Raymond James Financial Services Advisors Inc. Has $223,000 Stake in Berry Global Group, Inc. (NYSE:BERY)

Raymond James Financial Services Advisors Inc. trimmed its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 63.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,308 shares of the industrial products company’s stock after selling 5,660 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Berry Global Group were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Coombe Bender & Co LLC grew its holdings in Berry Global Group by 3.3% during the third quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company’s stock worth $385,000 after buying an additional 196 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Berry Global Group by 0.3% during the third quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock worth $4,841,000 after buying an additional 222 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in Berry Global Group by 69.6% during the third quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock worth $34,000 after buying an additional 224 shares in the last quarter. Meritage Portfolio Management grew its holdings in Berry Global Group by 5.5% during the third quarter. Meritage Portfolio Management now owns 8,668 shares of the industrial products company’s stock worth $537,000 after buying an additional 449 shares in the last quarter. Finally, Navellier & Associates Inc. grew its holdings in Berry Global Group by 8.5% during the third quarter. Navellier & Associates Inc. now owns 6,567 shares of the industrial products company’s stock worth $407,000 after buying an additional 513 shares in the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Jonathan F. Foster acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average price of $58.49 per share, with a total value of $58,490.00. Following the acquisition, the director now owns 5,728 shares in the company, valued at approximately $335,030.72. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Peter T. Thomas bought 2,000 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was acquired at an average price of $56.00 per share, for a total transaction of $112,000.00. Following the purchase, the director now directly owns 2,000 shares in the company, valued at $112,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jonathan F. Foster bought 1,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $58.49 per share, with a total value of $58,490.00. Following the purchase, the director now owns 5,728 shares in the company, valued at $335,030.72. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by insiders.

Berry Global Group Trading Up 1.0 %

Shares of Berry Global Group stock opened at $56.91 on Thursday. The stock has a fifty day moving average price of $58.83 and a 200-day moving average price of $61.45. Berry Global Group, Inc. has a 1 year low of $53.83 and a 1 year high of $69.93. The firm has a market cap of $6.60 billion, a PE ratio of 12.24, a P/E/G ratio of 0.77 and a beta of 1.25. The company has a debt-to-equity ratio of 2.62, a current ratio of 1.67 and a quick ratio of 0.95.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same period last year, the business posted $1.30 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. Equities research analysts anticipate that Berry Global Group, Inc. will post 7.38 EPS for the current year.

Berry Global Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend was Thursday, February 29th. Berry Global Group’s dividend payout ratio (DPR) is currently 23.66%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BERY. Mizuho decreased their price target on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 price target (down previously from $72.00) on shares of Berry Global Group in a report on Friday, March 15th. TheStreet downgraded Berry Global Group from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Finally, Truist Financial reaffirmed a “hold” rating and set a $68.00 target price (down from $75.00) on shares of Berry Global Group in a research report on Wednesday, March 27th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Berry Global Group has a consensus rating of “Hold” and a consensus target price of $72.00.

Berry Global Group Company 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.