OLD Mission Capital LLC Acquires 797,367 Shares of Amcor plc (NYSE:AMCR)

OLD Mission Capital LLC grew its position in shares of Amcor plc (NYSE:AMCR - Free Report) by 1,011.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 876,214 shares of the company's stock after purchasing an additional 797,367 shares during the quarter. OLD Mission Capital LLC owned approximately 0.06% of Amcor worth $8,245,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Amcor by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after purchasing an additional 1,249,868 shares during the last quarter. Barclays PLC increased its holdings in shares of Amcor by 31.8% in the third 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 period. Franklin Resources Inc. lifted its stake 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 during the last quarter. Cerity Partners LLC boosted its holdings in Amcor by 78.7% during the 3rd quarter. Cerity Partners LLC now owns 217,498 shares of the company's stock valued at $2,464,000 after acquiring an additional 95,805 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Amcor during the 3rd quarter worth approximately $5,919,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Down 3.7 %

AMCR traded down $0.36 during midday trading on Friday, reaching $9.22. The company's stock had a trading volume of 48,492,246 shares, compared to its average volume of 13,630,714. Amcor plc has a 1 year low of $8.80 and a 1 year high of $11.48. The stock's 50-day moving average is $9.91 and its 200-day moving average is $10.19. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.96 and a beta of 0.78. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80.

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Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The company 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 firm's quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 EPS. As a group, research analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company 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. This represents a $0.51 annualized dividend and a yield of 5.53%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor's dividend payout ratio (DPR) is 92.73%.

Insider Buying and Selling at Amcor

In other news, Director Achal Agarwal purchased 10,000 shares of the business's stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the acquisition, the director now directly owns 88,967 shares in the company, valued at $898,566.70. This represents a 12.66 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AMCR shares. 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 raised their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Citigroup upgraded shares of Amcor from a "neutral" rating to a "buy" rating and increased their target price for the stock from $11.00 to $12.00 in a report on Monday, January 6th. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Finally, UBS Group upgraded Amcor from a "hold" rating to a "strong-buy" rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.46.

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.