Amcor plc (NYSE:AMCR) Shares Sold by SIH Partners LLLP

SIH Partners LLLP lessened its stake in Amcor plc (NYSE:AMCR - Free Report) by 95.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,955 shares of the company's stock after selling 559,188 shares during the period. SIH Partners LLLP's holdings in Amcor were worth $254,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMCR. CWA Asset Management Group LLC lifted its holdings in shares of Amcor by 3.9% in the 4th quarter. CWA Asset Management Group LLC now owns 32,343 shares of the company's stock valued at $304,000 after purchasing an additional 1,213 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in Amcor by 11.3% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 13,892 shares of the company's stock worth $131,000 after buying an additional 1,409 shares during the last quarter. New York Life Investment Management LLC increased its position in Amcor by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 195,714 shares of the company's stock worth $1,842,000 after buying an additional 1,507 shares during the period. Huntington National Bank lifted its stake in Amcor by 52.4% in the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock valued at $42,000 after buying an additional 1,522 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Amcor by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 442,152 shares of the company's stock valued at $4,161,000 after acquiring an additional 1,761 shares during the period. Hedge funds and other institutional investors own 45.14% of the company's stock.

Amcor Price Performance

Shares of NYSE:AMCR traded down $0.12 during midday trading on Friday, hitting $9.54. 25,821,230 shares of the stock were exchanged, compared to its average volume of 15,578,085. Amcor plc has a twelve month low of $8.37 and a twelve month high of $11.48. 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 50 day moving average price of $9.68 and a 200-day moving average price of $9.99. The stock has a market cap of $13.79 billion, a P/E ratio of 17.35, a PEG ratio of 1.96 and a beta of 0.78.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company's quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.09 EPS. On average, research analysts forecast that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were paid a $0.1275 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.35%. Amcor's dividend payout ratio (DPR) is currently 92.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AMCR. Jefferies Financial Group raised shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Raymond James assumed coverage on shares of Amcor in a report on Tuesday. They issued a "market perform" rating for the company. Truist Financial decreased their price objective on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Citigroup raised Amcor from a "neutral" rating to a "buy" rating and boosted their target price for the company from $11.00 to $12.00 in a report on Monday, January 6th. Four equities research 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 stock. According to MarketBeat, Amcor currently has an average rating of "Moderate Buy" and a consensus price target of $11.31.

Insider Activity at Amcor

In other news, Director Achal Agarwal bought 10,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was acquired at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the purchase, the director now owns 88,967 shares of the company's stock, valued at $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 can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

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.