Arizona State Retirement System Sells 3,901 Shares of Amcor plc (NYSE:AMCR)

Arizona State Retirement System cut its stake in shares of Amcor plc (NYSE:AMCR) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 397,539 shares of the company’s stock after selling 3,901 shares during the quarter. Arizona State Retirement System’s holdings in Amcor were worth $3,832,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Amcor by 783.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,275,142 shares of the company’s stock worth $219,352,000 after acquiring an additional 17,093,248 shares during the period. State Street Corp lifted its position in shares of Amcor by 10.2% in the 1st quarter. State Street Corp now owns 112,644,781 shares of the company’s stock worth $1,276,265,000 after purchasing an additional 10,472,157 shares during the period. Invesco Ltd. boosted its stake in shares of Amcor by 40.9% in 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 last quarter. Federated Hermes Inc. increased its position in shares of Amcor by 951.8% during the first quarter. Federated Hermes Inc. now owns 8,641,388 shares of the company’s stock worth $97,907,000 after buying an additional 7,819,836 shares during the period. Finally, Norges Bank bought a new position in Amcor during the fourth quarter worth $58,210,000. Institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

AMCR stock opened at $9.15 on Tuesday. 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’s fifty day simple moving average is $9.25 and its 200 day simple moving average is $9.27. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.22. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 20.80, a PEG ratio of 10.12 and a beta of 0.78.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. On average, analysts expect that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) is 113.64%.

About Amcor

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.