Glenmede Trust Co. NA Increases Holdings in Berry Global Group, Inc. (NYSE:BERY)

Glenmede Trust Co. NA boosted its position in Berry Global Group, Inc. (NYSE:BERY) by 5.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 205,497 shares of the industrial products company’s stock after buying an additional 10,327 shares during the period. Glenmede Trust Co. NA’s holdings in Berry Global Group were worth $13,970,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BERY. Vanguard Personalized Indexing Management LLC increased its position in Berry Global Group by 1.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,424 shares of the industrial products company’s stock worth $555,000 after buying an additional 176 shares in the last quarter. Creative Planning raised its stake 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 purchasing an additional 198 shares during the last quarter. Guardian Wealth Management Inc. lifted its holdings 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 purchasing an additional 287 shares in the last quarter. US Bancorp DE grew its holdings in shares of Berry Global Group by 9.1% during the third quarter. US Bancorp DE now owns 3,725 shares of the industrial products company’s stock worth $253,000 after buying an additional 311 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its position in shares of Berry Global Group by 9.5% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 4,077 shares of the industrial products company’s stock valued at $240,000 after buying an additional 355 shares during the last quarter. 95.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Evan Bayh sold 14,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $70.13, for a total transaction of $981,820.00. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.00% of the stock is owned by corporate insiders.

Berry Global Group Trading Up 1.2 %

NYSE BERY opened at $71.57 on Friday. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.26 and a current ratio of 0.41. Berry Global Group, Inc. has a one year low of $54.06 and a one year high of $73.31. The company’s 50 day moving average price is $68.45 and its 200 day moving average price is $64.65. The firm has a market capitalization of $8.20 billion, a price-to-earnings ratio of 16.30, a PEG ratio of 1.42 and a beta of 1.14.

Berry Global Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 2nd will be issued a dividend of $0.31 per share. This is a positive change from Berry Global Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $1.24 annualized dividend and a dividend yield of 1.73%. Berry Global Group’s payout ratio is presently 25.06%.

Analysts Set New Price Targets

A number of analysts recently issued reports on BERY shares. Royal Bank of Canada raised their target price on shares of Berry Global Group from $69.00 to $73.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 21st. Morgan Stanley began coverage on Berry Global Group in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $76.00 price objective for the company. Barclays increased their target price on Berry Global Group from $64.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday. UBS Group cut Berry Global Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $82.00 to $75.00 in a report on Friday, November 22nd. Finally, Citigroup reaffirmed a “neutral” rating and set a $76.00 price objective on shares of Berry Global Group in a research note on Monday. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $73.73.

Berry Global Group 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.