Amcor plc (NYSE:AMCR) Shares Acquired by Simplicity Solutions LLC

Simplicity Solutions LLC grew its holdings in Amcor plc (NYSE:AMCR) by 18.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 54,832 shares of the company’s stock after buying an additional 8,413 shares during the quarter. Simplicity Solutions LLC’s holdings in Amcor were worth $529,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. State Street Corp grew its stake in shares of Amcor by 10.2% in the first 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% during 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 last quarter. Geode Capital Management LLC lifted its position in shares of Amcor by 1.9% during 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 last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Amcor by 2.0% during 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 last quarter. Finally, Invesco Ltd. lifted its position in shares of Amcor by 40.9% during 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 last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

Amcor stock opened at $8.90 on Friday. The stock has a market cap of $12.86 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 9.71 and a beta of 0.78. The company has a fifty day simple moving average of $9.19 and a 200-day simple moving average of $9.26. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.17. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping 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 net margin of 4.59% and a return on equity of 24.28%. Equities analysts expect that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 5.62%. Amcor’s dividend payout ratio (DPR) is currently 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.