Worldquant Millennium Advisors LLC Has $7.07 Million Stock Holdings in Amcor plc (NYSE:AMCR)

Worldquant Millennium Advisors LLC reduced its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 623,771 shares of the company's stock after selling 75,307 shares during the period. Worldquant Millennium Advisors LLC's holdings in Amcor were worth $7,067,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Quantinno Capital Management LP grew its position in Amcor by 9.2% in the third quarter. Quantinno Capital Management LP now owns 444,920 shares of the company's stock valued at $5,041,000 after acquiring an additional 37,340 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Amcor by 7.1% in the 3rd quarter. IHT Wealth Management LLC now owns 27,597 shares of the company's stock worth $313,000 after purchasing an additional 1,831 shares during the last quarter. Hilltop Holdings Inc. increased its position in shares of Amcor by 105.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 41,088 shares of the company's stock worth $466,000 after purchasing an additional 21,117 shares in the last quarter. Centiva Capital LP bought a new position in Amcor during the 3rd quarter valued at about $1,083,000. Finally, Benjamin Edwards Inc. acquired a new position in Amcor in the third quarter valued at about $508,000. Institutional investors own 45.14% of the company's stock.

Amcor Trading Down 0.6 %

Shares of NYSE AMCR traded down $0.06 during midday trading on Friday, hitting $10.18. The stock had a trading volume of 10,982,843 shares, compared to its average volume of 16,202,786. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.29 and a quick ratio of 0.74. Amcor plc has a fifty-two week low of $8.78 and a fifty-two week high of $11.48. The firm has a market cap of $14.71 billion, a P/E ratio of 19.21, a price-to-earnings-growth ratio of 1.89 and a beta of 0.82. The company's 50-day simple moving average is $10.72 and its 200 day simple moving average is $10.52.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.16 EPS for the quarter, hitting analysts' consensus estimates of $0.16. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $1.33 billion. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The company's revenue was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.16 earnings per share. Research analysts anticipate that Amcor plc will post 0.74 EPS for the current year.

Amcor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be paid a $0.1275 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.01%. This is an increase from Amcor's previous quarterly dividend of $0.13. Amcor's dividend payout ratio is 96.23%.

Analysts Set New Price Targets

AMCR has been the subject of a number of research analyst reports. Citigroup lifted their target price on shares of Amcor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on Amcor from $10.00 to $11.10 and gave the company an "overweight" rating in a research report on Tuesday, August 13th. Wells Fargo & Company increased their target price on Amcor from $10.50 to $10.80 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Robert W. Baird lifted their price target on Amcor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Finally, Macquarie raised shares of Amcor from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $10.94.

Amcor 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.