Allspring Global Investments Holdings LLC Sells 4,005 Shares of Amcor plc (NYSE:AMCR)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Amcor plc (NYSE:AMCR) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 71,751 shares of the company’s stock after selling 4,005 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Amcor were worth $692,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. HBK Sorce Advisory LLC boosted its holdings in Amcor by 29.6% in the fourth quarter. HBK Sorce Advisory LLC now owns 24,560 shares of the company’s stock valued at $237,000 after acquiring an additional 5,609 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Amcor during the fourth quarter valued at $3,512,000. Bleakley Financial Group LLC grew its holdings in Amcor by 18.3% during the 4th quarter. Bleakley Financial Group LLC now owns 54,896 shares of the company’s stock worth $529,000 after acquiring an additional 8,477 shares during the period. Meeder Advisory Services Inc. lifted its stake in shares of Amcor by 34.0% in the 4th quarter. Meeder Advisory Services Inc. now owns 31,585 shares of the company’s stock valued at $304,000 after purchasing an additional 8,012 shares during the period. Finally, Prime Capital Investment Advisors LLC boosted its position in shares of Amcor by 33.9% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 20,009 shares of the company’s stock valued at $193,000 after purchasing an additional 5,069 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Trading Up 0.8 %

Shares of AMCR stock opened at $9.06 on Thursday. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.09. 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 stock has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $9.27. The company has a market cap of $13.09 billion, a P/E ratio of 20.58, a PEG ratio of 9.93 and a beta of 0.78.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. Research analysts forecast that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were paid a $0.125 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 5.52%. Amcor’s dividend payout ratio is presently 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.