Kingswood Wealth Advisors LLC Invests $343,000 in Amcor plc (NYSE:AMCR)

Kingswood Wealth Advisors LLC acquired a new position in Amcor plc (NYSE:AMCRFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 35,630 shares of the company’s stock, valued at approximately $343,000.

Several other institutional investors have also recently made changes to their positions in AMCR. Price T Rowe Associates Inc. MD raised its stake in Amcor by 783.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,275,142 shares of the company’s stock valued at $219,352,000 after purchasing an additional 17,093,248 shares during the period. State Street Corp raised its stake in Amcor by 10.2% during the 1st quarter. State Street Corp now owns 112,644,781 shares of the company’s stock valued at $1,276,265,000 after purchasing an additional 10,472,157 shares during the period. Invesco Ltd. raised its stake in Amcor by 40.9% during the 1st quarter. Invesco Ltd. now owns 27,078,220 shares of the company’s stock valued at $306,797,000 after purchasing an additional 7,854,257 shares during the period. Federated Hermes Inc. raised its stake in Amcor by 951.8% during the 1st quarter. Federated Hermes Inc. now owns 8,641,388 shares of the company’s stock valued at $97,907,000 after purchasing an additional 7,819,836 shares during the period. Finally, Norges Bank bought a new stake in Amcor during the 4th quarter valued at approximately $58,210,000. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Up 0.3 %

Shares of AMCR opened at $9.51 on Friday. The business’s 50 day moving average is $9.28 and its 200 day moving average is $9.27. The company has a market capitalization of $13.74 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 10.10 and a beta of 0.78. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.39. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCRGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. Research analysts expect that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date was Tuesday, February 27th. Amcor’s payout ratio is 113.64%.

Amcor Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding AMCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amcor plc (NYSE:AMCRFree Report).

Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

Receive News & Ratings for Amcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amcor and related companies with MarketBeat.com's FREE daily email newsletter.