Two Sigma Advisers LP purchased a new position in Amcor plc (NYSE:AMCR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,242,200 shares of the company's stock, valued at approximately $21,099,000. Two Sigma Advisers LP owned 0.16% of Amcor at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock valued at $35,000 after purchasing an additional 2,660 shares in the last quarter. Quarry LP increased its holdings in shares of 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 buying an additional 3,551 shares during the last quarter. Huntington National Bank increased its holdings in shares of 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 buying an additional 1,522 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Amcor during the 4th quarter valued at about $44,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Amcor in the 4th quarter valued at about $60,000. 45.14% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Amcor
In other news, Director Achal Agarwal purchased 10,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the acquisition, the director now owns 88,967 shares of the company's stock, valued at approximately $898,566.70. This represents a 12.66% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.
Amcor Stock Down 0.8%
Shares of Amcor stock traded down $0.08 during trading on Monday, hitting $8.96. 24,950,157 shares of the stock traded hands, compared to its average volume of 18,824,028. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The stock's fifty day simple moving average is $9.34 and its 200 day simple moving average is $9.73. The firm has a market cap of $12.94 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. Amcor plc has a 52-week low of $8.37 and a 52-week high of $11.48.
Amcor (NYSE:AMCR - Get Free Report) last issued 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 net margin of 5.89% and a return on equity of 26.14%. The company had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the prior year, the business earned $0.13 EPS. The firm's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Amcor plc will post 0.74 earnings per share for the current fiscal year.
Amcor Announces Dividend
The business also recently announced 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. The ex-dividend date is Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a yield of 5.70%. Amcor's dividend payout ratio is currently 91.07%.
Analysts Set New Price Targets
Several research firms recently commented on AMCR. Truist Financial dropped 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 raised shares of Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Raymond James started coverage on shares of Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Four research 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. According to data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and an average target price of $11.31.
Check Out Our Latest Research Report on AMCR
Amcor Profile
(
Free Report)
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.
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