Orion Portfolio Solutions LLC Sells 273 Shares of Berry Global Group, Inc. (NYSE:BERY)

Orion Portfolio Solutions LLC lowered its stake in Berry Global Group, Inc. (NYSE:BERYFree Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,025 shares of the industrial products company’s stock after selling 273 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Berry Global Group were worth $469,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in shares of Berry Global Group during the 4th quarter valued at $31,000. Blue Trust Inc. lifted its position in shares of Berry Global Group by 203.7% in the fourth quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 436 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Berry Global Group in the third quarter worth about $102,000. CWM LLC grew its position in shares of Berry Global Group by 200.0% during the fourth quarter. CWM LLC now owns 1,575 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Berry Global Group during the 3rd quarter valued at approximately $226,000. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Stock Performance

NYSE BERY opened at $61.00 on Friday. The business’s 50 day moving average price is $58.95 and its 200-day moving average price is $61.88. Berry Global Group, Inc. has a fifty-two week low of $53.92 and a fifty-two week high of $69.93. The company has a market cap of $6.98 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.27 and a beta of 1.19. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.74.

Berry Global Group (NYSE:BERYGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.05. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Berry Global Group had a net margin of 4.12% and a return on equity of 26.55%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.96 earnings per share. Sell-side analysts predict that Berry Global Group, Inc. will post 7.43 earnings per share for the current year.

Berry Global Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, June 3rd. Berry Global Group’s payout ratio is currently 26.13%.

Insiders Place Their Bets

In other Berry Global Group news, Director Peter T. Thomas bought 1,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $59.50 per share, with a total value 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Peter T. Thomas bought 1,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was purchased at an average cost of $59.50 per share, with a total value of $59,500.00. Following the completion of the purchase, the director now owns 4,407 shares of the company’s stock, valued at $262,216.50. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 119,384 shares in the company, valued at approximately $7,197,661.36. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $65.00 price objective (down from $68.00) on shares of Berry Global Group in a report on Tuesday, April 16th. TheStreet downgraded shares of Berry Global Group from a “b-” rating to a “c+” rating in a report on Monday, February 26th. Bank of America increased their price objective on shares of Berry Global Group from $74.00 to $81.00 and gave the company a “buy” rating in a report on Friday, May 10th. Wolfe Research initiated coverage on Berry Global Group in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Finally, Mizuho dropped their price target on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.60.

Check Out Our Latest Analysis on BERY

Berry Global Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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