State of New Jersey Common Pension Fund D Sells 31,562 Shares of Amcor plc (NYSE:AMCR)

State of New Jersey Common Pension Fund D lessened its stake in shares of Amcor plc (NYSE:AMCR) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 708,194 shares of the company’s stock after selling 31,562 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Amcor were worth $6,827,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AMCR. Signaturefd LLC lifted its position in shares of Amcor by 1,619.5% during the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after purchasing an additional 3,077 shares during the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Amcor in the 3rd quarter valued at approximately $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in Amcor in the 4th quarter valued at approximately $40,000. Loomis Sayles & Co. L P raised its holdings in Amcor by 48.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock valued at $41,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new position in Amcor in the 3rd quarter valued at approximately $46,000. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Amcor stock traded up $0.02 during trading hours on Friday, hitting $8.97. The stock had a trading volume of 5,732,954 shares, compared to its average volume of 8,457,227. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.09. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. The company has a 50-day moving average of $9.19 and a two-hundred day moving average of $9.27. The company has a market cap of $12.96 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 9.96 and a beta of 0.78.

Amcor (NYSE:AMCR) last issued its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Amcor had a return on equity of 24.28% and a net margin of 4.59%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. On average, equities research analysts anticipate that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.58%. Amcor’s dividend payout ratio (DPR) is presently 113.64%.

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.