Chevy Chase Trust Holdings LLC Sells 19,724 Shares of Amcor plc (NYSE:AMCR)

Chevy Chase Trust Holdings LLC decreased its holdings in shares of Amcor plc (NYSE:AMCR) by 2.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,381 shares of the company’s stock after selling 19,724 shares during the period. Chevy Chase Trust Holdings LLC owned 0.06% of Amcor worth $7,783,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AMCR. Raymond James & Associates boosted its position in shares of Amcor by 13.9% during the 1st quarter. Raymond James & Associates now owns 222,899 shares of the company’s stock valued at $2,525,000 after purchasing an additional 27,213 shares in the last quarter. Private Advisor Group LLC boosted its holdings in Amcor by 33.0% in the first quarter. Private Advisor Group LLC now owns 26,878 shares of the company’s stock worth $304,000 after acquiring an additional 6,664 shares in the last quarter. Natixis Advisors L.P. boosted its holdings in Amcor by 23.3% in the first quarter. Natixis Advisors L.P. now owns 121,261 shares of the company’s stock worth $1,374,000 after acquiring an additional 22,888 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Amcor by 5.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 202,541 shares of the company’s stock worth $2,295,000 after acquiring an additional 10,101 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Amcor by 58.5% in the first quarter. Vontobel Holding Ltd. now owns 45,244 shares of the company’s stock worth $522,000 after acquiring an additional 16,707 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 0.7 %

Shares of NYSE:AMCR opened at $9.15 on Tuesday. The business’s 50 day simple moving average is $9.25 and its two-hundred day simple moving average is $9.27. The firm has a market cap of $13.22 billion, a P/E ratio of 20.80, a PEG ratio of 10.12 and a beta of 0.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. Amcor plc has a 52-week low of $8.45 and a 52-week high of $11.22.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. As a group, research analysts forecast that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 annualized dividend and a yield of 5.46%. Amcor’s payout ratio is currently 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.