Bokf Na Has $4.81 Million Position in Berry Global Group, Inc. (NYSE:BERY)

Bokf Na boosted its position in Berry Global Group, Inc. (NYSE:BERY) by 26.3% in the first quarter, Holdings Channel.com reports. The firm owned 79,330 shares of the industrial products company’s stock after purchasing an additional 16,497 shares during the quarter. Bokf Na’s holdings in Berry Global Group were worth $4,809,000 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 the company. M&T Bank Corp increased its stake in shares of Berry Global Group by 2.0% in the fourth quarter. M&T Bank Corp now owns 8,854 shares of the industrial products company’s stock valued at $597,000 after buying an additional 173 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Berry Global Group by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 33,400 shares of the industrial products company’s stock valued at $2,020,000 after buying an additional 200 shares during the period. State of Michigan Retirement System increased its stake in shares of Berry Global Group by 0.7% in the first quarter. State of Michigan Retirement System now owns 28,500 shares of the industrial products company’s stock valued at $1,724,000 after buying an additional 200 shares during the period. First Hawaiian Bank grew its stake in Berry Global Group by 11.2% during the first quarter. First Hawaiian Bank now owns 3,725 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 376 shares during the period. Finally, AGF Management Ltd. grew its stake in Berry Global Group by 2.6% during the fourth quarter. AGF Management Ltd. now owns 16,042 shares of the industrial products company’s stock worth $1,081,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 95.36% of the company’s stock.

Berry Global Group Stock Down 0.2 %

Shares of BERY stock traded down $0.12 during trading hours on Monday, reaching $64.93. The company had a trading volume of 27,189 shares, compared to its average volume of 1,082,005. Berry Global Group, Inc. has a 12 month low of $53.92 and a 12 month high of $69.93. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.74 and a quick ratio of 1.01. The business has a fifty day simple moving average of $60.53 and a 200-day simple moving average of $60.38. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 1.31 and a beta of 1.17.

Berry Global Group (NYSE:BERY) last posted its earnings results on Thursday, May 9th. The industrial products company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.05. Berry Global Group had a return on equity of 26.55% and a net margin of 4.12%. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.16 billion. During the same quarter last year, the company earned $1.96 earnings per share. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts expect that Berry Global Group, Inc. will post 7.44 earnings per share for the current fiscal year.

Berry Global Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date was Monday, June 3rd. Berry Global Group’s payout ratio is 26.13%.

Insider Activity at Berry Global Group

In related news, CFO Mark W. Miles sold 1,118 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total transaction of $67,404.22. Following the completion of the sale, the chief financial officer now directly owns 119,384 shares of the company’s stock, valued at $7,197,661.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Berry Global Group news, CFO Mark W. Miles sold 1,118 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $60.29, for a total value of $67,404.22. Following the completion of the sale, the chief financial officer now directly owns 119,384 shares of the company’s stock, valued at $7,197,661.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter T. Thomas bought 1,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was purchased at an average cost of $59.50 per share, with a total value of $59,500.00. Following the completion of the transaction, the director now directly owns 4,407 shares of the company’s stock, valued at $262,216.50. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird reaffirmed a “neutral” rating and set a $65.00 target price (down previously from $68.00) on shares of Berry Global Group in a research note on Tuesday, April 16th. StockNews.com raised Berry Global Group from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group cut their price target on Berry Global Group from $89.00 to $77.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America increased their price target on Berry Global Group from $74.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $71.40.

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.