Charles Schwab Investment Management Inc. Buys 18,736 Shares of Berry Global Group, Inc. (NYSE:BERY)

Charles Schwab Investment Management Inc. boosted its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 2.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 835,915 shares of the industrial products company's stock after purchasing an additional 18,736 shares during the period. Charles Schwab Investment Management Inc. owned 0.73% of Berry Global Group worth $56,826,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Berry Global Group by 1.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company's stock worth $555,000 after purchasing an additional 176 shares during the period. Creative Planning lifted its position in Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company's stock worth $464,000 after buying an additional 198 shares in the last quarter. Guardian Wealth Management Inc. boosted its stake in shares of Berry Global Group by 1.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company's stock valued at $1,743,000 after buying an additional 287 shares during the period. US Bancorp DE grew its holdings in shares of Berry Global Group by 9.1% during the 3rd quarter. US Bancorp DE now owns 3,725 shares of the industrial products company's stock valued at $253,000 after acquiring an additional 311 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of Berry Global Group by 9.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company's stock worth $240,000 after acquiring an additional 355 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

Berry Global Group Stock Performance

BERY stock traded up $0.74 during mid-day trading on Friday, reaching $72.31. 1,418,906 shares of the stock traded hands, compared to its average volume of 2,185,147. The firm has a market capitalization of $8.33 billion, a PE ratio of 16.47, a P/E/G ratio of 1.44 and a beta of 1.14. The business has a 50-day moving average of $68.62 and a two-hundred day moving average of $64.82. The company has a quick ratio of 0.26, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. Berry Global Group, Inc. has a 52 week low of $54.06 and a 52 week high of $73.31.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.71%. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. Berry Global Group's dividend payout ratio is currently 25.06%.

Insider Activity at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total value of $981,820.00. Following the sale, the director now owns 30,228 shares of the company's stock, valued at $2,119,889.64. The trade was a 31.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays lifted their price objective on Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a research report on Wednesday. Royal Bank of Canada lifted their price target on Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a report on Thursday, November 21st. StockNews.com upgraded Berry Global Group from a "hold" rating to a "buy" rating in a report on Monday, November 25th. Truist Financial reaffirmed a "hold" rating and set a $72.00 price objective (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and issued a $76.00 target price (up from $70.00) on shares of Berry Global Group in a research report on Monday, November 25th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $73.73.

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.