Savant Capital LLC Has $191,000 Stock Position in Amcor plc (NYSE:AMCR)

Savant Capital LLC trimmed its holdings in Amcor plc (NYSE:AMCR - Free Report) by 85.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,274 shares of the company's stock after selling 122,879 shares during the period. Savant Capital LLC's holdings in Amcor were worth $191,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Larson Financial Group LLC boosted its position in Amcor by 3,410.3% during the third quarter. Larson Financial Group LLC now owns 2,387 shares of the company's stock worth $27,000 after purchasing an additional 2,319 shares during the period. True Wealth Design LLC boosted its holdings in shares of Amcor by 3,794.1% during the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company's stock worth $38,000 after buying an additional 3,225 shares during the period. Signaturefd LLC grew its stake in Amcor by 296.3% in the 3rd quarter. Signaturefd LLC now owns 4,336 shares of the company's stock valued at $49,000 after buying an additional 3,242 shares during the last quarter. Covestor Ltd raised its holdings in Amcor by 441.0% in the 3rd quarter. Covestor Ltd now owns 7,963 shares of the company's stock worth $90,000 after acquiring an additional 6,491 shares during the period. Finally, Capital Performance Advisors LLP acquired a new position in Amcor during the 3rd quarter worth $97,000. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Stock Performance

Shares of AMCR traded down $0.16 on Friday, reaching $10.24. 21,710,048 shares of the stock traded hands, compared to its average volume of 19,674,560. The stock's 50-day moving average price is $9.72 and its 200-day moving average price is $10.42. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.99 and a beta of 0.84. Amcor plc has a 12 month low of $8.80 and a 12 month high of $11.48. 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 (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.33 billion. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The company'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 earnings per share. Equities analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th will be given a dividend of $0.1275 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.51 annualized dividend and a dividend yield of 4.98%. Amcor's dividend payout ratio (DPR) is presently 92.73%.

Wall Street Analysts Forecast Growth

AMCR has been the topic of several research analyst reports. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Citigroup raised Amcor from a "neutral" rating to a "buy" rating and raised their target price for the company from $11.00 to $12.00 in a report on Monday, January 6th. Bank of America raised Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target on the stock in a research report on Wednesday, December 11th. UBS Group upgraded shares of Amcor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Finally, Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and boosted their target price for the stock from $10.00 to $12.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $11.46.

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.