Amcor plc (NYSE:AMCR) Shares Bought by Ethic Inc.

Ethic Inc. grew its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 146.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,360 shares of the company's stock after acquiring an additional 69,075 shares during the quarter. Ethic Inc.'s holdings in Amcor were worth $1,095,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Amcor by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after acquiring an additional 1,249,868 shares during the period. Barclays PLC lifted its holdings in shares of Amcor by 31.8% during the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after purchasing an additional 1,096,664 shares during the period. Franklin Resources Inc. boosted its position in Amcor by 39.3% in the 3rd quarter. Franklin Resources Inc. now owns 719,749 shares of the company's stock worth $8,162,000 after purchasing an additional 203,166 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Amcor in the fourth quarter valued at approximately $2,605,000. Finally, Empowered Funds LLC lifted its position in shares of Amcor by 25.9% in the fourth quarter. Empowered Funds LLC now owns 167,952 shares of the company's stock valued at $1,580,000 after acquiring an additional 34,573 shares in the last quarter. Institutional investors own 45.14% of the company's stock.

Amcor Price Performance

NYSE AMCR traded up $0.01 during trading on Monday, hitting $9.45. 2,590,903 shares of the company's stock were exchanged, compared to its average volume of 18,371,433. The company has a market cap of $13.65 billion, a PE ratio of 17.16, a P/E/G ratio of 1.96 and a beta of 0.78. 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 stock's 50 day moving average price is $9.40 and its two-hundred day moving average price is $9.76. Amcor plc has a fifty-two week low of $8.37 and a fifty-two week high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.13 EPS. Research analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd will be issued a $0.1275 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.40%. Amcor's payout ratio is 91.07%.

Analysts Set New Price Targets

AMCR has been the subject of a number of research reports. Truist Financial dropped their price objective on shares of Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Finally, Raymond James started coverage on Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.31.

Insider Activity at Amcor

In other Amcor news, Director Achal Agarwal purchased 10,000 shares of the company's stock in a transaction dated 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 purchase, the director now directly owns 88,967 shares of the company's stock, valued at $898,566.70. The trade was a 12.66% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.