Captrust Financial Advisors Sells 65,270 Shares of 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, according to its most recent filing with the SEC. The fund owned 5,465 shares of the industrial products company’s stock after selling 65,270 shares during the period. Captrust Financial Advisors’ holdings in Berry Global Group were worth $372,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. EdgePoint Investment Group Inc. increased its position in 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 acquiring an additional 1,393,955 shares during the period. FMR LLC grew its stake in shares of Berry Global Group by 38.4% in the third quarter. FMR LLC now owns 3,807,317 shares of the industrial products company’s stock worth $258,821,000 after purchasing an additional 1,055,756 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Berry Global Group by 30.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company’s stock valued at $204,365,000 after purchasing an additional 807,211 shares during the period. Eminence Capital LP raised its position in Berry Global Group by 22.2% during 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, AQR Capital Management LLC lifted its holdings in Berry Global Group by 29.2% during the 2nd quarter. AQR Capital Management LLC now owns 1,438,866 shares of the industrial products company’s stock worth $84,677,000 after buying an additional 325,562 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of the 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 completion of the sale, the director now directly owns 30,228 shares of the company’s stock, valued at $2,119,889.64. This represents a 31.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BERY has been the subject of a number of analyst reports. Royal Bank of Canada raised their price objective on Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. JPMorgan Chase & Co. restated an “overweight” rating and issued a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. StockNews.com assumed coverage on shares of Berry Global Group in a research report on Wednesday. They set a “buy” rating for the company. Citigroup restated a “neutral” rating and issued a $76.00 target price on shares of Berry Global Group in a report on Monday, November 25th. Finally, Morgan Stanley started coverage on Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price target for the company. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.73.

Berry Global Group Stock Down 1.0 %

Shares of NYSE:BERY opened at $67.94 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.80 and a current ratio of 1.25. Berry Global Group, Inc. has a 52-week low of $54.06 and a 52-week high of $73.31. The business’s 50 day simple moving average is $69.05 and its two-hundred day simple moving average is $65.47. The firm has a market cap of $7.83 billion, a P/E ratio of 15.48, a PEG ratio of 1.38 and a beta of 1.14.

Berry Global Group Increases Dividend

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