New York State Teachers Retirement System Has $13.09 Million Stock Position in Amcor plc (NYSE:AMCR)

New York State Teachers Retirement System reduced its stake in shares of Amcor plc (NYSE:AMCR) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,357,760 shares of the company’s stock after selling 6,688 shares during the period. New York State Teachers Retirement System’s holdings in Amcor were worth $13,089,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in 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 valued at $219,352,000 after buying an additional 17,093,248 shares in the last quarter. State Street Corp boosted its stake in Amcor by 10.2% in the first quarter. State Street Corp now owns 112,644,781 shares of the company’s stock valued at $1,276,265,000 after buying an additional 10,472,157 shares in the last quarter. Invesco Ltd. boosted its stake in Amcor by 40.9% in the first quarter. Invesco Ltd. now owns 27,078,220 shares of the company’s stock valued at $306,797,000 after buying an additional 7,854,257 shares in the last quarter. Federated Hermes Inc. boosted its stake in Amcor by 951.8% in the first quarter. Federated Hermes Inc. now owns 8,641,388 shares of the company’s stock valued at $97,907,000 after buying an additional 7,819,836 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amcor in the fourth quarter valued at about $58,210,000. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Stock Performance

NYSE:AMCR opened at $9.37 on Wednesday. The stock’s 50-day simple moving average is $9.25 and its 200 day simple moving average is $9.28. The firm has a market capitalization of $13.54 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 10.12 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. Amcor plc has a twelve month low of $8.45 and a twelve month high of $11.22.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. Amcor had a return on equity of 24.28% and a net margin of 4.59%. The business had revenue of $3.25 billion for the quarter, compared to analyst estimates of $3.29 billion. On average, analysts anticipate 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. Stockholders 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 dividend yield of 5.34%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s payout ratio is 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.