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

Raymond James Financial Services Advisors Inc. cut its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 63.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,308 shares of the industrial products company’s stock after selling 5,660 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Berry Global Group were worth $223,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BERY. Coombe Bender & Co LLC raised its position in shares of Berry Global Group by 3.3% in the 3rd quarter. Coombe Bender & Co LLC now owns 6,225 shares of the industrial products company’s stock valued at $385,000 after acquiring an additional 196 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Berry Global Group by 0.3% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 78,197 shares of the industrial products company’s stock valued at $4,841,000 after acquiring an additional 222 shares during the period. First Horizon Advisors Inc. raised its position in shares of Berry Global Group by 69.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 546 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 224 shares during the period. Meritage Portfolio Management raised its position in shares of Berry Global Group by 5.5% in the 3rd quarter. Meritage Portfolio Management now owns 8,668 shares of the industrial products company’s stock valued at $537,000 after acquiring an additional 449 shares during the period. Finally, Navellier & Associates Inc. increased its stake in Berry Global Group by 8.5% during the 3rd quarter. Navellier & Associates Inc. now owns 6,567 shares of the industrial products company’s stock worth $407,000 after purchasing an additional 513 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Jonathan F. Foster purchased 1,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $58.49 per share, with a total value of $58,490.00. Following the acquisition, the director now directly owns 5,728 shares of the company’s stock, valued at approximately $335,030.72. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Peter T. Thomas bought 2,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was bought at an average price of $56.00 per share, with a total value of $112,000.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $112,000. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jonathan F. Foster bought 1,000 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost of $58.49 per share, with a total value of $58,490.00. Following the acquisition, the director now directly owns 5,728 shares of the company’s stock, valued at approximately $335,030.72. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

Berry Global Group Price Performance

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

Berry Global Group (NYSE:BERY) last released its earnings results 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 net margin of 4.51% and a return on equity of 26.79%. The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the prior year, the business posted $1.30 earnings per share. Berry Global Group’s quarterly revenue was down 6.8% compared to the same quarter last year. On average, research analysts expect that Berry Global Group, Inc. will post 7.38 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.275 per share. 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 is 23.66%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BERY shares. Mizuho lowered their target price 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. UBS Group raised their price target on shares of Berry Global Group from $76.00 to $89.00 and gave the stock a “buy” rating in a research note on Tuesday, January 16th. Wolfe Research assumed coverage on shares of Berry Global Group in a research note on Friday, March 1st. They set a “peer perform” rating for the company. Barclays decreased their price target on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, February 12th. Finally, TheStreet cut shares of Berry Global Group from a “b-” rating to a “c+” rating in a research note on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.