Live Oak Investment Partners purchased a new stake in shares of Amcor PLC (NYSE:AMCR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 33,837 shares of the company's stock, valued at approximately $328,000.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Marshall Wace LLP raised its stake in Amcor by 303.9% in the fourth quarter. Marshall Wace LLP now owns 8,699,610 shares of the company's stock worth $81,863,000 after buying an additional 6,545,689 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Amcor by 25.1% during the 4th quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company's stock worth $263,215,000 after acquiring an additional 5,614,233 shares during the period. First Trust Advisors LP raised its position in shares of Amcor by 474.7% in the 4th quarter. First Trust Advisors LP now owns 5,402,490 shares of the company's stock worth $50,837,000 after acquiring an additional 4,462,367 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Amcor by 16.0% in the 4th quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock valued at $286,300,000 after purchasing an additional 4,199,209 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Amcor during the fourth quarter valued at approximately $31,485,000. Hedge funds and other institutional investors own 45.14% of the company's stock.
Amcor Stock Down 1.3%
NYSE:AMCR traded down $0.12 on Wednesday, reaching $9.06. 23,382,166 shares of the stock traded hands, compared to its average volume of 20,419,568. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $13.09 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 2.52 and a beta of 0.73. Amcor PLC has a 12 month low of $8.37 and a 12 month high of $11.48. The company's fifty day simple moving average is $9.22 and its 200 day simple moving average is $9.54.
Amcor (NYSE:AMCR - Get Free Report) last announced 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. Amcor had a net margin of 5.99% and a return on equity of 26.49%. The company had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $0.13 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.
Amcor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd were given a dividend of $0.1275 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.51 annualized dividend and a dividend yield of 5.63%. Amcor's dividend payout ratio (DPR) is presently 91.07%.
Analyst Upgrades and Downgrades
AMCR has been the subject of a number of research reports. Truist Financial decreased their price objective on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial assumed coverage on shares of Amcor in a research note on Tuesday, April 22nd. They issued a "market perform" rating for the company. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and an average target price of $11.31.
Read Our Latest Report on Amcor
Amcor Profile
(
Free Report)
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.
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