TD Private Client Wealth LLC Raises Stock Holdings in Berry Global Group, Inc. (NYSE:BERY)

TD Private Client Wealth LLC increased its holdings in shares of Berry Global Group, Inc. (NYSE:BERY - Free Report) by 5,508.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,132 shares of the industrial products company's stock after acquiring an additional 7,987 shares during the quarter. TD Private Client Wealth LLC's holdings in Berry Global Group were worth $553,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BERY. EdgePoint Investment Group Inc. raised its stake in Berry Global Group by 2.2% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 15,279,107 shares of the industrial products company's stock valued at $1,038,674,000 after acquiring an additional 336,186 shares during the period. State Street Corp grew its holdings in shares of Berry Global Group by 10.4% during the third quarter. State Street Corp now owns 3,831,824 shares of the industrial products company's stock worth $260,487,000 after purchasing an additional 360,857 shares in the last quarter. FMR LLC increased its holdings in shares of Berry Global Group by 38.4% in the 3rd quarter. FMR LLC now owns 3,807,317 shares of the industrial products company's stock worth $258,821,000 after buying an additional 1,055,756 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Berry Global Group by 30.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,472,624 shares of the industrial products company's stock valued at $204,365,000 after purchasing an additional 807,211 shares in the last quarter. Finally, Eminence Capital LP lifted its stake in Berry Global Group by 22.2% during the second quarter. Eminence Capital LP now owns 2,714,539 shares of the industrial products company's stock worth $159,751,000 after purchasing an additional 492,793 shares during the last quarter. 95.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Berry Global Group

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

Wall Street Analysts Forecast Growth

BERY has been the topic of a number of research reports. JPMorgan Chase & Co. reissued 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. UBS Group cut shares of Berry Global Group from a "buy" rating to a "neutral" rating and cut their price objective for the company from $82.00 to $75.00 in a research note on Friday, November 22nd. Royal Bank of Canada upped their price target on shares of Berry Global Group from $69.00 to $73.00 and gave the company a "sector perform" rating in a research report on Thursday, November 21st. StockNews.com started coverage on shares of Berry Global Group in a research note on Wednesday. They issued a "buy" rating on the stock. Finally, Morgan Stanley began coverage on Berry Global Group in a report on Wednesday, September 4th. They set an "equal weight" rating and a $76.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $73.73.

Berry Global Group Stock Down 1.0 %

NYSE:BERY traded down $0.72 during mid-day trading on Friday, hitting $67.94. 1,287,716 shares of the company's stock were exchanged, compared to its average volume of 1,113,700. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31. The business has a fifty day moving average price of $69.05 and a 200 day moving average price of $65.47. The company has a market cap of $7.83 billion, a PE ratio of 15.48, a P/E/G ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.25 and a quick ratio of 0.80.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be paid a $0.31 dividend. The ex-dividend date is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. This is an increase from Berry Global Group's previous quarterly dividend of $0.28. Berry Global Group's dividend payout ratio is presently 28.25%.

Berry Global Group Company 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.