Berry Global Group, Inc. (NYSE:BERY) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC decreased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 9.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 26,092 shares of the industrial products company’s stock after selling 2,835 shares during the period. EverSource Wealth Advisors LLC’s holdings in Berry Global Group were worth $1,687,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BERY. UMB Bank n.a. lifted its holdings in shares of Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 306 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 821 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company’s stock worth $69,000 after buying an additional 876 shares in the last quarter. Merit Financial Group LLC acquired a new position in Berry Global Group in the 4th quarter worth $200,000. Finally, Townsquare Capital LLC acquired a new position in Berry Global Group in the 3rd quarter worth $201,000. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Performance

Shares of Berry Global Group stock opened at $71.15 on Thursday. The firm has a market cap of $8.24 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The firm’s 50-day simple moving average is $69.22 and its 200-day simple moving average is $68.42. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. Berry Global Group, Inc. has a 1 year low of $55.24 and a 1 year high of $74.24.

Berry Global Group (NYSE:BERY) last issued its earnings results 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. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. Equities analysts forecast that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Monday, March 3rd. Berry Global Group’s dividend payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BERY shares. Royal Bank of Canada boosted their price objective on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a report on Thursday, November 21st. StockNews.com started coverage on shares of Berry Global Group in a report on Sunday. They issued a “buy” rating on the stock. Citigroup reiterated a “neutral” rating and issued a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Barclays boosted their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $76.00 price objective (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $74.56.

About Berry Global Group

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.