Berry Global Group Inc (BERY) Position Cut by Bokf Na

Bokf Na decreased its position in Berry Global Group Inc (NYSE:BERY) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 55,641 shares of the industrial products company’s stock after selling 2,286 shares during the period. Bokf Na’s holdings in Berry Global Group were worth $2,644,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BERY. Meeder Asset Management Inc. acquired a new position in shares of Berry Global Group during the fourth quarter valued at about $39,000. Cornerstone Advisors Inc. raised its holdings in shares of Berry Global Group by 42.6% during the third quarter. Cornerstone Advisors Inc. now owns 900 shares of the industrial products company’s stock valued at $44,000 after purchasing an additional 269 shares during the period. Enlightenment Research LLC acquired a new position in shares of Berry Global Group during the fourth quarter valued at about $57,000. Acadian Asset Management LLC acquired a new position in shares of Berry Global Group during the fourth quarter valued at about $132,000. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Berry Global Group by 61.9% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 3,400 shares of the industrial products company’s stock valued at $165,000 after purchasing an additional 1,300 shares during the period. Institutional investors and hedge funds own 96.33% of the company’s stock.

In other Berry Global Group news, EVP Jason K. Greene sold 2,545 shares of the company’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $52.50, for a total value of $133,612.50. Following the completion of the sale, the executive vice president now directly owns 2,595 shares of the company’s stock, valued at approximately $136,237.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jason K. Greene sold 10,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.00, for a total transaction of $550,000.00. Following the completion of the sale, the executive vice president now directly owns 10,250 shares of the company’s stock, valued at $563,750. The disclosure for this sale can be found here. Insiders sold a total of 30,000 shares of company stock valued at $1,576,469 over the last ninety days. 1.60% of the stock is currently owned by insiders.

NYSE:BERY opened at $55.06 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.87 and a debt-to-equity ratio of 3.92. The stock has a market cap of $7.24 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.43 and a beta of 1.01. Berry Global Group Inc has a one year low of $40.50 and a one year high of $57.00.

Berry Global Group (NYSE:BERY) last issued its quarterly earnings data on Friday, February 1st. The industrial products company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.04. Berry Global Group had a net margin of 5.22% and a return on equity of 33.85%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Berry Global Group Inc will post 3.85 earnings per share for the current fiscal year.

BERY has been the subject of several recent research reports. BMO Capital Markets boosted their target price on shares of Berry Global Group from $65.00 to $69.00 and gave the stock an “outperform” rating in a research report on Monday. ValuEngine raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Friday, November 23rd. Zacks Investment Research raised shares of Berry Global Group from a “sell” rating to a “hold” rating in a research report on Monday, November 19th. Morgan Stanley initiated coverage on shares of Berry Global Group in a research report on Wednesday, January 16th. They set an “equal weight” rating and a $53.00 target price for the company. Finally, Citigroup boosted their target price on shares of Berry Global Group from $56.00 to $59.00 and gave the stock a “buy” rating in a research report on Friday, November 16th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Berry Global Group currently has a consensus rating of “Buy” and a consensus price target of $62.56.

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Berry Global Group Company Profile

Berry Global Group, Inc manufactures and supplies non-woven, flexible, and rigid products. The company operates through three segments: Engineered Materials; Health, Hygiene & Specialties; and Consumer Packaging. The Engineered Materials segment offers engineered materials, including stretch and shrink films, and converter films; trash-can liners and food bags; cloth and foil, splicing and laminating, flame-retardant, flashing and seaming tapes, double-faced cloth, masking, mounting, OEM, and medical and specialty tapes; and food and consumer films, retail bags, and polyvinyl chloride films.

Read More: Market Capitalization

Want to see what other hedge funds are holding BERY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Berry Global Group Inc (NYSE:BERY).

Institutional Ownership by Quarter for Berry Global Group (NYSE:BERY)

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