Amcor plc (NYSE:AMCR) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its position in Amcor plc (NYSE:AMCR - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 758,670 shares of the company's stock after selling 32,549 shares during the quarter. Guggenheim Capital LLC owned approximately 0.05% of Amcor worth $7,139,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its position in shares of Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after buying an additional 2,660 shares in the last quarter. Huntington National Bank grew its position in shares of Amcor by 52.4% during the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after buying an additional 1,522 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Amcor during the fourth quarter worth about $44,000. SBI Securities Co. Ltd. acquired a new position in shares of Amcor during the fourth quarter worth about $60,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of Amcor by 11,326.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company's stock worth $69,000 after buying an additional 7,249 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Insider Buying and Selling

In other Amcor news, Director Achal Agarwal acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased 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 directly owns 88,967 shares of the company's stock, valued at approximately $898,566.70. The trade was a 12.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on AMCR shares. Raymond James started coverage on Amcor in a research report on Tuesday. They set a "market perform" rating for the company. Truist Financial decreased their target price on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.31.

Amcor Stock Performance

NYSE AMCR traded down $0.04 on Wednesday, reaching $9.52. The stock had a trading volume of 11,898,353 shares, compared to its average volume of 26,358,205. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. Amcor plc has a 12-month low of $8.37 and a 12-month high of $11.48. The business's 50-day moving average price is $9.70 and its 200 day moving average price is $10.00. The stock has a market cap of $13.76 billion, a P/E ratio of 17.31, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting 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 return on equity of 26.14% and a net margin of 5.89%. The firm's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, equities analysts expect that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th were issued a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.36%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor's dividend payout ratio is presently 92.73%.

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.