Amcor plc (NYSE:AMCR) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Amcor plc (NYSE:AMCR) by 36.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 839,320 shares of the company’s stock after purchasing an additional 225,928 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Amcor were worth $8,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in Amcor by 1,619.5% in the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after purchasing an additional 3,077 shares in the last quarter. Money Concepts Capital Corp purchased a new stake in Amcor in the 4th quarter valued at approximately $31,000. Clear Street Markets LLC boosted its holdings in Amcor by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 2,913 shares of the company’s stock valued at $33,000 after purchasing an additional 1,408 shares in the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Amcor in the 3rd quarter valued at approximately $38,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Amcor in the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

Shares of AMCR opened at $8.97 on Friday. Amcor plc has a twelve month low of $8.45 and a twelve month high of $11.11. The stock’s 50 day moving average is $9.19 and its two-hundred day moving average is $9.27. The firm has a market capitalization of $12.96 billion, a PE ratio of 20.39, a P/E/G ratio of 9.78 and a beta of 0.78. 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 announced its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 EPS 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 analyst estimates of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. Research analysts anticipate that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) 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.