Blue Trust Inc. raised its position in shares of Berry Global Group, Inc. (NYSE:BERY – Free Report) by 149.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,829 shares of the industrial products company’s stock after buying an additional 2,293 shares during the quarter. Blue Trust Inc.’s holdings in Berry Global Group were worth $260,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Altshuler Shaham Ltd purchased a new position in shares of Berry Global Group in the second quarter valued at $27,000. Quest Partners LLC grew its stake in shares of Berry Global Group by 54,800.0% in the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after buying an additional 548 shares in the last quarter. LRI Investments LLC grew its stake in shares of Berry Global Group by 1,309.1% in the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock worth $36,000 after buying an additional 576 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Berry Global Group in the 2nd quarter worth about $42,000. Finally, American Capital Advisory LLC purchased a new stake in shares of Berry Global Group during the 2nd quarter valued at about $44,000. Institutional investors own 95.36% of the company’s stock.
Insider Activity
In related news, Director Evan Bayh sold 14,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total value of $981,820.00. Following the transaction, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.00% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Berry Global Group
Berry Global Group Stock Performance
Shares of Berry Global Group stock opened at $68.50 on Friday. Berry Global Group, Inc. has a 52 week low of $53.92 and a 52 week high of $70.86. The company has a market capitalization of $7.84 billion, a PE ratio of 16.27, a price-to-earnings-growth ratio of 1.10 and a beta of 1.15. The stock’s fifty day moving average is $67.46 and its two-hundred day moving average is $62.80. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57.
Berry Global Group (NYSE:BERY – Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.16. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business posted $1.90 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, analysts expect that Berry Global Group, Inc. will post 7.6 earnings per share for the current year.
Berry Global Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio (DPR) is presently 26.13%.
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.
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