GAMMA Investing LLC Purchases New Shares in Amcor plc (NYSE:AMCR)

GAMMA Investing LLC purchased a new stake in shares of Amcor plc (NYSE:AMCR) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,687 shares of the company’s stock, valued at approximately $110,000.

Several other hedge funds also recently made changes to their positions in AMCR. Signaturefd LLC boosted its position in shares of Amcor by 1,619.5% during the third 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. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Amcor in the third quarter worth $38,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Amcor in the fourth quarter worth $40,000. Loomis Sayles & Co. L P raised its stake in shares of Amcor by 48.2% in the third quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock worth $41,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Amcor in the third quarter worth $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Performance

Shares of AMCR opened at $8.97 on Monday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71. Amcor plc has a one year low of $8.45 and a one year high of $11.09. The firm has a market capitalization of $12.96 billion, a P/E ratio of 20.39, a PEG ratio of 9.86 and a beta of 0.78. The business has a fifty day moving average of $9.19 and a 200 day moving average of $9.27.

Amcor (NYSE:AMCR) last released its quarterly 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 return on equity of 24.28% and a net margin of 4.59%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. As a group, sell-side analysts anticipate that Amcor plc will post 0.68 EPS for the current year.

Amcor Dividend Announcement

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