International Assets Investment Management LLC Makes New Investment in Amcor plc (NYSE:AMCR)

International Assets Investment Management LLC bought a new position in Amcor plc (NYSE:AMCR) during the fourth quarter, Holdings Channel.com reports. The fund bought 33,859 shares of the company’s stock, valued at approximately $3,512,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp grew its stake in Amcor by 10.2% in the 1st quarter. State Street Corp now owns 112,644,781 shares of the company’s stock worth $1,276,265,000 after acquiring an additional 10,472,157 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Amcor by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 56,742,108 shares of the company’s stock worth $642,887,000 after purchasing an additional 358,145 shares during the period. Geode Capital Management LLC lifted its position in shares of Amcor by 1.9% in the 1st quarter. Geode Capital Management LLC now owns 30,845,588 shares of the company’s stock worth $350,227,000 after purchasing an additional 585,881 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Amcor by 2.0% in the 3rd 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 during the period. Finally, Invesco Ltd. lifted its position in shares of Amcor by 40.9% in the 1st quarter. Invesco Ltd. now owns 27,078,220 shares of the company’s stock worth $306,797,000 after purchasing an additional 7,854,257 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Amcor Price Performance

Shares of AMCR opened at $8.83 on Thursday. The company has a 50 day moving average price of $9.20 and a 200-day moving average price of $9.27. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.18. The stock has a market capitalization of $12.76 billion, a PE ratio of 20.07, a PEG ratio of 9.83 and a beta of 0.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25.

Amcor (NYSE:AMCR) last announced its quarterly 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. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Equities analysts predict that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.66%. Amcor’s payout ratio is 113.64%.

About Amcor

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.