Leeward Investments LLC MA Sells 7,494 Shares of Berry Global Group, Inc. (NYSE:BERY)

Leeward Investments LLC MA lowered its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,332 shares of the industrial products company’s stock after selling 7,494 shares during the quarter. Leeward Investments LLC MA owned 0.15% of Berry Global Group worth $9,789,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BERY. Blue Trust Inc. increased its position in Berry Global Group by 68.8% in the second quarter. Blue Trust Inc. now owns 1,536 shares of the industrial products company’s stock worth $93,000 after buying an additional 626 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in Berry Global Group by 9.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock valued at $240,000 after buying an additional 355 shares during the period. Curated Wealth Partners LLC grew its position in Berry Global Group by 200.0% during the 2nd quarter. Curated Wealth Partners LLC now owns 59,550 shares of the industrial products company’s stock worth $3,505,000 after acquiring an additional 119,100 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Berry Global Group by 8.1% during the second quarter. Sound Income Strategies LLC now owns 59,118 shares of the industrial products company’s stock valued at $3,479,000 after purchasing an additional 4,436 shares during the period. Finally, QRG Capital Management Inc. increased its stake in shares of Berry Global Group by 37.3% in the second quarter. QRG Capital Management Inc. now owns 7,828 shares of the industrial products company’s stock worth $461,000 after buying an additional 2,126 shares during the period. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.1 %

NYSE BERY traded down $0.07 during trading hours on Monday, reaching $64.81. 17,499 shares of the company’s stock traded hands, compared to its average volume of 1,071,200. Berry Global Group, Inc. has a 52-week low of $53.92 and a 52-week high of $69.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01. The firm has a 50-day simple moving average of $61.73 and a 200 day simple moving average of $60.12. The firm has a market cap of $7.41 billion, a PE ratio of 15.41, a PEG ratio of 1.33 and a beta of 1.17.

Berry Global Group (NYSE:BERY) last announced its earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.16. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.26 billion. Berry Global Group had a net margin of 4.12% and a return on equity of 26.55%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 earnings per share. Sell-side analysts anticipate that Berry Global Group, Inc. will post 7.44 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.70%. The ex-dividend date is Tuesday, September 3rd. Berry Global Group’s dividend payout ratio is presently 26.13%.

Insider Buying and Selling

In other news, Director Peter T. Thomas purchased 1,000 shares of Berry Global Group stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average price of $59.50 per share, with a total value of $59,500.00. Following the completion of the transaction, the director now directly owns 4,407 shares of the company’s stock, valued at $262,216.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

BERY has been the topic of a number of analyst reports. StockNews.com upgraded shares of Berry Global Group from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Bank of America boosted their target price on Berry Global Group from $74.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, UBS Group cut 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 report on Wednesday, July 17th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, Berry Global Group has an average rating of “Moderate Buy” and an average target price of $71.40.

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.