Amcor plc (NYSE:AMCR) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc decreased its holdings in shares of Amcor plc (NYSE:AMCR) by 3.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 642,289 shares of the company’s stock after selling 26,160 shares during the period. Ensign Peak Advisors Inc’s holdings in Amcor were worth $6,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of Amcor by 2,064.5% in the 4th quarter. Quarry LP now owns 3,723 shares of the company’s stock worth $35,000 after acquiring an additional 3,551 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Amcor by 247.4% in the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after acquiring an additional 2,660 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Amcor in the 4th quarter worth approximately $44,000. Huntington National Bank grew its holdings in shares of Amcor by 52.4% in the 4th quarter. Huntington National Bank now owns 4,426 shares of the company’s stock worth $42,000 after acquiring an additional 1,522 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Amcor in the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

Shares of NYSE:AMCR opened at $9.18 on Wednesday. Amcor plc has a one year low of $8.37 and a one year high of $11.48. The stock has a market cap of $13.27 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. The business’s fifty day moving average price is $9.45 and its two-hundred day moving average price is $9.81. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company had revenue of $3.33 billion for the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the prior year, the company posted $0.13 EPS. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be paid a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Thursday, May 22nd. Amcor’s dividend payout ratio is presently 91.07%.

Analyst Ratings Changes

AMCR has been the topic of a number of research reports. Jefferies Financial Group upgraded Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Truist Financial lowered their price target on Amcor from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James assumed coverage on Amcor in a report on Tuesday, April 22nd. They issued a “market perform” rating on the stock. Four investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $11.31.

Insider Buying and Selling

In other news, Director Achal Agarwal bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $10.10 per share, with a total value of $101,000.00. Following the transaction, the director now owns 88,967 shares of the company’s stock, valued at $898,566.70. This represents a 12.66% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.