26,342 Shares in Amcor plc (NYSE:AMCR) Purchased by Capital Fund Management S.A.

Capital Fund Management S.A. bought a new stake in Amcor plc (NYSE:AMCR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,342 shares of the company’s stock, valued at approximately $248,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its stake in Amcor by 25.1% in the fourth quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company’s stock valued at $263,215,000 after purchasing an additional 5,614,233 shares during the last quarter. Invesco Ltd. raised its stake in shares of Amcor by 16.0% in the fourth quarter. Invesco Ltd. now owns 30,425,121 shares of the company’s stock valued at $286,300,000 after buying an additional 4,199,209 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Amcor by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,052,929 shares of the company’s stock valued at $433,358,000 after buying an additional 2,862,471 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Amcor during the 4th quarter worth $23,810,000. Finally, Vanguard Group Inc. increased its holdings in Amcor by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company’s stock worth $555,064,000 after acquiring an additional 1,249,868 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Truist Financial upgraded shares of Amcor from a “hold” rating to a “buy” rating and increased their target price for the stock from $10.00 to $12.00 in a research report on Monday, January 6th. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Citigroup raised shares of 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. 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’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor Stock Down 1.0 %

AMCR opened at $9.27 on Thursday. The firm has a market capitalization of $13.40 billion, a P/E ratio of 16.85, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. Amcor plc has a one year low of $8.37 and a one year high of $11.48. The company has a fifty day moving average price of $9.75 and a 200-day moving average price of $10.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate 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 analysts’ expectations of $3.33 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Equities research analysts expect that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date was Wednesday, February 26th. Amcor’s dividend payout ratio is currently 92.73%.

Insider Buying and Selling at Amcor

In other news, Director Achal Agarwal purchased 10,000 shares of the stock in a transaction on Thursday, February 27th. The shares were acquired 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 of the company’s stock, valued at approximately $898,566.70. This trade represents a 12.66 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by company insiders.

About Amcor

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.