Susquehanna Fundamental Investments LLC Takes Position in Amcor plc (NYSE:AMCR)

Susquehanna Fundamental Investments LLC bought a new position in Amcor plc (NYSE:AMCR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 345,340 shares of the company's stock, valued at approximately $3,250,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWA Asset Management Group LLC increased its position in shares of Amcor by 3.9% during the fourth quarter. CWA Asset Management Group LLC now owns 32,343 shares of the company's stock worth $304,000 after acquiring an additional 1,213 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its holdings in Amcor by 11.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 13,892 shares of the company's stock worth $131,000 after purchasing an additional 1,409 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Amcor by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 195,714 shares of the company's stock worth $1,842,000 after purchasing an additional 1,507 shares in the last quarter. Huntington National Bank raised its stake in shares of Amcor by 52.4% in the 4th quarter. Huntington National Bank now owns 4,426 shares of the company's stock valued at $42,000 after purchasing an additional 1,522 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Amcor by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 442,152 shares of the company's stock valued at $4,161,000 after purchasing an additional 1,761 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Achal Agarwal acquired 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were 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 $898,566.70. The trade was a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.60% of the company's stock.

Amcor Price Performance

Amcor stock traded up $0.25 during mid-day trading on Friday, reaching $9.33. The company had a trading volume of 39,425,774 shares, compared to its average volume of 17,323,566. The business has a fifty day simple moving average of $9.57 and a 200 day simple moving average of $9.91. The company has a market cap of $13.49 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.96 and a beta of 0.78. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a fifty-two week low of $8.37 and a fifty-two week high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, hitting analysts' consensus estimates of $0.18. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the company posted $0.13 EPS. Amcor's quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities research analysts predict that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Thursday, May 22nd. Amcor's dividend payout ratio (DPR) is currently 92.73%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Raymond James assumed coverage on shares of Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Truist Financial reduced their price objective on shares of Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. Four equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.31.

About Amcor

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.