Bryn Mawr Capital Management LLC cut its holdings in Amcor plc (NYSE:AMCR - Free Report) by 71.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,196 shares of the company's stock after selling 211,442 shares during the period. Bryn Mawr Capital Management LLC's holdings in Amcor were worth $821,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of AMCR. Signaturefd LLC lifted its position in Amcor by 1,619.5% during the third quarter. Signaturefd LLC now owns 3,267 shares of the company's stock worth $30,000 after purchasing an additional 3,077 shares during the period. Cary Street Partners Investment Advisory LLC bought a new position in shares of Amcor in the third quarter worth about $38,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Amcor in the fourth quarter worth about $40,000. Loomis Sayles & Co. L P lifted its holdings in shares of Amcor by 48.2% in the third quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company's stock worth $41,000 after acquiring an additional 1,445 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Amcor in the third quarter worth about $46,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Amcor Price Performance
Shares of AMCR stock traded up $0.02 on Friday, reaching $8.97. The company had a trading volume of 5,732,955 shares, compared to its average volume of 6,045,468. The stock has a market capitalization of $12.96 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 9.84 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. Amcor plc has a one year low of $8.45 and a one year high of $11.09. The business's 50-day moving average is $9.19 and its 200 day moving average is $9.27.
Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.01. The firm had revenue of $3.25 billion during the quarter, compared to analysts' expectations of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. Equities research analysts forecast that Amcor plc will post 0.68 EPS for the current fiscal year.
Amcor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor's dividend payout ratio is currently 113.64%.
About Amcor
(
Free Report)
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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