Lifeworks Advisors LLC Purchases 125,754 Shares of Amcor plc (NYSE:AMCR)

Lifeworks Advisors LLC lifted its position in Amcor plc (NYSE:AMCR - Free Report) by 34.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 490,753 shares of the company's stock after purchasing an additional 125,754 shares during the period. Lifeworks Advisors LLC's holdings in Amcor were worth $4,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AMCR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Amcor by 275.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,613,469 shares of the company's stock valued at $74,931,000 after acquiring an additional 4,851,222 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Amcor by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,052,929 shares of the company's stock valued at $433,358,000 after buying an additional 2,862,471 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Amcor by 39,411.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,811,600 shares of the company's stock worth $31,855,000 after acquiring an additional 2,804,484 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Amcor during the 4th quarter valued at approximately $23,810,000. Finally, KBC Group NV grew its holdings in shares of Amcor by 94.8% in the third quarter. KBC Group NV now owns 2,940,184 shares of the company's stock valued at $33,312,000 after purchasing an additional 1,430,545 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

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Amcor Trading Down 0.6 %

Shares of Amcor stock traded down $0.07 on Wednesday, hitting $9.94. 21,600,672 shares of the company traded hands, compared to its average volume of 21,468,906. Amcor plc has a 52 week low of $8.80 and a 52 week high of $11.48. The company has a market cap of $14.36 billion, a PE ratio of 18.06, a PEG ratio of 1.96 and a beta of 0.80. The stock's 50 day moving average price is $9.88 and its 200-day moving average price is $10.37. 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 (NYSE:AMCR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. Amcor's revenue was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $0.09 EPS. Equities research analysts predict that Amcor plc will post 0.74 EPS for the current year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.13%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor's dividend payout ratio (DPR) is 92.73%.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of recent research reports. Citigroup raised shares of Amcor from a "neutral" rating to a "buy" rating and upped their price target for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Truist Financial upgraded Amcor from a "hold" rating to a "buy" rating and upped their price objective for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Macquarie upgraded Amcor from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 27th. Bank of America upgraded Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target on the stock in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Three research 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. According to data from MarketBeat.com, Amcor presently has an average rating of "Moderate Buy" and an average target price of $11.46.

Insider Buying and Selling at Amcor

In related news, Director Achal Agarwal purchased 10,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the acquisition, the director now owns 88,967 shares of the company's stock, valued at $898,566.70. The trade was a 12.66 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

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.