Berry Global Group, Inc. (NYSE:BERY) Shares Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC raised its position in Berry Global Group, Inc. (NYSE:BERY) by 27.9% in the 4th quarter, Holdings Channel reports. The fund owned 7,072 shares of the industrial products company’s stock after purchasing an additional 1,543 shares during the period. CWA Asset Management Group LLC’s holdings in Berry Global Group were worth $457,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd acquired a new position in shares of Berry Global Group in the second quarter worth about $27,000. Quest Partners LLC increased its holdings in Berry Global Group by 54,800.0% during the 2nd quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 548 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Berry Global Group during the 2nd quarter valued at approximately $42,000. Capital Performance Advisors LLP acquired a new stake in shares of Berry Global Group during the third quarter worth approximately $75,000. Finally, GAMMA Investing LLC grew its position in shares of Berry Global Group by 332.6% during the third quarter. GAMMA Investing LLC now owns 1,181 shares of the industrial products company’s stock worth $80,000 after buying an additional 908 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company’s stock.

Insider Activity at Berry Global Group

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 value of $981,820.00. Following the sale, the director now directly owns 30,228 shares in the company, valued at $2,119,889.64. This trade represents a 31.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

BERY has been the topic of several recent analyst reports. UBS Group cut shares of Berry Global Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $82.00 to $75.00 in a report on Friday, November 22nd. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. 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 report on Wednesday, November 27th. StockNews.com started coverage on Berry Global Group in a research note on Saturday, January 4th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada boosted their price target on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a report on Thursday, November 21st. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $73.60.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $66.25 on Thursday. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80. The firm has a market capitalization of $7.63 billion, a PE ratio of 15.09, a P/E/G ratio of 1.38 and a beta of 1.16. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $73.31. The business’s fifty day moving average price is $67.84 and its two-hundred day moving average price is $66.16.

Berry Global Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio (DPR) is 28.25%.

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.