Wedge Capital Management L L P NC Sells 6,501 Shares of Berry Global Group, Inc. (NYSE:BERY)

Wedge Capital Management L L P NC trimmed its stake in Berry Global Group, Inc. (NYSE:BERY - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,117 shares of the industrial products company's stock after selling 6,501 shares during the period. Wedge Capital Management L L P NC owned about 0.09% of Berry Global Group worth $6,604,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new stake in Berry Global Group during the fourth quarter worth about $2,868,000. CWA Asset Management Group LLC grew its holdings in shares of Berry Global Group by 27.9% in the 4th quarter. CWA Asset Management Group LLC now owns 7,072 shares of the industrial products company's stock worth $457,000 after purchasing an additional 1,543 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Berry Global Group during the 4th quarter worth about $215,000. Franklin Resources Inc. increased its position in shares of Berry Global Group by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 313,329 shares of the industrial products company's stock worth $21,711,000 after purchasing an additional 3,744 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in Berry Global Group by 71.0% in the third quarter. Tidal Investments LLC now owns 31,325 shares of the industrial products company's stock valued at $2,129,000 after buying an additional 13,004 shares in the last quarter. Institutional investors own 95.36% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a $76.00 target price (up previously from $70.00) on shares of Berry Global Group in a research note on Monday, November 25th. Citigroup reiterated a "neutral" rating and issued a $76.00 price objective on shares of Berry Global Group in a research report on Monday, November 25th. UBS Group lowered their target price on Berry Global Group from $75.00 to $72.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. StockNews.com started coverage on shares of Berry Global Group in a research report on Sunday, January 12th. They set a "buy" rating on the stock. Finally, Royal Bank of Canada raised their price objective 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. Nine equities 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, the company currently has an average rating of "Hold" and an average price target of $73.30.

Berry Global Group Trading Up 0.1 %

NYSE BERY traded up $0.06 during trading hours on Friday, hitting $67.69. The company's stock had a trading volume of 612,263 shares, compared to its average volume of 1,047,969. Berry Global Group, Inc. has a twelve month low of $54.06 and a twelve month high of $73.31. The firm has a market capitalization of $7.83 billion, a P/E ratio of 15.42, a PEG ratio of 1.38 and a beta of 1.16. The company has a quick ratio of 0.80, a current ratio of 1.25 and a debt-to-equity ratio of 2.08. The stock has a fifty day moving average of $67.51 and a 200 day moving average of $66.56.

Berry Global Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were given a $0.31 dividend. This is a positive change from Berry Global Group's previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend was Monday, December 2nd. Berry Global Group's dividend payout ratio (DPR) is currently 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.