Mn Services Vermogensbeheer B.V. Has $5.12 Million Stock Position in Amcor PLC (NYSE:AMCR)

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 527,637 shares of the company's stock after selling 58,800 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Amcor were worth $5,118,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of AMCR. CX Institutional bought a new stake in shares of Amcor during the 1st quarter worth $111,000. SG Americas Securities LLC lifted its position in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock worth $1,455,000 after buying an additional 95,314 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Amcor by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after buying an additional 1,249,868 shares during the last quarter. Van ECK Associates Corp bought a new stake in shares of Amcor during the 4th quarter worth $2,605,000. Finally, Steward Partners Investment Advisory LLC raised its position in Amcor by 11,326.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company's stock valued at $69,000 after purchasing an additional 7,249 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMCR shares. Raymond James Financial started coverage on Amcor in a research report on Tuesday, April 22nd. They issued a "market perform" rating for the company. Truist Financial dropped their target price on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.31.

Amcor Trading Down 0.6%

Shares of AMCR stock traded down $0.06 on Friday, hitting $9.00. The company had a trading volume of 124,127,499 shares, compared to its average volume of 20,338,955. The firm has a market cap of $13.00 billion, a P/E ratio of 16.06, a P/E/G ratio of 2.49 and a beta of 0.73. The stock's 50-day moving average is $9.23 and its two-hundred day moving average is $9.56. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.16 and a current ratio of 1.70. Amcor PLC has a twelve month low of $8.37 and a twelve month high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Amcor had a return on equity of 26.49% and a net margin of 5.99%. The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities research analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd were paid a dividend of $0.1275 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.51 annualized dividend and a yield of 5.67%. Amcor's dividend payout ratio is currently 91.07%.

Amcor 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.