UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in Amcor plc (NYSE:AMCR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,506,911 shares of the company's stock after buying an additional 893,442 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.52% of Amcor worth $70,640,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Voloridge Investment Management LLC bought a new position in shares of Amcor during the fourth quarter worth $4,765,000. Woodline Partners LP acquired a new position in Amcor during the fourth quarter valued at approximately $817,000. Vident Advisory LLC raised its stake in shares of Amcor by 3.1% during the 4th quarter. Vident Advisory LLC now owns 146,759 shares of the company's stock worth $1,381,000 after purchasing an additional 4,349 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in Amcor in the fourth quarter valued at $21,099,000. Finally, Two Sigma Investments LP bought a new position in Amcor during the fourth quarter worth about $9,027,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Trading Down 0.7%

NYSE:AMCR traded down $0.07 during midday trading on Friday, reaching $9.02. 6,922,578 shares of the stock traded hands, compared to its average volume of 19,002,674. The stock has a market capitalization of $13.03 billion, a P/E ratio of 16.41, a PEG ratio of 1.96 and a beta of 0.78. 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 quick ratio of 0.71 and a current ratio of 1.26. The company has a fifty day moving average of $9.29 and a 200 day moving average of $9.70.

Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. The firm had revenue of $3.33 billion for the quarter, compared to analysts' expectations of $3.51 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business's revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, research analysts predict that Amcor plc will post 0.74 EPS for the current 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 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 5.66%. Amcor's dividend payout ratio (DPR) is presently 91.07%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Truist Financial decreased their target price on shares of Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Raymond James initiated coverage on shares of Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Finally, Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.31.

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.