Dimensional Fund Advisors LP Purchases 1,886,794 Shares of Amcor plc (NYSE:AMCR)

Dimensional Fund Advisors LP lifted its stake in Amcor plc (NYSE:AMCR - Free Report) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,700,717 shares of the company's stock after purchasing an additional 1,886,794 shares during the period. Dimensional Fund Advisors LP owned 1.29% of Amcor worth $175,967,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Amcor by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after buying an additional 1,249,868 shares during the period. Barclays PLC grew its holdings in Amcor by 31.8% during the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after acquiring an additional 1,096,664 shares during the period. Franklin Resources Inc. raised its position in shares of Amcor by 39.3% during the 3rd quarter. Franklin Resources Inc. now owns 719,749 shares of the company's stock valued at $8,162,000 after acquiring an additional 203,166 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of Amcor in the 4th quarter valued at $2,605,000. Finally, Tidal Investments LLC boosted its position in shares of Amcor by 292.5% in the 3rd quarter. Tidal Investments LLC now owns 81,439 shares of the company's stock worth $923,000 after purchasing an additional 60,691 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Truist Financial cut their price target on shares of Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Citigroup upgraded shares of Amcor from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $11.00 to $12.00 in a report on Monday, January 6th. Finally, Raymond James started coverage on shares of Amcor in a report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.31.

Insider Transactions at Amcor

In related news, Director Achal Agarwal bought 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the acquisition, the director now owns 88,967 shares of the company's stock, valued at approximately $898,566.70. The trade was a 12.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by insiders.

Amcor Stock Down 3.1 %

AMCR traded down $0.30 during trading on Tuesday, hitting $9.34. The company had a trading volume of 28,158,443 shares, compared to its average volume of 15,763,196. The firm's 50-day moving average price is $9.66 and its 200 day moving average price is $9.95. The company has a market capitalization of $13.49 billion, a PE ratio of 16.97, a PEG ratio of 1.96 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80. Amcor plc has a one year low of $8.37 and a one year high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. Amcor's revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts expect that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were issued a $0.1275 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.46%. Amcor's dividend payout ratio (DPR) is presently 92.73%.

Amcor Company Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.