Louisiana State Employees Retirement System Purchases Shares of 87,400 Amcor plc (NYSE:AMCR)

Louisiana State Employees Retirement System purchased a new stake in Amcor plc (NYSE:AMCR) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,400 shares of the company’s stock, valued at approximately $843,000.

Several other large investors also recently added to or reduced their stakes in AMCR. CWM LLC raised its stake in Amcor by 19.9% during the 3rd quarter. CWM LLC now owns 9,872 shares of the company’s stock valued at $90,000 after purchasing an additional 1,636 shares during the period. DAVENPORT & Co LLC raised its stake in Amcor by 1.1% during the 3rd quarter. DAVENPORT & Co LLC now owns 213,940 shares of the company’s stock valued at $1,960,000 after purchasing an additional 2,358 shares during the period. Caprock Group LLC acquired a new stake in Amcor during the 3rd quarter valued at $99,000. Czech National Bank raised its stake in Amcor by 47.6% during the 3rd quarter. Czech National Bank now owns 257,179 shares of the company’s stock valued at $2,356,000 after purchasing an additional 82,989 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Amcor by 18.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 1,118,655 shares of the company’s stock valued at $10,247,000 after purchasing an additional 170,880 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Price Performance

Shares of NYSE:AMCR opened at $8.97 on Friday. The company’s fifty day moving average is $9.19 and its two-hundred day moving average is $9.27. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.09. The company has a market cap of $12.96 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 9.96 and a beta of 0.78.

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. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The company had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Equities analysts expect that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) is presently 113.64%.

Amcor 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.