GW Henssler & Associates Ltd. Sells 455,268 Shares of Amcor plc (NYSE:AMCR)

GW Henssler & Associates Ltd. cut its stake in shares of Amcor plc (NYSE:AMCR - Free Report) by 27.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,191,829 shares of the company's stock after selling 455,268 shares during the quarter. GW Henssler & Associates Ltd. owned approximately 0.08% of Amcor worth $11,489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMCR. Money Concepts Capital Corp bought a new position in Amcor in the 4th quarter worth approximately $31,000. Clear Street Markets LLC boosted its position in shares of Amcor by 93.6% during the first quarter. Clear Street Markets LLC now owns 2,913 shares of the company's stock worth $33,000 after acquiring an additional 1,408 shares during the last quarter. Signaturefd LLC grew its stake in Amcor by 1,619.5% during the third quarter. Signaturefd LLC now owns 3,267 shares of the company's stock valued at $30,000 after acquiring an additional 3,077 shares in the last quarter. Quent Capital LLC increased its holdings in Amcor by 99.6% in the 3rd quarter. Quent Capital LLC now owns 3,814 shares of the company's stock valued at $35,000 after acquiring an additional 1,903 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Amcor in the 3rd quarter worth $38,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Price Performance

Shares of AMCR traded down $0.27 during midday trading on Wednesday, hitting $9.11. 7,604,026 shares of the company traded hands, compared to its average volume of 8,904,328. The stock has a market cap of $13.17 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 10.06 and a beta of 0.78. The firm has a 50 day moving average of $9.25 and a 200-day moving average of $9.28. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. Amcor plc has a 52 week low of $8.45 and a 52 week high of $11.22.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. On average, analysts forecast that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.49%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor's dividend payout ratio (DPR) is presently 113.64%.

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.

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