Amcor plc (NYSE:AMCR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Amcor plc (NYSE:AMCR - Free Report) by 36.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 839,320 shares of the company's stock after acquiring an additional 225,928 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Amcor worth $8,091,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMCR. Price T Rowe Associates Inc. MD increased its position in shares of Amcor by 783.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,275,142 shares of the company's stock valued at $219,352,000 after acquiring an additional 17,093,248 shares during the last quarter. State Street Corp boosted its stake in shares of Amcor by 10.2% in the first quarter. State Street Corp now owns 112,644,781 shares of the company's stock valued at $1,276,265,000 after purchasing an additional 10,472,157 shares during the period. Invesco Ltd. boosted its stake in shares of Amcor by 40.9% in the first quarter. Invesco Ltd. now owns 27,078,220 shares of the company's stock valued at $306,797,000 after purchasing an additional 7,854,257 shares during the period. Federated Hermes Inc. boosted its stake in shares of Amcor by 951.8% in the first quarter. Federated Hermes Inc. now owns 8,641,388 shares of the company's stock valued at $97,907,000 after purchasing an additional 7,819,836 shares during the period. Finally, Norges Bank purchased a new position in shares of Amcor in the fourth quarter valued at approximately $58,210,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Stock Up 0.8 %

Shares of NYSE AMCR traded up $0.07 during midday trading on Friday, hitting $8.97. The company's stock had a trading volume of 6,437,623 shares, compared to its average volume of 6,234,337. The business's fifty day simple moving average is $9.19 and its two-hundred day simple moving average is $9.27. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71. Amcor plc has a 1 year low of $8.45 and a 1 year high of $11.11. The firm has a market capitalization of $12.96 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 9.86 and a beta of 0.78.

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

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.57%. Amcor's dividend payout ratio is currently 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.