Amcor plc (NYSE:AMCR) Shares Purchased by North Star Asset Management Inc.

North Star Asset Management Inc. grew its position in Amcor plc (NYSE:AMCR - Free Report) by 53.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 168,801 shares of the company's stock after purchasing an additional 58,890 shares during the quarter. North Star Asset Management Inc.'s holdings in Amcor were worth $1,588,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMCR. Barclays PLC grew its holdings in shares of Amcor by 31.8% during the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock valued at $51,484,000 after buying an additional 1,096,664 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Amcor by 13.6% during the fourth quarter. Park Avenue Securities LLC now owns 19,571 shares of the company's stock valued at $184,000 after buying an additional 2,348 shares during the last quarter. Merit Financial Group LLC purchased a new stake in Amcor in the fourth quarter valued at $127,000. Gradient Investments LLC purchased a new stake in Amcor in the fourth quarter valued at $471,000. Finally, Blue Trust Inc. boosted its holdings in Amcor by 18.4% in the fourth 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 during the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Amcor Stock Up 0.4%

Shares of Amcor stock traded up $0.04 during trading on Thursday, hitting $9.07. 30,180,594 shares of the stock were exchanged, compared to its average volume of 18,996,394. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. The firm's 50-day moving average price is $9.30 and its 200 day moving average price is $9.71. Amcor plc has a 12-month low of $8.37 and a 12-month 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.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $3.51 billion. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The company's revenue for the quarter was down 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.13 EPS. As a group, analysts forecast that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd will be given a dividend of $0.1275 per share. The ex-dividend date is Thursday, May 22nd. This represents a $0.51 annualized dividend and a dividend yield of 5.63%. Amcor's dividend payout ratio (DPR) 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.