Outfitter Financial LLC Buys 736 Shares of Berry Global Group, Inc. (NYSE:BERY)

Outfitter Financial LLC boosted its position in shares of Berry Global Group, Inc. (NYSE:BERY) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,034 shares of the industrial products company’s stock after purchasing an additional 736 shares during the period. Outfitter Financial LLC’s holdings in Berry Global Group were worth $1,417,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Berry Global Group during the third quarter valued at approximately $101,000. Raymond James & Associates boosted its stake in Berry Global Group by 4.1% during the 3rd quarter. Raymond James & Associates now owns 201,161 shares of the industrial products company’s stock valued at $12,454,000 after purchasing an additional 8,009 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Berry Global Group by 10.6% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,968 shares of the industrial products company’s stock worth $555,000 after purchasing an additional 862 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Berry Global Group by 15.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,909 shares of the industrial products company’s stock worth $1,418,000 after purchasing an additional 3,069 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of Berry Global Group by 6.1% during the third quarter. Strs Ohio now owns 80,315 shares of the industrial products company’s stock valued at $4,972,000 after purchasing an additional 4,602 shares in the last quarter. 95.36% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Jonathan F. Foster acquired 1,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $58.49 per share, with a total value of $58,490.00. Following the acquisition, the director now directly owns 5,728 shares of the company’s stock, valued at $335,030.72. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

Berry Global Group Price Performance

Shares of NYSE BERY traded down $0.05 during midday trading on Friday, reaching $59.72. The stock had a trading volume of 313,059 shares, compared to its average volume of 1,122,794. The company has a market capitalization of $6.92 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.80 and a beta of 1.24. Berry Global Group, Inc. has a 12-month low of $53.92 and a 12-month high of $69.93. The stock has a 50-day moving average of $58.76 and a 200-day moving average of $61.54. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.95 and a current ratio of 1.67.

Berry Global Group (NYSE:BERY) last posted its quarterly earnings results on Thursday, May 9th. The industrial products company reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.90 by $0.05. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Berry Global Group had a return on equity of 26.79% and a net margin of 4.51%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.96 earnings per share. As a group, research analysts anticipate that Berry Global Group, Inc. will post 7.38 EPS for the current fiscal year.

Berry Global Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.84%. The ex-dividend date of this dividend is Monday, June 3rd. Berry Global Group’s payout ratio is currently 23.66%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BERY shares. StockNews.com downgraded Berry Global Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Barclays dropped their target price on shares of Berry Global Group from $67.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. Mizuho dropped their price target on Berry Global Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Royal Bank of Canada reiterated a “sector perform” rating and set a $62.00 price objective (down previously from $72.00) on shares of Berry Global Group in a research report on Friday, March 15th. Finally, UBS Group boosted their price target on Berry Global Group from $76.00 to $89.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $72.60.

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.