Amcor plc (NYSE:AMCR) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in shares of Amcor plc (NYSE:AMCR - Free Report) by 35.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 76,644 shares of the company's stock after selling 42,436 shares during the period. Janus Henderson Group PLC's holdings in Amcor were worth $721,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AMCR. Jones Financial Companies Lllp grew its holdings in Amcor by 247.4% during 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 lifted its position in shares of Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after buying an additional 3,551 shares during the last quarter. Huntington National Bank lifted its position in shares of Amcor by 52.4% in the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock valued at $42,000 after buying an additional 1,522 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Amcor during the 4th quarter worth approximately $44,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Amcor during the 4th quarter worth approximately $60,000. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMCR shares. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Truist Financial dropped their price target on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James began coverage on Amcor in a report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Four equities research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.31.

Amcor Price Performance

NYSE:AMCR traded up $0.04 during trading hours on Thursday, reaching $9.07. 30,180,749 shares of the company were exchanged, compared to its average volume of 19,045,771. The business has a 50 day moving average of $9.29 and a 200 day moving average of $9.70. Amcor plc has a 1-year low of $8.37 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. The company has a market capitalization of $13.10 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.96 and a beta of 0.78.

Amcor (NYSE:AMCR - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $3.33 billion for 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 quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Research analysts forecast that Amcor plc will post 0.74 EPS for the current year.

Amcor Announces Dividend

The business also recently announced 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 is Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.63%. Amcor's dividend payout ratio is presently 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.