Cornercap Investment Counsel Inc. Has $597,000 Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

Cornercap Investment Counsel Inc. lowered its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 50.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,781 shares of the industrial products company's stock after selling 9,114 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Berry Global Group were worth $597,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. raised its holdings in shares of Berry Global Group by 8.3% during the first quarter. Sei Investments Co. now owns 161,605 shares of the industrial products company's stock worth $9,774,000 after acquiring an additional 12,385 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Berry Global Group by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 37,552 shares of the industrial products company's stock valued at $2,271,000 after buying an additional 9,483 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Berry Global Group by 11.3% in the 1st 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 buying an additional 13,398 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Berry Global Group by 39.9% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 19,172 shares of the industrial products company's stock worth $1,162,000 after buying an additional 5,466 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Berry Global Group by 10.2% during the first quarter. Vanguard Group Inc. now owns 12,931,050 shares of the industrial products company's stock valued at $782,070,000 after acquiring an additional 1,200,021 shares in the last quarter. Hedge funds and other institutional investors own 95.36% of the company's stock.

Wall Street Analyst Weigh In

BERY has been the topic of several analyst reports. StockNews.com raised shares of Berry Global Group from a "hold" rating to a "buy" rating in a research report on Friday. Truist Financial raised their price objective on Berry Global Group from $68.00 to $74.00 and gave the company a "hold" rating in a research note on Tuesday, October 15th. Finally, Morgan Stanley started coverage on Berry Global Group in a research report on Wednesday, September 4th. They set an "equal weight" rating and a $76.00 target price for the company. Seven 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 has an average rating of "Hold" and a consensus target price of $71.22.

Berry Global Group Trading Up 0.7 %

Berry Global Group stock traded up $0.47 during mid-day trading on Friday, hitting $66.80. The stock had a trading volume of 845,608 shares, compared to its average volume of 985,109. The stock has a 50-day simple moving average of $67.90 and a two-hundred day simple moving average of $64.08. The company has a current ratio of 1.82, a quick ratio of 1.08 and a debt-to-equity ratio of 2.57. The stock has a market capitalization of $7.66 billion, a PE ratio of 14.27, a P/E/G ratio of 1.10 and a beta of 1.14. Berry Global Group, Inc. has a 12 month low of $54.06 and a 12 month high of $71.63.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. Berry Global Group's payout ratio is currently 26.50%.

Insider Buying and Selling at Berry Global Group

In other news, Director Evan Bayh sold 14,000 shares of the business's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the transaction, the director now directly owns 30,228 shares in the company, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.00% of the company's stock.

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.