Schroder Investment Management Group reduced its stake in shares of Amcor plc (NYSE:AMCR - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,232 shares of the company's stock after selling 3,284,293 shares during the quarter. Schroder Investment Management Group's holdings in Amcor were worth $1,338,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased 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 valued at $35,000 after buying an additional 2,660 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Amcor during the 4th quarter valued at approximately $44,000. SBI Securities Co. Ltd. purchased a new position in shares of Amcor during the 4th quarter worth approximately $60,000. Steward Partners Investment Advisory LLC raised its position in shares of Amcor by 11,326.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company's stock worth $69,000 after acquiring an additional 7,249 shares in the last quarter. Finally, Graypoint LLC bought a new position in shares of Amcor in the 4th quarter worth approximately $97,000. 45.14% of the stock is currently owned by institutional investors.
Amcor Stock Up 3.5 %
NYSE:AMCR traded up $0.32 on Friday, reaching $9.34. 70,004,898 shares of the stock traded hands, compared to its average volume of 14,622,140. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $13.49 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.96 and a beta of 0.78. Amcor plc has a 12 month low of $8.37 and a 12 month high of $11.48. The company's fifty day simple moving average is $9.79 and its 200 day simple moving average is $10.09.
Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The firm's quarterly revenue was down .3% compared to the same quarter last year. Equities analysts predict that Amcor plc will post 0.74 EPS for the current fiscal year.
Amcor Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders 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 dividend yield of 5.46%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor's payout ratio is currently 92.73%.
Insider Activity at Amcor
In related news, Director Achal Agarwal acquired 10,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now directly owns 88,967 shares in the company, valued at approximately $898,566.70. This trade represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.
Analyst Ratings Changes
Several brokerages recently weighed in on AMCR. Citigroup raised Amcor from a "neutral" rating to a "buy" rating and upped their price target for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. Jefferies Financial Group raised shares of Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Finally, Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and lifted their price target for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.46.
Read Our Latest Report on Amcor
Amcor Company Profile
(
Free Report)
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.
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