XY Capital Ltd Purchases New Stake in Amcor plc (NYSE:AMCR)

XY Capital Ltd bought a new stake in shares of Amcor plc (NYSE:AMCR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 452,989 shares of the company's stock, valued at approximately $4,263,000. Amcor comprises 2.1% of XY Capital Ltd's holdings, making the stock its 7th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake 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 last quarter. Rise Advisors LLC acquired a new position in shares of Amcor during the third quarter valued at $35,000. ORG Wealth Partners LLC acquired a new position in shares of Amcor during the third quarter valued at $35,000. True Wealth Design LLC grew its holdings in Amcor by 3,794.1% during the third quarter. True Wealth Design LLC now owns 3,310 shares of the company's stock worth $38,000 after acquiring an additional 3,225 shares during the period. Finally, Signaturefd LLC grew its holdings in Amcor by 296.3% during the third quarter. Signaturefd LLC now owns 4,336 shares of the company's stock worth $49,000 after acquiring an additional 3,242 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Performance

Amcor stock traded up $0.11 during trading hours on Thursday, reaching $10.10. 15,675,937 shares of the company were exchanged, compared to its average volume of 18,855,148. Amcor plc has a 12 month low of $8.80 and a 12 month high of $11.48. The firm has a market cap of $14.59 billion, a price-to-earnings ratio of 18.35, a PEG ratio of 1.92 and a beta of 0.84. The stock has a 50-day moving average of $9.71 and a 200 day moving average of $10.43. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the company posted $0.09 earnings per share. Amcor's revenue was down .3% on a year-over-year basis. As a group, research analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Wednesday, February 26th. Amcor's payout ratio is presently 92.73%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMCR. Jefferies Financial Group raised Amcor from a "hold" rating to a "buy" rating in a research note on Monday, February 3rd. Truist Financial raised Amcor from a "hold" rating to a "buy" rating and lifted their target price for the company from $10.00 to $12.00 in a research note on Monday, January 6th. UBS Group raised Amcor from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, December 11th. Citigroup raised Amcor from a "neutral" rating to a "buy" rating and lifted their target price for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Finally, Bank of America raised Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target for the company in a research note on Wednesday, December 11th. Three 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 company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.