Charles Schwab Investment Management Inc. Boosts Stock Holdings in Ardagh Metal Packaging S.A. $AMBP

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Ardagh Metal Packaging S.A. by 84.7%, owning approximately 745,986 shares valued at $2.25 million by the end of the first quarter.
• The company recently declared a quarterly dividend of $0.10, translating to a 10.9% dividend yield, despite a highly negative dividend payout ratio.
• A variety of Wall Street analysts have provided mixed ratings for the stock, with a consensus rating of "Hold" and an average price target of $4.32.

Charles Schwab Investment Management Inc. lifted its stake in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP - Free Report) by 84.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 745,986 shares of the company's stock after purchasing an additional 342,002 shares during the period. Charles Schwab Investment Management Inc. owned 0.12% of Ardagh Metal Packaging worth $2,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in shares of Ardagh Metal Packaging by 140.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company's stock worth $28,000 after purchasing an additional 5,361 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Ardagh Metal Packaging by 292.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,975 shares of the company's stock worth $33,000 after purchasing an additional 8,180 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Ardagh Metal Packaging during the 1st quarter worth approximately $43,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ardagh Metal Packaging during the 1st quarter worth approximately $51,000. Finally, Ameriprise Financial Inc. acquired a new position in shares of Ardagh Metal Packaging during the 4th quarter worth approximately $63,000. 16.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AMBP shares. UBS Group lowered their target price on Ardagh Metal Packaging from $4.50 to $4.00 and set a "neutral" rating on the stock in a report on Tuesday, July 29th. Wells Fargo & Company reduced their price target on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. Morgan Stanley lifted their price target on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an "equal weight" rating in a research report on Wednesday, June 25th. Finally, Citigroup lifted their price target on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $4.32.

Ardagh Metal Packaging Stock Down 2.6%

NYSE AMBP traded down $0.10 on Wednesday, reaching $3.54. The stock had a trading volume of 559,807 shares, compared to its average volume of 1,766,610. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of -117.83, a P/E/G ratio of 1.31 and a beta of 0.55. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78. The stock has a fifty day moving average price of $4.12 and a two-hundred day moving average price of $3.60.

Ardagh Metal Packaging (NYSE:AMBP - Get Free Report) last announced its earnings results on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.33 billion. Ardagh Metal Packaging had a negative return on equity of 76.86% and a net margin of 0.13%.The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. Sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, August 7th. This represents a $0.40 dividend on an annualized basis and a yield of 11.3%. Ardagh Metal Packaging's payout ratio is presently -1,333.33%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.