Amcor plc (NYSE:AMCR) Holdings Increased by Isthmus Partners LLC

Isthmus Partners LLC lifted its stake in shares of Amcor plc (NYSE:AMCR - Free Report) by 38.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,003,404 shares of the company's stock after acquiring an additional 558,870 shares during the period. Amcor makes up 2.3% of Isthmus Partners LLC's investment portfolio, making the stock its 3rd biggest position. Isthmus Partners LLC owned about 0.14% of Amcor worth $18,852,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Amcor by 6.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,052,929 shares of the company's stock worth $433,358,000 after acquiring an additional 2,862,471 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Amcor by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 36,317,037 shares of the company's stock valued at $410,144,000 after purchasing an additional 697,320 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position 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 worth $74,931,000 after purchasing an additional 4,851,222 shares during the period. Vest Financial LLC lifted its stake in Amcor by 7.3% in the fourth quarter. Vest Financial LLC now owns 5,127,348 shares of the company's stock worth $48,248,000 after purchasing an additional 348,026 shares during the last quarter. Finally, Barclays PLC boosted its position in Amcor by 31.8% during the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock valued at $51,484,000 after buying an additional 1,096,664 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Amcor

In related news, Director Achal Agarwal acquired 10,000 shares of Amcor stock in a transaction that occurred on 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 transaction, the director now directly owns 88,967 shares in the company, valued at approximately $898,566.70. This represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Amcor Trading Down 3.3 %

AMCR stock traded down $0.33 during trading on Thursday, reaching $9.61. The company had a trading volume of 22,734,178 shares, compared to its average volume of 21,495,270. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. Amcor plc has a 52 week low of $8.80 and a 52 week high of $11.48. The business has a 50 day moving average of $9.89 and a 200 day moving average of $10.37. The company has a market cap of $13.88 billion, a P/E ratio of 17.46, a PEG ratio of 1.96 and a beta of 0.80.

Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business's revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. As a group, sell-side analysts forecast that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Wednesday, February 26th. Amcor's dividend payout ratio (DPR) is presently 92.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Bank of America raised Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price objective for the company in a research note on Wednesday, December 11th. Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and lifted their target price for the stock from $10.00 to $12.00 in a research note on Monday, January 6th. UBS Group raised shares of Amcor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, Macquarie upgraded shares of Amcor from a "neutral" rating to an "outperform" rating in a research report on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $11.46.

Amcor 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.