Jefferies Financial Group Inc. Purchases New Position in Amcor plc (NYSE:AMCR)

Jefferies Financial Group Inc. purchased a new stake in Amcor plc (NYSE:AMCR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 70,421 shares of the company's stock, valued at approximately $663,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Gen Wealth Partners Inc raised its holdings in shares of Amcor by 4.4% during the fourth quarter. Gen Wealth Partners Inc now owns 54,370 shares of the company's stock valued at $512,000 after acquiring an additional 2,302 shares during the period. Graham Capital Management L.P. grew its position in Amcor by 1,425.3% during the 4th quarter. Graham Capital Management L.P. now owns 162,354 shares of the company's stock worth $1,528,000 after purchasing an additional 151,710 shares in the last quarter. Ethic Inc. raised its stake in Amcor by 146.1% during the 4th quarter. Ethic Inc. now owns 116,360 shares of the company's stock valued at $1,095,000 after purchasing an additional 69,075 shares during the period. Deutsche Bank AG raised its stake in Amcor by 51.3% during the 4th quarter. Deutsche Bank AG now owns 8,061,242 shares of the company's stock valued at $75,856,000 after purchasing an additional 2,734,369 shares during the period. Finally, Eminence Capital LP purchased a new stake in shares of Amcor in the fourth quarter valued at $27,065,000. Institutional investors and hedge funds own 45.14% of the company's stock.

Insider Transactions at Amcor

In other news, Director Achal Agarwal purchased 10,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the purchase, the director now directly owns 88,967 shares of the company's stock, valued at approximately $898,566.70. The trade was a 12.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

Amcor Stock Up 0.1%

NYSE:AMCR traded up $0.01 during mid-day trading on Monday, reaching $9.45. The stock had a trading volume of 26,162,364 shares, compared to its average volume of 18,463,025. The stock has a market cap of $13.66 billion, a P/E ratio of 17.18, a PEG ratio of 1.96 and a beta of 0.78. The business's 50 day moving average is $9.40 and its 200 day moving average is $9.76. 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 plc has a fifty-two week low of $8.37 and a fifty-two week high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly 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 return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The firm's revenue was down 2.3% on a year-over-year basis. As a group, sell-side analysts predict that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Thursday, May 22nd. Amcor's dividend payout ratio 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.