first quarter valued at about $1,492,000. Thompson Investment Management Inc. lifted its stake in Berry Global Group by 74.0% during the first quarter. Thompson Investment Management Inc. now owns 109,047 shares of the industrial products company’s stock valued at $6,595,000 after buying an additional 46,379 shares in the last quarter. Sei Investments Co. lifted its stake in Berry Global Group by 8.3% during the first quarter. Sei Investments Co. now owns 161,605 shares of the industrial products company’s stock valued at $9,774,000 after buying an additional 12,385 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Berry Global Group by 11.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 131,860 shares of the industrial products company’s stock valued at $7,767,000 after buying an additional 13,398 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in Berry Global Group by 33.8% during the first quarter. Russell Investments Group Ltd. now owns 37,552 shares of the industrial products company’s stock valued at $2,271,000 after buying an additional 9,483 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BERY shares. Bank of America upped their price objective on shares of Berry Global Group from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 10th. StockNews.com raised shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 27th. Robert W. Baird reissued a “neutral” rating and issued a $65.00 price target (down from $68.00) on shares of Berry Global Group in a research report on Tuesday, April 16th. Finally, UBS Group reduced their price target on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.40.

Berry Global Group Stock Down 4.2 %

BERY traded down $2.73 during midday trading on Friday, hitting $62.92. 2,342,215 shares of the company’s stock traded hands, compared to its average volume of 857,645. The company has a market cap of $7.20 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.17. The stock’s fifty day simple moving average is $61.02 and its 200-day simple moving average is $60.43. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01. Berry Global Group, Inc. has a one year low of $53.92 and a one year high of $69.93.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.16. Berry Global Group had a net margin of 4.12% and a return on equity of 26.55%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts anticipate that Berry Global Group, Inc. will post 7.44 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.275 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $1.10 annualized dividend and a yield of 1.75%. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total transaction of $67,404.22. Following the transaction, the chief financial officer now owns 119,384 shares in the company, valued at $7,197,661.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Peter T. Thomas acquired 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the completion of the purchase, the director now owns 4,407 shares in the company, valued at approximately $262,216.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total transaction of $67,404.22. Following the completion of the sale, the chief financial officer now owns 119,384 shares in the company, valued at approximately $7,197,661.36. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Berry Global Group Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products in consumer and industrial end markets in the United States, Canada, Europe, and internationally. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments.