Amcor plc (NYSE:AMCR) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its holdings in Amcor plc (NYSE:AMCR) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,909 shares of the company’s stock after purchasing an additional 9,710 shares during the period. Asset Management One Co. Ltd.’s holdings in Amcor were worth $5,485,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AMCR. Raymond James & Associates grew its stake in shares of Amcor by 13.9% in the 1st quarter. Raymond James & Associates now owns 222,899 shares of the company’s stock worth $2,525,000 after purchasing an additional 27,213 shares during the last quarter. Private Advisor Group LLC increased its position in shares of 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. increased its position in shares of 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 increased its position in shares of 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. increased its position in shares of 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 and hedge funds own 45.14% of the company’s stock.

Amcor Stock Performance

Amcor stock opened at $9.11 on Thursday. The firm’s 50 day simple moving average is $9.24 and its 200-day simple moving average is $9.27. The company has a market cap of $13.17 billion, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 10.06 and a beta of 0.78. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.22.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share 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 the consensus estimate of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. As a group, equities research analysts predict that Amcor plc will post 0.68 EPS for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s payout ratio is presently 113.64%.

Amcor 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.