Berry Global Group, Inc. (NYSE:BERY) Stock Holdings Reduced by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC reduced its position in Berry Global Group, Inc. (NYSE:BERY) by 6.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,819 shares of the industrial products company’s stock after selling 1,817 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Berry Global Group were worth $1,823,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. EdgePoint Investment Group Inc. lifted its stake in shares of Berry Global Group by 10.3% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 14,942,921 shares of the industrial products company’s stock valued at $879,391,000 after purchasing an additional 1,393,955 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Berry Global Group by 10.2% during the 1st quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company’s stock worth $782,070,000 after acquiring an additional 1,200,021 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Berry Global Group by 30.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock valued at $204,365,000 after acquiring an additional 807,211 shares in the last quarter. Eminence Capital LP lifted its holdings in Berry Global Group by 22.2% in the 2nd quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company’s stock worth $159,751,000 after purchasing an additional 492,793 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in Berry Global Group by 18.7% in the 1st quarter. Ancora Advisors LLC now owns 1,701,163 shares of the industrial products company’s stock worth $102,886,000 after purchasing an additional 267,413 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Berry Global Group Price Performance

NYSE:BERY opened at $67.89 on Wednesday. The company has a market capitalization of $7.78 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.11 and a beta of 1.14. The company has a 50-day moving average of $67.95 and a 200-day moving average of $63.93. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $71.63. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.08 and a current ratio of 1.82.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. This is an increase from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. Berry Global Group’s payout ratio is presently 26.50%.

Insider Activity

In related news, Director Evan Bayh sold 14,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares in the company, valued at $2,119,889.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analyst Weigh In

BERY has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. StockNews.com began coverage on shares of Berry Global Group in a report on Thursday, November 7th. They issued a “hold” rating on the stock. Truist Financial upped their price target on shares of Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Finally, Morgan Stanley began coverage on Berry Global Group in a research note on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective on the stock. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Berry Global Group presently has an average rating of “Hold” and a consensus target price of $71.22.

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.