218,866 Shares in Amcor plc (NYSE:AMCR) Acquired by Caption Management LLC

Caption Management LLC bought a new stake in shares of Amcor plc (NYSE:AMCR - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 218,866 shares of the company's stock, valued at approximately $2,060,000.

Several other institutional investors and hedge funds have also modified their holdings of AMCR. CWA Asset Management Group LLC increased its position in shares of Amcor by 3.9% in the fourth quarter. CWA Asset Management Group LLC now owns 32,343 shares of the company's stock valued at $304,000 after acquiring an additional 1,213 shares during the period. Utah Retirement Systems lifted its stake in shares of Amcor by 1.1% in the fourth quarter. Utah Retirement Systems now owns 120,076 shares of the company's stock worth $1,130,000 after buying an additional 1,300 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Amcor by 11.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 13,892 shares of the company's stock valued at $131,000 after purchasing an additional 1,409 shares during the last quarter. New York Life Investment Management LLC raised its holdings in shares of Amcor by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 195,714 shares of the company's stock valued at $1,842,000 after purchasing an additional 1,507 shares during the last quarter. Finally, Huntington National Bank raised its position in Amcor by 52.4% in the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after acquiring an additional 1,522 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Amcor news, Director Achal Agarwal acquired 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the purchase, the director now owns 88,967 shares in the company, valued at $898,566.70. This trade represents a 12.66% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.

Amcor Stock Performance

Shares of AMCR stock traded up $0.14 during trading hours on Monday, hitting $9.26. The company's stock had a trading volume of 10,136,338 shares, compared to its average volume of 31,069,607. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The company has a 50 day moving average of $9.49 and a 200 day moving average of $9.82. The stock has a market cap of $13.38 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. Amcor plc has a 12-month low of $8.37 and a 12-month high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.51 billion. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 earnings per share. On average, sell-side analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd will be issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.51%. The ex-dividend date is Thursday, May 22nd. Amcor's dividend payout ratio is currently 91.07%.

Analyst Ratings Changes

AMCR has been the subject of several research analyst reports. Raymond James began coverage on shares of Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Finally, Truist Financial cut their target price 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. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.31.

About Amcor

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.