Lansforsakringar Fondforvaltning AB publ Purchases Shares of 31,262 Amcor plc (NYSE:AMCR)

Lansforsakringar Fondforvaltning AB publ bought a new stake in Amcor plc (NYSE:AMCR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,262 shares of the company's stock, valued at approximately $294,000.

A number of other institutional investors also recently bought and sold shares of AMCR. Jones Financial Companies Lllp increased its position in Amcor by 247.4% in the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after buying an additional 2,660 shares in the last quarter. Quarry LP increased its position in Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock worth $35,000 after buying an additional 3,551 shares in the last quarter. Huntington National Bank increased its position in Amcor by 52.4% in the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after buying an additional 1,522 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Amcor in the fourth quarter worth about $44,000. Finally, Menard Financial Group LLC purchased a new stake in Amcor in the fourth quarter worth about $46,000. Institutional investors own 45.14% of the company's stock.

Analyst Ratings Changes

AMCR has been the subject of a number of analyst reports. Truist Financial reduced their price target on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Finally, Raymond James initiated coverage on Amcor in a research report on Tuesday, April 22nd. They issued a "market perform" rating for the company. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $11.31.

Amcor Price Performance

Shares of NYSE:AMCR traded up $0.10 during trading on Tuesday, hitting $9.13. 23,487,049 shares of the company's stock were exchanged, compared to its average volume of 19,153,119. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. Amcor plc has a 52-week low of $8.37 and a 52-week high of $11.48. The business's 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.68. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 16.59, a PEG 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. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter last year, the business posted $0.13 earnings per share. The firm's revenue was down 2.3% on a year-over-year basis. As a group, equities analysts predict that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a yield of 5.59%. The ex-dividend date is Thursday, May 22nd. 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.