Troluce Capital Advisors LLC Takes $6.28 Million Position in Amcor plc (NYSE:AMCR)

Troluce Capital Advisors LLC bought a new position in shares of Amcor plc (NYSE:AMCR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 667,623 shares of the company's stock, valued at approximately $6,282,000. Amcor makes up about 0.2% of Troluce Capital Advisors LLC's portfolio, making the stock its 11th largest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position in Amcor by 247.4% in the 4th 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 in the last quarter. Quarry LP grew its position in Amcor by 2,064.5% in the 4th quarter. Quarry LP now owns 3,723 shares of the company's stock worth $35,000 after purchasing an additional 3,551 shares in the last quarter. Huntington National Bank grew its position in Amcor by 52.4% in the 4th quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after purchasing an additional 1,522 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Amcor in the 4th quarter worth about $44,000. Finally, SBI Securities Co. Ltd. bought a new stake in Amcor in the 4th quarter worth about $60,000. 45.14% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on AMCR. Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Raymond James began coverage on shares of Amcor in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Finally, Truist Financial dropped their target price on shares of Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.31.

Amcor Stock Performance

Amcor stock traded down $0.12 during mid-day trading on Wednesday, reaching $9.19. The company's stock had a trading volume of 22,291,675 shares, compared to its average volume of 18,604,893. Amcor plc has a 12-month low of $8.37 and a 12-month high of $11.48. The company has a market capitalization of $13.28 billion, a P/E ratio of 16.70, a PEG ratio of 1.96 and a beta of 0.78. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. The firm's fifty day moving average price is $9.39 and its two-hundred day moving average price is $9.75.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The business had revenue of $3.33 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same period in the previous year, the business earned $0.13 EPS. Amcor's revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd will be paid a $0.1275 dividend. The ex-dividend date is Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a yield of 5.55%. Amcor's dividend payout ratio is 91.07%.

Insider Activity at Amcor

In other news, Director Achal Agarwal purchased 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the transaction, the director now directly owns 88,967 shares of the company's stock, valued at approximately $898,566.70. This trade represents a 12.66% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by company insiders.

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.