Captrust Financial Advisors Sells 31,987 Shares of Amcor plc (NYSE:AMCR)

Captrust Financial Advisors reduced its stake in Amcor plc (NYSE:AMCR - Free Report) by 48.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,312 shares of the company's stock after selling 31,987 shares during the quarter. Captrust Financial Advisors' holdings in Amcor were worth $323,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AMCR. Barclays PLC boosted its position in shares of Amcor by 31.8% in the 3rd 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 in the last quarter. Park Avenue Securities LLC lifted its position in Amcor by 13.6% in the 4th quarter. Park Avenue Securities LLC now owns 19,571 shares of the company's stock valued at $184,000 after acquiring an additional 2,348 shares in the last quarter. Merit Financial Group LLC bought a new position in Amcor in the 4th quarter valued at approximately $127,000. HB Wealth Management LLC lifted its position in Amcor by 41.0% in the 4th quarter. HB Wealth Management LLC now owns 68,466 shares of the company's stock valued at $644,000 after acquiring an additional 19,915 shares in the last quarter. Finally, Gradient Investments LLC bought a new position in Amcor in the 4th quarter valued at approximately $471,000. 45.14% of the stock is owned by institutional investors.

Insider Transactions at Amcor

In related news, Director Achal Agarwal acquired 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost 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 approximately $898,566.70. This trade represents a 12.66% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Amcor Stock Performance

AMCR traded down $0.08 during mid-day trading on Monday, reaching $8.96. 24,950,157 shares of the company traded hands, compared to its average volume of 18,824,028. The stock has a market capitalization of $12.94 billion, a P/E ratio of 16.28, a P/E/G 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. The company's fifty day moving average price is $9.32 and its 200-day moving average price is $9.72. Amcor plc has a 52-week low of $8.37 and a 52-week 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 EPS for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. Amcor's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. On average, sell-side analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd will be paid a $0.1275 dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.51 annualized dividend and a dividend yield of 5.70%. Amcor's dividend payout ratio (DPR) is 91.07%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMCR shares. Raymond James started coverage on Amcor in a research report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Jefferies Financial Group raised shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Finally, Truist Financial dropped their price target 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. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.31.

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.