Occudo Quantitative Strategies LP bought a new position in Amcor plc (NYSE:AMCR - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 153,045 shares of the company's stock, valued at approximately $1,440,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Amcor by 31.8% during the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company's stock valued at $51,484,000 after purchasing an additional 1,096,664 shares during the last quarter. Franklin Resources Inc. grew its position in Amcor by 39.3% during the third quarter. Franklin Resources Inc. now owns 719,749 shares of the company's stock valued at $8,162,000 after buying an additional 203,166 shares during the period. Principal Financial Group Inc. increased its holdings in Amcor by 5.7% during the third quarter. Principal Financial Group Inc. now owns 1,969,613 shares of the company's stock worth $22,316,000 after buying an additional 105,457 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Amcor by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 442,152 shares of the company's stock worth $4,161,000 after acquiring an additional 1,761 shares during the period. Finally, Graypoint LLC bought a new position in shares of Amcor during the 4th quarter valued at approximately $97,000. Hedge funds and other institutional investors own 45.14% of the company's stock.
Insider Transactions at Amcor
In related news, Director Achal Agarwal purchased 10,000 shares of the firm's stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $10.10 per share, with a total value of $101,000.00. Following the completion of the purchase, the director now directly owns 88,967 shares in the company, valued at approximately $898,566.70. This represents a 12.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.
Amcor Price Performance
Shares of AMCR stock traded up $0.14 on Friday, reaching $9.45. The company's stock had a trading volume of 21,853,986 shares, compared to its average volume of 18,399,981. The company has a market capitalization of $13.66 billion, a P/E ratio of 17.19, a PEG ratio of 1.96 and a beta of 0.78. Amcor plc has a 12-month low of $8.37 and a 12-month high of $11.48. The stock's 50 day simple moving average is $9.41 and its 200-day simple moving average is $9.79. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80.
Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.33 billion during the quarter, compared to analysts' expectations of $3.51 billion. During the same period in the prior year, the business posted $0.13 EPS. Amcor's quarterly revenue was down 2.3% compared to the same quarter last year. As a group, equities analysts predict that Amcor plc will post 0.74 earnings per share for the current fiscal year.
Amcor Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd will be issued a dividend of $0.1275 per share. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.40%. Amcor's dividend payout ratio is currently 91.07%.
Analyst Ratings Changes
AMCR has been the topic of a number of research reports. Jefferies Financial Group raised shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Truist Financial lowered their target price on Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Raymond James started coverage on Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $11.31.
View Our Latest Report on AMCR
Amcor Profile
(
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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