Bleakley Financial Group LLC Increases Stock Holdings in Amcor plc (NYSE:AMCR)

Bleakley Financial Group LLC boosted its position in shares of Amcor plc (NYSE:AMCR) by 18.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 54,896 shares of the company’s stock after acquiring an additional 8,477 shares during the quarter. Bleakley Financial Group LLC’s holdings in Amcor were worth $529,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its stake in shares of Amcor by 1.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 48,176 shares of the company’s stock valued at $517,000 after buying an additional 857 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Amcor by 5.7% in the 2nd quarter. IHT Wealth Management LLC now owns 19,704 shares of the company’s stock valued at $197,000 after buying an additional 1,064 shares during the period. Captrust Financial Advisors boosted its stake in shares of Amcor by 4.5% in the 2nd quarter. Captrust Financial Advisors now owns 25,609 shares of the company’s stock valued at $256,000 after buying an additional 1,098 shares during the period. Utah Retirement Systems boosted its stake in shares of Amcor by 1.4% in the 4th quarter. Utah Retirement Systems now owns 80,500 shares of the company’s stock valued at $959,000 after buying an additional 1,100 shares during the period. Finally, Financial & Tax Architects LLC boosted its stake in shares of Amcor by 4.5% in the 3rd quarter. Financial & Tax Architects LLC now owns 27,018 shares of the company’s stock valued at $247,000 after buying an additional 1,163 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Performance

Shares of AMCR opened at $8.91 on Friday. The stock has a 50-day simple moving average of $9.22 and a 200-day simple moving average of $9.27. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. The stock has a market capitalization of $12.88 billion, a PE ratio of 20.25, a PEG ratio of 9.97 and a beta of 0.78. Amcor plc has a 1 year low of $8.45 and a 1 year high of $11.22.

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 the consensus estimate of $0.15 by $0.01. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. On average, analysts predict that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced 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 5.61%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) 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.