Asset Management One Co. Ltd. trimmed its position in shares of Amcor plc (NYSE:AMCR – Get Rating) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 584,145 shares of the company’s stock after selling 26,173 shares during the period. Asset Management One Co. Ltd.’s holdings in Amcor were worth $7,019,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Amcor by 1.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 48,176 shares of the company’s stock valued at $517,000 after purchasing an additional 857 shares during the period. Lumature Wealth Partners LLC grew its stake in shares of Amcor by 4.2% in the third quarter. Lumature Wealth Partners LLC now owns 21,955 shares of the company’s stock worth $236,000 after acquiring an additional 892 shares in the last quarter. Apeiron RIA LLC increased its position in shares of Amcor by 2.9% during the fourth quarter. Apeiron RIA LLC now owns 32,173 shares of the company’s stock worth $383,000 after acquiring an additional 897 shares during the period. IFP Advisors Inc raised its stake in shares of Amcor by 16.0% in the third quarter. IFP Advisors Inc now owns 6,593 shares of the company’s stock valued at $94,000 after acquiring an additional 908 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in Amcor by 29.5% in the third quarter. Spire Wealth Management now owns 4,007 shares of the company’s stock valued at $43,000 after purchasing an additional 913 shares during the period. 46.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on AMCR shares. Morgan Stanley lowered Amcor from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, February 8th. JPMorgan Chase & Co. cut shares of Amcor from an “overweight” rating to a “neutral” rating and set a $11.70 target price on the stock. in a report on Tuesday, January 24th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $11.70.
Amcor Stock Up 0.5 %
Amcor (NYSE:AMCR – Get Rating) last posted its earnings results on Tuesday, February 7th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.64 billion. Amcor had a return on equity of 28.65% and a net margin of 7.14%. On average, analysts forecast that Amcor plc will post 0.77 earnings per share for the current fiscal year.
Amcor Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 21st. Investors of record on Wednesday, March 1st were given a $0.1225 dividend. This represents a $0.49 dividend on an annualized basis and a dividend yield of 4.47%. The ex-dividend date was Tuesday, February 28th. Amcor’s dividend payout ratio (DPR) is 68.06%.
About Amcor
Amcor Plc operates as a holding company, which engages in the consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products.
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