CANADA LIFE ASSURANCE Co Has $6.24 Million Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

CANADA LIFE ASSURANCE Co decreased its stake in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 4.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 96,531 shares of the industrial products company's stock after selling 4,219 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.08% of Berry Global Group worth $6,243,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in Berry Global Group by 89.0% during the fourth 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 during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Berry Global Group by 28.8% during the 4th quarter. Quadrant Capital Group LLC now owns 738 shares of the industrial products company's stock worth $48,000 after purchasing an additional 165 shares during the last quarter. Steward Partners Investment Advisory LLC raised its holdings in shares of Berry Global Group by 3,569.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock valued at $55,000 after purchasing an additional 821 shares during the period. Venturi Wealth Management LLC lifted its stake in Berry Global Group by 463.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock valued at $69,000 after purchasing an additional 876 shares during the last quarter. Finally, Atlas Capital Advisors Inc. grew its holdings in Berry Global Group by 7,390.9% during the fourth quarter. Atlas Capital Advisors Inc. now owns 1,648 shares of the industrial products company's stock worth $107,000 after purchasing an additional 1,626 shares during the period. Institutional investors own 95.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BERY. Truist Financial cut their price objective on Berry Global Group from $76.00 to $71.00 and set a "hold" rating for the company in a research report on Tuesday. UBS Group lifted their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the stock a "neutral" rating in a research report on Friday, February 7th. Finally, StockNews.com started coverage on shares of Berry Global Group in a research report on Friday, April 18th. They issued a "buy" rating on the stock. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $75.13.

Berry Global Group Price Performance

NYSE:BERY opened at $68.95 on Wednesday. Berry Global Group, Inc. has a 52 week low of $55.68 and a 52 week high of $74.24. 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 $69.33 and its 200 day simple moving average is $68.55. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 1.54 and a beta of 1.14.

Berry Global Group (NYSE:BERY - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.09. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.35 billion. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The firm's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share. As a group, sell-side analysts predict that Berry Global Group, Inc. will post 6.25 earnings per share for the current year.

Berry Global Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, March 3rd. Berry Global Group's dividend payout ratio (DPR) is currently 30.92%.

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.

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