Amalgamated Bank Sells 8,113 Shares of Berry Global Group, Inc. (NYSE:BERY)

Amalgamated Bank trimmed its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 10.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 71,950 shares of the industrial products company’s stock after selling 8,113 shares during the period. Amalgamated Bank owned approximately 0.06% of Berry Global Group worth $4,234,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Quest Partners LLC raised its position in Berry Global Group by 54,800.0% in the second quarter. Quest Partners LLC now owns 549 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 548 shares in the last quarter. LRI Investments LLC grew its stake in shares of Berry Global Group by 1,309.1% in the 2nd quarter. LRI Investments LLC now owns 620 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 576 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in shares of Berry Global Group in the 2nd quarter worth approximately $42,000. American Capital Advisory LLC bought a new position in shares of Berry Global Group during the 2nd quarter worth approximately $44,000. Finally, Quarry LP boosted its stake in Berry Global Group by 433.1% in the 4th quarter. Quarry LP now owns 757 shares of the industrial products company’s stock valued at $51,000 after buying an additional 615 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BERY shares. Morgan Stanley started coverage on Berry Global Group in a research note on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 price objective for the company. StockNews.com downgraded shares of Berry Global Group from a “buy” rating to a “hold” rating in a report on Friday, September 13th. Finally, UBS Group decreased their price objective on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $71.82.

Berry Global Group Stock Performance

BERY stock opened at $66.59 on Friday. The stock has a market capitalization of $7.62 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.16 and a beta of 1.15. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The company has a 50 day moving average price of $65.33 and a 200 day moving average price of $61.40. Berry Global Group, Inc. has a fifty-two week low of $53.92 and a fifty-two week high of $69.93.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.16. The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.26 billion. Berry Global Group had a return on equity of 27.32% and a net margin of 4.55%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.90 earnings per share. Analysts forecast that Berry Global Group, Inc. will post 7.6 EPS for the current year.

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, September 3rd. Berry Global Group’s dividend payout ratio is 26.13%.

Berry Global Group 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.