apricus wealth LLC Has $2.17 Million Position in Berry Global Group, Inc. (NYSE:BERY)

apricus wealth LLC lifted its stake in shares of Berry Global Group, Inc. (NYSE:BERY) by 18.3% during the third quarter, Holdings Channel.com reports. The firm owned 31,971 shares of the industrial products company’s stock after acquiring an additional 4,950 shares during the period. apricus wealth LLC’s holdings in Berry Global Group were worth $2,173,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in BERY. Vanguard Personalized Indexing Management LLC lifted its position in 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 valued at $555,000 after acquiring an additional 176 shares in the last quarter. Creative Planning lifted its position in Berry Global Group by 3.0% in the 3rd quarter. Creative Planning now owns 6,827 shares of the industrial products company’s stock valued at $464,000 after acquiring an additional 198 shares in the last quarter. State of Michigan Retirement System lifted its position in Berry Global Group by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after acquiring an additional 200 shares in the last quarter. Guardian Wealth Management Inc. lifted its position in Berry Global Group by 1.0% in the 2nd quarter. Guardian Wealth Management Inc. now owns 29,623 shares of the industrial products company’s stock valued at $1,743,000 after acquiring an additional 287 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted 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 valued at $240,000 after acquiring an additional 355 shares in the last quarter. Institutional investors own 95.36% of the company’s stock.

Berry Global Group Trading Up 0.5 %

Shares of BERY stock opened at $68.50 on Friday. The company has a 50 day moving average of $67.46 and a 200-day moving average of $62.80. The company has a quick ratio of 1.08, a current ratio of 1.82 and a debt-to-equity ratio of 2.57. Berry Global Group, Inc. has a 12-month low of $53.92 and a 12-month high of $70.86. The firm has a market cap of $7.84 billion, a P/E ratio of 16.27, a PEG ratio of 1.10 and a beta of 1.15.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings results on Friday, August 2nd. The industrial products company reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.16. Berry Global Group had a net margin of 4.55% and a return on equity of 27.32%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter last year, the business posted $1.90 EPS. Berry Global Group’s quarterly revenue was down 2.1% compared to the same quarter last year. Sell-side analysts anticipate that Berry Global Group, Inc. will post 7.6 earnings per share for the current year.

Berry Global Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.275 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $1.10 dividend on an annualized basis and a yield of 1.61%. Berry Global Group’s payout ratio is 26.13%.

Insider Buying and Selling at Berry Global Group

In other Berry Global Group news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $70.13, for a total transaction of $981,820.00. Following the sale, the director now owns 30,228 shares of the company’s stock, valued at $2,119,889.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.00% of the company’s stock.

Analyst Ratings Changes

BERY has been the topic of several recent research reports. StockNews.com cut shares of Berry Global Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley initiated coverage on shares of Berry Global Group in a research report on Wednesday, September 4th. They set an “equal weight” rating and a $76.00 target price on the stock. Truist Financial lifted their target price on shares of Berry Global Group from $68.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, October 15th. Finally, UBS Group dropped their target price on shares of Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Berry Global Group has a consensus rating of “Hold” and a consensus target price of $71.22.

About Berry Global Group

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.