Amcor plc (NYSE:AMCR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in shares of Amcor plc (NYSE:AMCR - Free Report) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 709,593 shares of the company's stock after selling 119,332 shares during the period. Yousif Capital Management LLC's holdings in Amcor were worth $6,677,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted 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 valued at $27,000 after acquiring an additional 2,319 shares during the last quarter. Rise Advisors LLC purchased a new stake in Amcor during the third quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in Amcor during the third quarter valued at approximately $35,000. True Wealth Design LLC lifted its position in Amcor by 3,794.1% during the third quarter. True Wealth Design LLC now owns 3,310 shares of the company's stock valued at $38,000 after acquiring an additional 3,225 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Amcor by 296.3% during the third quarter. Signaturefd LLC now owns 4,336 shares of the company's stock valued at $49,000 after acquiring an additional 3,242 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of Amcor from $10.50 to $10.80 and gave the stock an "equal weight" rating in a report on Tuesday, October 15th. Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and raised their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Bank of America raised shares of Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target for the company in a report on Wednesday, December 11th. Macquarie raised shares of Amcor from a "neutral" rating to an "outperform" rating in a report on Wednesday, November 27th. Finally, Citigroup raised shares of Amcor from a "neutral" rating to a "buy" rating and raised their price target for the stock from $11.00 to $12.00 in a report on Monday, January 6th. Three 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. According to data from MarketBeat, Amcor has an average rating of "Moderate Buy" and a consensus price target of $11.46.

Amcor Stock Performance

Shares of Amcor stock traded up $0.04 during trading on Monday, hitting $10.06. 7,795,544 shares of the company's stock were exchanged, compared to its average volume of 19,166,537. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.26. The business has a 50-day simple moving average of $9.74 and a 200-day simple moving average of $10.44. Amcor plc has a 52-week low of $8.78 and a 52-week high of $11.48. The stock has a market capitalization of $14.53 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.92 and a beta of 0.84.

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

Amcor Announces Dividend

The company also recently declared 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 of this dividend is Wednesday, February 26th. This represents a $0.51 annualized dividend and a yield of 5.07%. Amcor's dividend payout ratio is presently 92.73%.

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.