Daiwa Securities Group Inc. Purchases 5,696 Shares of Amcor plc (NYSE:AMCR)

Daiwa Securities Group Inc. increased its position in Amcor plc (NYSE:AMCR) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 131,072 shares of the company’s stock after buying an additional 5,696 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Amcor were worth $1,264,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of AMCR. Vanguard Group Inc. lifted 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 worth $517,349,000 after purchasing an additional 325,747 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 in the last quarter. American Century Companies Inc. lifted its stake in Amcor by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 22,830,158 shares of the company’s stock worth $209,124,000 after purchasing an additional 748,138 shares in the last quarter. Invesco Ltd. raised its position in shares of Amcor by 14.9% during the 3rd quarter. Invesco Ltd. now owns 20,531,344 shares of the company’s stock valued at $188,067,000 after buying an additional 2,664,715 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Amcor by 3.0% during the 3rd quarter. Northern Trust Corp now owns 11,650,436 shares of the company’s stock valued at $106,718,000 after buying an additional 342,647 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 0.6 %

Shares of NYSE AMCR opened at $8.98 on Wednesday. The firm’s 50-day moving average price is $9.19 and its 200-day moving average price is $9.27. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $12.98 billion, a price-to-earnings ratio of 20.41, a P/E/G ratio of 9.86 and a beta of 0.78. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.11.

Amcor (NYSE:AMCR) last announced its earnings results 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 firm had revenue of $3.25 billion for 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%. On average, equities research analysts anticipate that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders 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 5.57%. Amcor’s dividend payout ratio (DPR) is presently 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.