Two Sigma Investments LP acquired a new position in shares of Amcor plc (NYSE:AMCR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 959,251 shares of the company's stock, valued at approximately $9,027,000. Two Sigma Investments LP owned approximately 0.07% of Amcor as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC grew its position in Amcor by 31.8% in the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after acquiring an additional 1,096,664 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Amcor by 13.6% during the 4th quarter. Park Avenue Securities LLC now owns 19,571 shares of the company's stock worth $184,000 after purchasing an additional 2,348 shares during the period. Merit Financial Group LLC purchased a new position in shares of Amcor during the 4th quarter worth $127,000. Gradient Investments LLC acquired a new stake in shares of Amcor during the 4th quarter worth about $471,000. Finally, Blue Trust Inc. raised its holdings in Amcor by 18.4% in the 4th quarter. Blue Trust Inc. now owns 12,254 shares of the company's stock valued at $115,000 after buying an additional 1,901 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Truist Financial dropped their price objective on shares of Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Raymond James began coverage on Amcor in a report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.31.
Read Our Latest Research Report on Amcor
Amcor Stock Down 0.5%
Amcor stock traded down $0.05 during midday trading on Friday, hitting $9.04. The stock had a trading volume of 4,353,219 shares, compared to its average volume of 18,990,335. The stock has a market cap of $13.06 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.96 and a beta of 0.78. The business has a fifty day moving average price of $9.29 and a 200 day moving average price of $9.70. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a 12 month low of $8.37 and a 12 month high of $11.48.
Amcor (NYSE:AMCR - Get Free Report) last announced its 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 26.14% and a net margin of 5.89%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. Research analysts predict that Amcor plc will post 0.74 EPS for the current year.
Amcor Dividend Announcement
The business also recently announced 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. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.64%. The ex-dividend date is Thursday, May 22nd. Amcor's dividend payout ratio (DPR) is presently 91.07%.
Amcor Company Profile
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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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