AE Wealth Management LLC cut its holdings in shares of Berry Global Group, Inc. (NYSE: BERY – Get Rating) by 10.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,484 shares of the industrial products company’s stock after selling 1,569 shares during the quarter. AE Wealth Management LLC’s holdings in Berry Global Group were worth $ 782,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of BERY. Van ECK Associates Corp acquired a new position in Berry Global Group during the fourth quarter worth about $ 26,000. Counterpoint Mutual Funds LLC acquired a new position in Berry Global Group in the 4th quarter valued at about $ 27,000. Vectors Research Management LLC acquired a new position in Berry Global Group in the 4th quarter valued at about $ 34,000. Koshinski Asset Management Inc. acquired a new position in Berry Global Group in the 4th quarter valued at about $ 39,000. Finally, Parallel Advisors LLC boosted its holdings in Berry Global Group by 117.0% in the 4th quarter. Parallel Advisors LLC now owns 1,352 shares of the industrial products company’s stock valued at $ 100,000 after purchasing an additional 729 shares during the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.
BERY has been the topic of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of Berry Global Group from $ 82.00 to $ 79.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Truist Financial decreased their target price on shares of Berry Global Group from $ 88.00 to $ 77.00 in a report on Friday, May 6th. Citigroup decreased their price objective on shares of Berry Global Group from $ 90.00 to $ 87.00 in a report on Friday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Berry Global Group from $ 71.00 to $ 69.00 in a report on Monday, May 9th. Finally, Robert W. Baird decreased their price objective on shares of Berry Global Group from $ 83.00 to $ 73.00 in a report on Friday, May 6th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Berry Global Group currently has a consensus rating of “Moderate Buy” and an average target price of $ 77.33.
Shares of BERY opened at $ 54.47 on Friday. Berry Global Group, Inc. has a fifty-two week low of $ 50.10 and a fifty-two week high of $ 74.73. The firm’s 50 day moving average price is $ 56.05 and its 200 day moving average price is $ 60.75. The company has a market cap of $ 7.37 billion, a P / E ratio of 10.07, a PEG ratio of 0.75 and a beta of 1.22. The company has a quick ratio of 1.10, a current ratio of 1.82 and a debt-to-equity ratio of 2.90.
Berry Global Group (NYSE: BERY – Get Rating) last announced its earnings results on Thursday, May 5th. The industrial products company reported $ 1.93 earnings per share for the quarter, topping the consensus estimate of 1.78 by $ 0.15. Berry Global Group had a net margin of 5.09% and a return on equity of 28.63%. The firm had revenue of $ 3.78 billion for the quarter, compared to the consensus estimate of 3.70 billion. During the same period in the prior year, the firm earned 1.59 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. Research analysts forecast that Berry Global Group, Inc. will post 7.27 earnings per share for the current year.
About Berry Global Group (Get Rating)
Berry Global Group, Inc. manufactures and supplies non-woven, flexible, and rigid products in the consumer and industrial end markets. The company operates through Consumer Packaging International; Consumer Packaging North America; Engineered Materials; and Health, Hygiene & Specialties segments. The Consumer Packaging International segment offers closures and dispensing systems, pharmaceutical devices and packaging, bottles and canisters, containers, and technical components.
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