Charles Schwab Investment Management Inc. Purchases 11,010 Shares of Berry Global Group, Inc. (NYSE:BERY)

Charles Schwab Investment Management Inc. lifted its position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 846,925 shares of the industrial products company's stock after acquiring an additional 11,010 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.73% of Berry Global Group worth $54,771,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BERY. UMB Bank n.a. boosted its position 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 purchasing an additional 306 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in 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 worth $55,000 after buying an additional 821 shares during the period. Venturi Wealth Management LLC grew 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 buying an additional 876 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of Berry Global Group in the fourth quarter worth $200,000. Finally, Townsquare Capital LLC purchased a new position in Berry Global Group during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 95.36% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BERY. Truist Financial lifted their price objective on Berry Global Group from $74.00 to $76.00 and gave the company a "hold" rating in a research note on Monday, February 10th. StockNews.com started coverage on Berry Global Group in a research report on Monday. They set a "buy" rating for the company. UBS Group upped 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. Citigroup restated a "neutral" rating and set a $76.00 price target on shares of Berry Global Group in a research report on Monday, November 25th. Finally, JPMorgan Chase & Co. reissued an "overweight" rating and set a $76.00 price target (up from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Berry Global Group has an average rating of "Hold" and an average price target of $74.56.

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Berry Global Group Stock Up 0.6 %

Shares of BERY traded up $0.45 during mid-day trading on Monday, reaching $70.56. The company had a trading volume of 1,066,533 shares, compared to its average volume of 1,174,671. 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 company has a market capitalization of $8.17 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The firm has a 50-day moving average price of $69.55 and a 200 day moving average price of $68.48. Berry Global Group, Inc. has a 52 week low of $55.24 and a 52 week high of $74.24.

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

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Monday, March 3rd. Berry Global Group's dividend payout ratio 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.