287,041 Shares in Amcor plc (NYSE:AMCR) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Amcor plc (NYSE:AMCR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 287,041 shares of the company's stock, valued at approximately $2,701,000.

A number of other institutional investors also recently modified their holdings of AMCR. Vanguard Group Inc. grew its position in Amcor by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock valued at $555,064,000 after purchasing an additional 1,249,868 shares in the last quarter. Barclays PLC boosted its stake in shares of Amcor by 31.8% during 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. grew 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 acquiring an additional 203,166 shares in the last quarter. Van ECK Associates Corp acquired a new stake in shares of Amcor in the fourth quarter valued at about $2,605,000. Finally, Tidal Investments LLC raised its holdings in Amcor by 292.5% during the third quarter. Tidal Investments LLC now owns 81,439 shares of the company's stock worth $923,000 after acquiring an additional 60,691 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Insider Transactions at Amcor

In other Amcor news, Director Achal Agarwal bought 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares in the company, valued at $898,566.70. The trade was a 12.66 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AMCR. Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and raised their target price for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group raised 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $11.46.

Amcor Stock Performance

Amcor stock traded up $0.13 during mid-day trading on Friday, hitting $9.38. 30,534,094 shares of the company's stock traded hands, compared to its average volume of 15,129,460. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. The firm has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $10.02. Amcor plc has a fifty-two week low of $8.37 and a fifty-two week high of $11.48. The stock has a market cap of $13.55 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.96 and a beta of 0.78.

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

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 5.44%. The ex-dividend date was Wednesday, February 26th. Amcor's payout ratio is 92.73%.

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.