Jefferies Financial Group Inc. Makes New Investment in Amcor plc (NYSE:AMCR)

Jefferies Financial Group Inc. acquired a new stake in shares of Amcor plc (NYSE:AMCR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,421 shares of the company's stock, valued at approximately $663,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in Amcor by 31.8% in the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after acquiring an additional 1,096,664 shares during the period. Blue Trust Inc. boosted its stake in shares of Amcor by 18.4% during the 4th quarter. Blue Trust Inc. now owns 12,254 shares of the company's stock valued at $115,000 after purchasing an additional 1,901 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Amcor by 22.9% during the fourth quarter. Pacer Advisors Inc. now owns 208,271 shares of the company's stock valued at $1,960,000 after buying an additional 38,869 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Amcor by 12.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 550,677 shares of the company's stock valued at $5,182,000 after buying an additional 60,049 shares during the period. Finally, Forsta AP Fonden raised its stake in Amcor by 3.1% in the fourth quarter. Forsta AP Fonden now owns 683,600 shares of the company's stock worth $6,433,000 after buying an additional 20,600 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMCR shares. Truist Financial reduced their target price on Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Raymond James assumed coverage on Amcor in a report on Tuesday, April 22nd. They issued a "market perform" rating for the company. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amcor currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.31.

Amcor Stock Up 0.3%

Shares of NYSE:AMCR traded up $0.03 during midday 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. Amcor plc has a 12-month low of $8.37 and a 12-month high of $11.48. 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 firm has a 50 day moving average of $9.29 and a 200-day moving average of $9.69. The firm has a market capitalization of $13.17 billion, a P/E ratio of 16.56, a PEG ratio of 1.96 and a beta of 0.78.

Amcor (NYSE:AMCR - Get Free Report) last announced 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 business had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. On average, research analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date is Thursday, May 22nd. Amcor's payout ratio is 91.07%.

About Amcor

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.