Amcor plc (NYSE:AMCR) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 18.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 519,774 shares of the company's stock after selling 114,857 shares during the period. Natixis Advisors LLC's holdings in Amcor were worth $4,891,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of AMCR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Amcor by 275.3% during the third 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 buying an additional 4,851,222 shares during the period. Charles Schwab Investment Management Inc. lifted its position 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 worth $433,358,000 after acquiring an additional 2,862,471 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Amcor by 39,411.0% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,811,600 shares of the company's stock valued at $31,855,000 after purchasing an additional 2,804,484 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Amcor in the fourth quarter valued at approximately $23,810,000. Finally, Barclays PLC raised its stake in shares of Amcor by 31.8% during the third quarter. Barclays PLC now owns 4,544,118 shares of the company's stock worth $51,484,000 after purchasing an additional 1,096,664 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

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Amcor Price Performance

AMCR stock traded up $0.17 during midday trading on Wednesday, hitting $9.61. 27,841,751 shares of the stock were exchanged, compared to its average volume of 12,430,386. 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 stock has a market cap of $13.88 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.96 and a beta of 0.80. Amcor plc has a fifty-two week low of $8.80 and a fifty-two week high of $11.48. The stock's 50-day moving average price is $9.93 and its 200-day moving average price is $10.26.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the firm earned $0.09 EPS. The business's revenue for the quarter was down .3% compared to the same quarter last year. Research analysts predict that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th were given a dividend of $0.1275 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.51 annualized dividend and a dividend yield of 5.31%. Amcor's dividend payout ratio is currently 92.73%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AMCR. UBS Group upgraded shares of Amcor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Truist Financial upgraded shares of Amcor from a "hold" rating to a "buy" rating and boosted their price target for the stock from $10.00 to $12.00 in a research note on Monday, January 6th. Macquarie upgraded shares of Amcor from a "neutral" rating to an "outperform" rating in a research report on Wednesday, November 27th. 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 report on Monday, January 6th. Finally, 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 research note on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $11.46.

Insider Activity at Amcor

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

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.