O Shaughnessy Asset Management LLC Has $17.17 Million Holdings in Amcor plc (NYSE:AMCR)

O Shaughnessy Asset Management LLC lowered its stake in Amcor plc (NYSE:AMCR - Free Report) by 8.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,824,796 shares of the company's stock after selling 166,359 shares during the period. O Shaughnessy Asset Management LLC owned 0.13% of Amcor worth $17,171,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Amcor by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after purchasing an additional 1,249,868 shares during the last quarter. Barclays PLC lifted its position in shares of Amcor by 31.8% in the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after buying an additional 1,096,664 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Amcor by 39.3% in the 3rd 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. Cerity Partners LLC grew its position in shares of Amcor by 78.7% during the 3rd quarter. Cerity Partners LLC now owns 217,498 shares of the company's stock valued at $2,464,000 after buying an additional 95,805 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Amcor during the 3rd quarter valued at about $5,919,000. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Price Performance

Shares of NYSE:AMCR traded down $0.36 during trading on Friday, reaching $9.22. The company had a trading volume of 48,492,246 shares, compared to its average volume of 13,592,388. The firm's fifty day moving average is $9.91 and its 200 day moving average is $10.19. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. The firm has a market capitalization of $13.32 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. Amcor plc has a twelve month low of $8.80 and a twelve month high of $11.48.

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Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company posted $0.09 EPS. The firm's quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts forecast that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor's dividend payout ratio (DPR) is presently 92.73%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $11.00 to $12.00 in a research note on Monday, January 6th. UBS Group raised Amcor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Bank of America upgraded shares of Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target for the company in a research report on Wednesday, December 11th. Finally, Truist Financial upgraded shares of Amcor from a "hold" rating to a "buy" rating and lifted their price objective for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.46.

Insider Buying and Selling at Amcor

In related news, Director Achal Agarwal purchased 10,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the acquisition, the director now owns 88,967 shares of the company's stock, valued at approximately $898,566.70. This represents a 12.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

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.