Amcor plc (NYSE:AMCR) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 279.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 445,112 shares of the company's stock after purchasing an additional 327,759 shares during the period. Victory Capital Management Inc.'s holdings in Amcor were worth $4,291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Savant Capital LLC boosted its position in Amcor by 10.0% in the 4th quarter. Savant Capital LLC now owns 17,640 shares of the company's stock worth $170,000 after purchasing an additional 1,602 shares in the last quarter. Mission Wealth Management LP boosted its holdings in Amcor by 11.3% during the fourth quarter. Mission Wealth Management LP now owns 52,381 shares of the company's stock worth $505,000 after buying an additional 5,334 shares in the last quarter. WealthTrust Axiom LLC grew its position in Amcor by 16.9% during the fourth quarter. WealthTrust Axiom LLC now owns 97,507 shares of the company's stock valued at $940,000 after buying an additional 14,100 shares during the period. Certuity LLC purchased a new position in Amcor in the fourth quarter valued at $102,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Amcor in the fourth quarter valued at $108,000. 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 during trading hours on Thursday, hitting $10.36. 7,117,582 shares of the company's stock were exchanged, compared to its average volume of 8,585,183. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $10.51. The firm has a market cap of $14.97 billion, a P/E ratio of 22.98, a P/E/G ratio of 5.65 and a beta of 0.79. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76. The firm has a 50 day moving average of $9.42 and a two-hundred day moving average of $9.39.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.49 billion. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The firm's revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. Sell-side analysts forecast that Amcor plc will post 0.7 EPS for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 22nd will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Tuesday, May 21st. Amcor's dividend payout ratio is presently 111.11%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Amcor from $9.90 to $10.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 1st.

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.