Comerica Bank boosted its stake in shares of Berry Global Group, Inc. (NYSE:BERY – Get Rating) by 17.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 36,972 shares of the industrial products company’s stock after acquiring an additional 5,530 shares during the period. Comerica Bank’s holdings in Berry Global Group were worth $1,739,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Ronald Blue Trust Inc. raised its position in shares of Berry Global Group by 33.5% during the 3rd quarter. Ronald Blue Trust Inc. now owns 928 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 233 shares during the last quarter. Greenleaf Trust raised its holdings in shares of Berry Global Group by 5.9% during the second quarter. Greenleaf Trust now owns 4,454 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 247 shares during the last quarter. American International Group Inc. raised its holdings in shares of Berry Global Group by 19.6% during the second quarter. American International Group Inc. now owns 1,690 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 277 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Berry Global Group by 4.0% during the first quarter. Great West Life Assurance Co. Can now owns 8,248 shares of the industrial products company’s stock valued at $509,000 after acquiring an additional 314 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in shares of Berry Global Group by 13.0% during the first quarter. Yousif Capital Management LLC now owns 4,212 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 485 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Berry Global Group
In related news, EVP Jason K. Greene sold 10,000 shares of Berry Global Group stock in a transaction that occurred on Tuesday, December 6th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the sale, the executive vice president now owns 250 shares in the company, valued at approximately $15,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by insiders.
Berry Global Group Price Performance
Berry Global Group (NYSE:BERY – Get Rating) last issued its quarterly earnings data on Tuesday, November 15th. The industrial products company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.04. Berry Global Group had a return on equity of 30.32% and a net margin of 5.28%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.68 billion. As a group, research analysts anticipate that Berry Global Group, Inc. will post 7.48 earnings per share for the current year.
Berry Global Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Thursday, December 1st were issued a $0.25 dividend. The ex-dividend date was Wednesday, November 30th. This represents a $1.00 annualized dividend and a yield of 1.68%. Berry Global Group’s dividend payout ratio (DPR) is presently 17.24%.
Analyst Ratings Changes
Several research firms recently commented on BERY. Deutsche Bank Aktiengesellschaft reduced their price objective on Berry Global Group from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Monday, October 24th. Truist Financial cut shares of Berry Global Group from a “buy” rating to a “hold” rating and set a $70.00 target price for the company. in a research report on Thursday, January 5th. UBS Group increased their price objective on shares of Berry Global Group from $69.00 to $75.00 in a report on Friday, November 25th. Citigroup increased their price objective on shares of Berry Global Group from $67.00 to $75.00 in a report on Wednesday, January 4th. Finally, Barclays increased their price objective on shares of Berry Global Group from $55.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, November 22nd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Berry Global Group presently has an average rating of “Moderate Buy” and an average target price of $68.50.
Berry Global Group Company Profile
Berry Global Group, Inc engages in the provision of innovative rigid, flexible, and non-woven products. It operates through the following segments: Consumer Packaging International, Consumer Packaging North America, Engineered Materials, and Health, Hygiene and Specialties. The Consumer Packaging International segment consists of rigid products that primarily service non-North American markets.
- Get a free copy of the StockNews.com research report on Berry Global Group (BERY)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving ’23 Growth
Receive News & Ratings for Berry Global Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Berry Global Group and related companies with MarketBeat.com's FREE daily email newsletter.