PCJ Investment Counsel Ltd. bought a new position in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 58,000 shares of the industrial products company's stock, valued at approximately $3,751,000. Berry Global Group accounts for 1.3% of PCJ Investment Counsel Ltd.'s portfolio, making the stock its 19th largest holding. PCJ Investment Counsel Ltd. owned 0.05% of Berry Global Group at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in Berry Global Group by 89.0% during the 4th quarter. UMB Bank n.a. now owns 650 shares of the industrial products company's stock worth $42,000 after acquiring an additional 306 shares during the period. Steward Partners Investment Advisory LLC raised its stake in Berry Global Group by 3,569.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 844 shares of the industrial products company's stock worth $55,000 after acquiring an additional 821 shares during the period. Venturi Wealth Management LLC raised its stake in Berry Global Group by 463.5% during the 4th quarter. Venturi Wealth Management LLC now owns 1,065 shares of the industrial products company's stock worth $69,000 after acquiring an additional 876 shares during the period. Capital Performance Advisors LLP bought a new stake in Berry Global Group during the 3rd quarter worth approximately $75,000. Finally, Townsquare Capital LLC bought a new stake in Berry Global Group during the 3rd quarter worth approximately $201,000. Institutional investors own 95.36% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on BERY shares. UBS Group increased their price objective on shares of Berry Global Group from $72.00 to $73.00 and gave the company a "neutral" rating in a report on Friday, February 7th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $76.00 price objective (up from $70.00) on shares of Berry Global Group in a report on Monday, November 25th. Barclays increased their price objective on shares of Berry Global Group from $64.00 to $75.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. StockNews.com started coverage on shares of Berry Global Group in a report on Sunday. They set a "buy" rating for the company. Finally, Citigroup reaffirmed a "neutral" rating and set a $76.00 price objective on shares of Berry Global Group in a report on Monday, November 25th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $74.56.
Get Our Latest Report on Berry Global Group
Berry Global Group Trading Down 0.7 %
NYSE BERY traded down $0.47 on Wednesday, hitting $71.15. 1,985,183 shares of the stock were exchanged, compared to its average volume of 1,718,330. 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 stock has a fifty day moving average price of $69.22 and a two-hundred day moving average price of $68.42. The firm has a market capitalization of $8.24 billion, a P/E ratio of 17.74, a P/E/G ratio of 1.54 and a beta of 1.13. 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 posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.00 by $0.09. Berry Global Group had a net margin of 3.99% and a return on equity of 28.26%. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the firm earned $1.22 earnings per share. Berry Global Group's quarterly revenue was up 2.2% compared to the same quarter last year. Research analysts forecast that Berry Global Group, Inc. will post 6.25 EPS for the current fiscal year.
Berry Global Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.24 annualized dividend and a dividend yield of 1.74%. Berry Global Group's dividend payout ratio (DPR) is 30.92%.
About Berry Global Group
(
Free Report)
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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