Charles Schwab Investment Management Inc. Raises Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Charles Schwab Investment Management Inc. lifted its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 846,925 shares of the industrial products company’s stock after purchasing an additional 11,010 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.73% of Berry Global Group worth $54,771,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Greenleaf Trust lifted its position in Berry Global Group by 3.5% during the fourth quarter. Greenleaf Trust now owns 4,408 shares of the industrial products company’s stock worth $285,000 after buying an additional 149 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Berry Global Group by 5.1% in the 4th quarter. CIBC Asset Management Inc now owns 3,534 shares of the industrial products company’s stock worth $229,000 after purchasing an additional 170 shares during the last quarter. M&T Bank Corp raised its stake in Berry Global Group by 3.1% during the 3rd quarter. M&T Bank Corp now owns 5,832 shares of the industrial products company’s stock valued at $396,000 after acquiring an additional 173 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Berry Global Group by 89.0% in the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company’s stock worth $42,000 after buying an additional 306 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Berry Global Group by 9.1% in the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after acquiring an additional 311 shares during the last quarter. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Price Performance

Shares of NYSE BERY opened at $68.88 on Friday. Berry Global Group, Inc. has a fifty-two week low of $55.24 and a fifty-two week high of $74.24. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 1.54 and a beta of 1.13. The company has a debt-to-equity ratio of 3.35, a quick ratio of 1.09 and a current ratio of 1.61. The firm’s 50-day simple moving average is $69.35 and its 200 day simple moving average is $68.44.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Berry Global Group had a return on equity of 28.26% and a net margin of 3.99%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, research analysts anticipate that Berry Global Group, Inc. will post 6.25 earnings per share for the current fiscal year.

Berry Global Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.31 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.80%. Berry Global Group’s dividend payout ratio is currently 30.92%.

Analysts Set New Price Targets

BERY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $76.00 price target (up previously from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Citigroup reaffirmed a “neutral” rating and set a $76.00 price target on shares of Berry Global Group in a report on Monday, November 25th. Royal Bank of Canada lifted their target price on Berry Global Group from $69.00 to $73.00 and gave the company a “sector perform” rating in a research note on Thursday, November 21st. Barclays lifted their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Finally, UBS Group lifted their price target on Berry Global Group from $72.00 to $73.00 and gave the company a “neutral” rating in a research note on Friday, February 7th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Berry Global Group currently has a consensus rating of “Hold” and an average price target of $74.56.

Berry Global Group Company 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.