24,032 Shares in Amcor plc (NYSE:AMCR) Purchased by Arkadios Wealth Advisors

Arkadios Wealth Advisors acquired a new position in Amcor plc (NYSE:AMCR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 24,032 shares of the company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State Street Corp lifted its holdings in Amcor by 10.2% in the 1st quarter. State Street Corp now owns 112,644,781 shares of the company’s stock valued at $1,276,265,000 after acquiring an additional 10,472,157 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Amcor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 56,742,108 shares of the company’s stock valued at $642,887,000 after acquiring an additional 358,145 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Amcor by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 30,845,588 shares of the company’s stock valued at $350,227,000 after acquiring an additional 585,881 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Amcor by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock valued at $280,491,000 after acquiring an additional 594,034 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in 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 acquiring an additional 7,854,257 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Price Performance

Shares of NYSE AMCR opened at $9.37 on Wednesday. Amcor plc has a twelve month low of $8.45 and a twelve month high of $11.22. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 10.12 and a beta of 0.78. The firm has a 50-day moving average of $9.25 and a two-hundred day moving average of $9.28.

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

Amcor Announces Dividend

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 dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio is presently 113.64%.

Amcor Company Profile

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.