Mirae Asset Global Investments Co. Ltd. Sells 48,423 Shares of Amcor plc (NYSE:AMCR)

Mirae Asset Global Investments Co. Ltd. reduced its holdings in Amcor plc (NYSE:AMCR) by 8.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 519,270 shares of the company’s stock after selling 48,423 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Amcor were worth $5,006,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AMCR. Vanguard Group Inc. boosted its stake in Amcor by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock valued at $517,349,000 after buying an additional 325,747 shares in the last quarter. Barclays PLC boosted its stake in Amcor by 25.8% in the third quarter. Barclays PLC now owns 4,055,670 shares of the company’s stock worth $37,152,000 after purchasing an additional 830,959 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amcor by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock worth $280,491,000 after purchasing an additional 594,034 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Amcor by 4.6% in the third quarter. Envestnet Asset Management Inc. now owns 3,982,171 shares of the company’s stock worth $36,477,000 after purchasing an additional 174,465 shares in the last quarter. Finally, Vest Financial LLC boosted its stake in Amcor by 38.2% in the fourth quarter. Vest Financial LLC now owns 3,110,645 shares of the company’s stock worth $29,987,000 after purchasing an additional 859,002 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Price Performance

Amcor stock opened at $8.94 on Tuesday. 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 firm has a market cap of $12.92 billion, a P/E ratio of 20.32, a P/E/G ratio of 9.79 and a beta of 0.78. The business’s fifty day moving average is $9.22 and its two-hundred day moving average is $9.27. Amcor plc has a 52 week low of $8.45 and a 52 week high of $11.18.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company 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%. Equities research analysts forecast that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 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.