Amcor plc (NYSE:AMCR) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Amcor plc (NYSE:AMCR - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,391,765 shares of the company's stock after acquiring an additional 468,883 shares during the period. Federated Hermes Inc. owned 1.76% of Amcor worth $244,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. grew its holdings in Amcor by 4.5% during the 4th quarter. Daiwa Securities Group Inc. now owns 131,072 shares of the company's stock valued at $1,264,000 after buying an additional 5,696 shares in the last quarter. TRUE Private Wealth Advisors purchased a new stake in Amcor during the 4th quarter valued at approximately $104,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Amcor by 36.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 839,320 shares of the company's stock valued at $8,091,000 after buying an additional 225,928 shares in the last quarter. Everence Capital Management Inc. grew its holdings in Amcor by 109.0% during the 4th quarter. Everence Capital Management Inc. now owns 116,400 shares of the company's stock valued at $1,122,000 after buying an additional 60,710 shares in the last quarter. Finally, Wealth Alliance grew its holdings in Amcor by 1.9% during the 4th quarter. Wealth Alliance now owns 55,592 shares of the company's stock valued at $536,000 after buying an additional 1,061 shares in the last quarter. Institutional investors own 45.14% of the company's stock.

Amcor Price Performance

AMCR traded up $0.07 during trading on Thursday, reaching $8.90. 4,808,981 shares of the company traded hands, compared to its average volume of 8,675,642. 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 12-month low of $8.45 and a 12-month high of $11.17. The firm has a fifty day simple moving average of $9.19 and a 200 day simple moving average of $9.26. The company has a market cap of $12.86 billion, a P/E ratio of 20.23, a PEG ratio of 9.71 and a beta of 0.78.

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

Amcor Dividend Announcement

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 5.62%. The ex-dividend date 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.