Woodline Partners LP acquired a new stake in Amcor plc (NYSE:AMCR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 86,799 shares of the company's stock, valued at approximately $817,000.
Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp raised its holdings in Amcor by 247.4% in the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after purchasing an additional 2,660 shares during the period. Quarry LP raised its holdings in Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock worth $35,000 after purchasing an additional 3,551 shares during the period. Huntington National Bank raised its holdings 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 purchasing an additional 1,522 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Amcor in the fourth quarter worth $44,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Amcor in the fourth quarter worth $60,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
AMCR has been the topic of several analyst reports. Raymond James initiated coverage on shares of Amcor in a report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. 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 report on Tuesday, April 22nd. Finally, Jefferies Financial Group raised shares of Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and a consensus target price of $11.31.
Get Our Latest Stock Analysis on Amcor
Amcor Stock Up 0.3%
Amcor stock traded up $0.03 during mid-day trading on Friday, reaching $9.11. The company's stock had a trading volume of 36,452,935 shares, compared to its average volume of 19,075,028. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 16.56, 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. The business's 50 day simple moving average is $9.29 and its 200 day simple moving average is $9.69. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26.
Amcor (NYSE:AMCR - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. The business had revenue of $3.33 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. As a group, research analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd will be given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend is Thursday, May 22nd. Amcor's dividend payout ratio (DPR) is currently 91.07%.
Amcor Profile
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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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