Ashton Thomas Private Wealth LLC Has $1.82 Million Stock Position in Berry Global Group, Inc. (NYSE:BERY)

Ashton Thomas Private Wealth LLC cut its holdings in shares of Berry Global Group, Inc. (NYSE:BERY) by 6.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,819 shares of the industrial products company’s stock after selling 1,817 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Berry Global Group were worth $1,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Sei Investments Co. increased its stake in shares of Berry Global Group by 8.3% in the 1st quarter. Sei Investments Co. now owns 161,605 shares of the industrial products company’s stock valued at $9,774,000 after acquiring an additional 12,385 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in Berry Global Group by 11.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 131,860 shares of the industrial products company’s stock valued at $7,767,000 after purchasing an additional 13,398 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Berry Global Group by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 37,552 shares of the industrial products company’s stock worth $2,271,000 after purchasing an additional 9,483 shares during the period. Virtu Financial LLC bought a new position in shares of Berry Global Group during the first quarter worth $691,000. Finally, BOKF NA grew its holdings in shares of Berry Global Group by 26.3% in the 1st quarter. BOKF NA now owns 79,330 shares of the industrial products company’s stock valued at $4,809,000 after buying an additional 16,497 shares during the period. Institutional investors own 95.36% of the company’s stock.

Insider Activity 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 owns 30,228 shares of the company’s stock, valued at approximately $2,119,889.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.00% of the company’s stock.

Berry Global Group Stock Down 0.6 %

Berry Global Group stock opened at $67.89 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. Berry Global Group, Inc. has a 1-year low of $54.06 and a 1-year high of $71.63. The company has a fifty day simple moving average of $67.95 and a 200 day simple moving average of $63.93. The company has a market cap of $7.78 billion, a P/E ratio of 14.51, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14.

Berry Global Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.83%. The ex-dividend date is Monday, December 2nd. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. Berry Global Group’s dividend payout ratio is presently 26.50%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. UBS Group reduced their target price on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Truist Financial lifted their price objective on Berry Global Group from $68.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, October 15th. Morgan Stanley assumed coverage on shares of Berry Global Group in a report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price on the stock. Finally, StockNews.com initiated coverage on shares of Berry Global Group in a research note on Thursday, November 7th. They issued a “hold” rating on the stock. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.22.

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.