Captrust Financial Advisors Cuts Holdings in Berry Global Group, Inc. (NYSE:BERY)

Captrust Financial Advisors trimmed its position in Berry Global Group, Inc. (NYSE:BERY) by 92.3% in the third quarter, HoldingsChannel reports. The firm owned 5,465 shares of the industrial products company’s stock after selling 65,270 shares during the quarter. Captrust Financial Advisors’ holdings in Berry Global Group were worth $372,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Berry Global Group by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock worth $240,000 after buying an additional 355 shares during the last quarter. Blue Trust Inc. grew its position in shares of Berry Global Group by 68.8% during the 2nd quarter. Blue Trust Inc. now owns 1,536 shares of the industrial products company’s stock valued at $93,000 after acquiring an additional 626 shares during the period. Shayne & Jacobs LLC increased its stake in shares of Berry Global Group by 2.0% during the 2nd quarter. Shayne & Jacobs LLC now owns 18,270 shares of the industrial products company’s stock worth $1,075,000 after purchasing an additional 360 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Berry Global Group in the 2nd quarter worth approximately $800,000. Finally, Dakota Wealth Management purchased a new position in Berry Global Group in the second quarter valued at approximately $1,481,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Insiders Place Their Bets

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the completion of the transaction, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Berry Global Group Stock Down 1.0 %

Shares of NYSE:BERY opened at $67.94 on Friday. The firm has a fifty day moving average price of $69.05 and a two-hundred day moving average price of $65.47. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.83%. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date is Monday, December 2nd. Berry Global Group’s payout ratio is presently 28.25%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. UBS Group downgraded Berry Global Group from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $82.00 to $75.00 in a research report on Friday, November 22nd. Barclays boosted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. Citigroup reiterated a “neutral” rating and set a $76.00 target price on shares of Berry Global Group in a research report on Monday, November 25th. Morgan Stanley assumed coverage on shares of Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target on the stock. Finally, StockNews.com initiated coverage on shares of Berry Global Group in a research note on Wednesday. They issued a “buy” rating for the company. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.73.

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.