abrdn plc Purchases 33,792 Shares of Amcor plc (NYSE:AMCR)

abrdn plc lifted its position in shares of Amcor plc (NYSE:AMCR) by 25.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 164,363 shares of the company’s stock after purchasing an additional 33,792 shares during the quarter. abrdn plc’s holdings in Amcor were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in Amcor by 19.9% during the third quarter. CWM LLC now owns 9,872 shares of the company’s stock worth $90,000 after buying an additional 1,636 shares in the last quarter. Czech National Bank lifted its holdings in shares of Amcor by 47.6% during the 3rd quarter. Czech National Bank now owns 257,179 shares of the company’s stock worth $2,356,000 after acquiring an additional 82,989 shares during the period. Simplicity Solutions LLC boosted its position in shares of Amcor by 3.2% during the 3rd quarter. Simplicity Solutions LLC now owns 46,419 shares of the company’s stock valued at $425,000 after acquiring an additional 1,450 shares in the last quarter. Golden State Equity Partners bought a new stake in Amcor in the third quarter valued at about $119,000. Finally, Commonwealth Equity Services LLC increased its stake in Amcor by 7.2% in the third quarter. Commonwealth Equity Services LLC now owns 720,288 shares of the company’s stock valued at $6,598,000 after acquiring an additional 48,499 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Up 0.8 %

Shares of AMCR opened at $9.04 on Tuesday. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. The company has a 50-day moving average price of $9.19 and a two-hundred day moving average price of $9.27. The stock has a market cap of $13.07 billion, a price-to-earnings ratio of 20.55, 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 $11.09.

Amcor (NYSE:AMCR) last posted its 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. 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 the consensus estimate of $3.29 billion. Equities analysts predict that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

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 of this dividend was Tuesday, February 27th. This represents a $0.50 annualized dividend and a dividend yield of 5.53%. 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.