Amcor plc (NYSE:AMCR) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lowered its holdings in shares of Amcor plc (NYSE:AMCRGet Rating) by 7.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 827,137 shares of the company’s stock after selling 62,700 shares during the quarter. Mn Services Vermogensbeheer B.V. owned approximately 0.06% of Amcor worth $8,875,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMCR. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Amcor by 25.0% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,543,260 shares of the company’s stock valued at $16,559,000 after purchasing an additional 308,844 shares in the last quarter. Alaska Permanent Fund Corp raised its position in shares of Amcor by 58.2% during the 3rd quarter. Alaska Permanent Fund Corp now owns 53,125 shares of the company’s stock worth $570,000 after purchasing an additional 19,553 shares during the last quarter. Coston McIsaac & Partners raised its position in shares of Amcor by 18.4% during the 3rd quarter. Coston McIsaac & Partners now owns 256,092 shares of the company’s stock worth $2,747,000 after purchasing an additional 39,764 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in Amcor by 12.8% in the 3rd quarter. Raymond James Trust N.A. now owns 42,767 shares of the company’s stock worth $459,000 after buying an additional 4,843 shares during the last quarter. Finally, Czech National Bank acquired a new stake in Amcor in the 3rd quarter worth about $1,874,000. 46.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Louis Fred Stephan sold 497,022 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $11.98, for a total transaction of $5,954,323.56. Following the completion of the sale, the insider now directly owns 112,464 shares in the company, valued at $1,347,318.72. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Amcor news, Director Nicholas T. Long sold 5,372 shares of Amcor stock in a transaction on Monday, December 12th. The stock was sold at an average price of $12.40, for a total value of $66,612.80. Following the sale, the director now owns 29,769 shares in the company, valued at $369,135.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Louis Fred Stephan sold 497,022 shares of the stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $11.98, for a total value of $5,954,323.56. Following the transaction, the insider now owns 112,464 shares of the company’s stock, valued at $1,347,318.72. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,080,955 shares of company stock valued at $13,145,237. 0.61% of the stock is currently owned by insiders.

Amcor Trading Down 0.6 %

AMCR opened at $12.13 on Monday. The firm has a market capitalization of $18.06 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 3.92 and a beta of 0.80. The company’s 50 day simple moving average is $12.03 and its two-hundred day simple moving average is $11.98. Amcor plc has a 1-year low of $10.42 and a 1-year high of $13.60. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.27 and a quick ratio of 0.71.

Amcor (NYSE:AMCRGet Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.58 billion. Amcor had a net margin of 5.63% and a return on equity of 28.47%. Analysts expect that Amcor plc will post 0.78 EPS for the current fiscal year.

Amcor Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 23rd were given a dividend of $0.1225 per share. This is a boost from Amcor’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, November 22nd. This represents a $0.49 annualized dividend and a dividend yield of 4.04%. Amcor’s payout ratio is presently 87.50%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMCR. TheStreet upgraded Amcor from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th. Bank of America upgraded Amcor from an “underperform” rating to a “buy” rating in a report on Thursday, October 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.15.

Amcor Profile

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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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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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