Amcor plc (NYSE:AMCR) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 494,111 shares of the company's stock after selling 28,287 shares during the period. Public Employees Retirement System of Ohio's holdings in Amcor were worth $4,650,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AMCR. Marshall Wace LLP grew its stake in shares of Amcor by 303.9% in the 4th quarter. Marshall Wace LLP now owns 8,699,610 shares of the company's stock valued at $81,863,000 after buying an additional 6,545,689 shares during the period. Wellington Management Group LLP grew its stake in shares of Amcor by 25.1% in the 4th quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company's stock valued at $263,215,000 after buying an additional 5,614,233 shares during the period. First Trust Advisors LP grew its stake 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 valued at $50,837,000 after buying an additional 4,462,367 shares during the period. Invesco Ltd. lifted its holdings in shares of Amcor by 16.0% in the 4th quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock worth $286,300,000 after acquiring an additional 4,199,209 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of Amcor in the 4th quarter worth approximately $31,485,000. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analysts Forecast Growth

AMCR has been the topic of several recent 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 decreased their price objective 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 upgraded shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amcor currently has an average rating of "Moderate Buy" and an average target price of $11.31.

Amcor Stock Up 0.3%

Amcor stock traded up $0.03 during mid-day trading on Friday, reaching $9.11. 36,452,935 shares of the company's stock were exchanged, compared to its average volume of 19,155,627. Amcor plc has a twelve month low of $8.37 and a twelve month high of $11.48. The company has a fifty day moving average of $9.29 and a 200-day moving average of $9.69. The company has a market cap of $13.17 billion, a P/E ratio of 16.56, 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.

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

Amcor Announces Dividend

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 5.60%. Amcor's payout ratio is currently 91.07%.

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.