Integrated Investment Consultants LLC Makes New $714,000 Investment in Berry Global Group, Inc. (NYSE:BERY)

Integrated Investment Consultants LLC purchased a new position in Berry Global Group, Inc. (NYSE:BERY - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,503 shares of the industrial products company's stock, valued at approximately $714,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Berry Global Group by 1.9% in the 2nd 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 in the last quarter. Creative Planning raised its holdings in Berry Global Group by 3.0% during the third quarter. Creative Planning now owns 6,827 shares of the industrial products company's stock valued at $464,000 after buying an additional 198 shares in the last quarter. Guardian Wealth Management Inc. boosted its holdings 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 worth $1,743,000 after buying an additional 287 shares during the period. US Bancorp DE grew its position in shares of Berry Global Group by 9.1% in the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company's stock valued at $253,000 after purchasing an additional 311 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Berry Global Group by 9.5% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company's stock worth $240,000 after buying an additional 355 shares during the period. 95.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the stock in a transaction that occurred 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 directly owns 30,228 shares in the company, valued at $2,119,889.64. This represents a 31.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.00% of the company's stock.

Berry Global Group Stock Up 1.1 %

Shares of NYSE BERY traded up $0.76 during trading on Friday, hitting $71.69. The stock had a trading volume of 2,533,039 shares, compared to its average volume of 1,074,010. Berry Global Group, Inc. has a 12 month low of $54.06 and a 12 month high of $72.50. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.82 and a quick ratio of 1.08. The firm has a fifty day moving average of $68.09 and a two-hundred day moving average of $64.32. The company has a market capitalization of $8.22 billion, a PE ratio of 16.25, a PEG ratio of 1.09 and a beta of 1.14.

Berry Global Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a $0.31 dividend. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 annualized dividend and a yield of 1.73%. Berry Global Group's payout ratio is currently 25.06%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BERY shares. UBS Group cut shares of Berry Global Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $82.00 to $75.00 in a research note on Friday. Royal Bank of Canada boosted their target price on Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research note on Thursday. Morgan Stanley assumed coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They issued an "equal weight" rating and a $76.00 price objective on the stock. StockNews.com raised Berry Global Group from a "hold" rating to a "buy" rating in a research report on Friday, November 15th. Finally, Truist Financial reissued a "hold" rating and issued a $72.00 target price (down previously from $74.00) on shares of Berry Global Group in a research report on Wednesday. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $72.00.

Berry Global Group Profile

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.