Corient Private Wealth LLC Sells 1,880 Shares of Berry Global Group, Inc. (NYSE:BERY)

Corient Private Wealth LLC reduced its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 21.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,820 shares of the industrial products company’s stock after selling 1,880 shares during the quarter. Corient Private Wealth LLC’s holdings in Berry Global Group were worth $441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BERY. EdgePoint Investment Group Inc. raised its stake in shares of Berry Global Group by 2.2% during the third quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company’s stock valued at $1,038,674,000 after acquiring an additional 336,186 shares during the last quarter. State Street Corp raised its position in Berry Global Group by 10.4% during the 3rd quarter. State Street Corp now owns 3,831,824 shares of the industrial products company’s stock valued at $260,487,000 after purchasing an additional 360,857 shares during the last quarter. FMR LLC lifted its holdings in Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock worth $258,821,000 after buying an additional 1,055,756 shares during the period. Geode Capital Management LLC grew its position in shares of Berry Global Group by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 1,982,517 shares of the industrial products company’s stock worth $134,806,000 after buying an additional 27,437 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Berry Global Group by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 846,925 shares of the industrial products company’s stock valued at $54,771,000 after buying an additional 11,010 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Price Performance

BERY stock opened at $69.46 on Friday. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The firm has a 50 day moving average price of $70.20 and a 200-day moving average price of $68.62. Berry Global Group, Inc. has a 52-week low of $55.24 and a 52-week high of $74.24. The firm has a market capitalization of $8.04 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 1.54 and a beta of 1.13.

Berry Global Group (NYSE:BERY) last announced its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the business earned $1.22 earnings per share. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. Equities research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group’s payout ratio is 30.92%.

Wall Street Analysts Forecast Growth

BERY has been the topic of several recent analyst reports. Truist Financial lifted their price target on shares of Berry Global Group from $74.00 to $76.00 and gave the company a “hold” rating in a report on Monday, February 10th. StockNews.com initiated coverage on shares of Berry Global Group in a research report on Tuesday, March 25th. They set a “buy” rating on the stock. Finally, UBS Group increased their price target on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, February 7th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.56.

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.