Ameritas Investment Partners Inc. Decreases Position in Berry Global Group, Inc. (NYSE:BERY)

Ameritas Investment Partners Inc. decreased its position in Berry Global Group, Inc. (NYSE:BERY) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,858 shares of the industrial products company’s stock after selling 518 shares during the period. Ameritas Investment Partners Inc.’s holdings in Berry Global Group were worth $1,987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Berry Global Group during the 4th quarter valued at approximately $31,000. Blue Trust Inc. lifted its holdings in Berry Global Group by 203.7% during the 4th quarter. Blue Trust Inc. now owns 650 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 436 shares in the last quarter. Quarry LP boosted its stake in Berry Global Group by 433.1% in the 4th quarter. Quarry LP now owns 757 shares of the industrial products company’s stock worth $51,000 after purchasing an additional 615 shares during the period. Covestor Ltd increased its position in shares of Berry Global Group by 87.5% during the first quarter. Covestor Ltd now owns 1,691 shares of the industrial products company’s stock valued at $103,000 after buying an additional 789 shares during the period. Finally, CWM LLC boosted its position in shares of Berry Global Group by 200.0% in the fourth quarter. CWM LLC now owns 1,575 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 1,050 shares during the period. 95.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BERY has been the subject of several analyst reports. Truist Financial reissued a “hold” rating and issued a $68.00 price target (down from $75.00) on shares of Berry Global Group in a report on Wednesday, March 27th. StockNews.com lowered Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Bank of America lifted their target price on shares of Berry Global Group from $74.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, May 10th. UBS Group cut their target price on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Finally, Robert W. Baird reissued a “neutral” rating and set a $65.00 price target (down from $68.00) on shares of Berry Global Group in a research note on Tuesday, April 16th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Berry Global Group currently has an average rating of “Hold” and a consensus target price of $71.40.

Insider Activity

In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $60.29, for a total value of $67,404.22. Following the completion of the sale, the chief financial officer now directly owns 119,384 shares in the company, valued at $7,197,661.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the completion of the transaction, the chief financial officer now owns 119,384 shares in the company, valued at $7,197,661.36. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter T. Thomas bought 1,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average price of $59.50 per share, for a total transaction of $59,500.00. Following the acquisition, the director now owns 4,407 shares in the company, valued at approximately $262,216.50. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Berry Global Group Trading Down 0.3 %

Shares of NYSE BERY traded down $0.20 during trading hours on Wednesday, hitting $63.59. The company’s stock had a trading volume of 212,443 shares, compared to its average volume of 1,088,970. Berry Global Group, Inc. has a 12 month low of $53.92 and a 12 month high of $69.93. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 15.13, a P/E/G ratio of 1.28 and a beta of 1.16. The company has a debt-to-equity ratio of 2.64, a quick ratio of 1.01 and a current ratio of 1.74. The business has a 50-day simple moving average of $60.31 and a 200-day simple moving average of $60.43.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Thursday, May 9th. The industrial products company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.90 by $0.05. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.96 EPS. On average, analysts anticipate that Berry Global Group, Inc. will post 7.44 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.275 dividend. The ex-dividend date was Monday, June 3rd. This represents a $1.10 annualized dividend and a dividend yield of 1.73%. Berry Global Group’s dividend payout ratio is 26.13%.

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.