Sigma Planning Corp Cuts Stock Holdings in Amcor plc (NYSE:AMCR)

Sigma Planning Corp reduced its stake in Amcor plc (NYSE:AMCR) by 65.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,737 shares of the company’s stock after selling 36,596 shares during the quarter. Sigma Planning Corp’s holdings in Amcor were worth $190,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Signaturefd LLC grew its stake in shares of Amcor by 1,619.5% in the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after acquiring an additional 3,077 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Amcor in the 3rd quarter worth about $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Amcor in the 4th quarter valued at about $40,000. Loomis Sayles & Co. L P lifted its position in shares of Amcor by 48.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock worth $41,000 after buying an additional 1,445 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Amcor in the 3rd quarter worth approximately $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Performance

Shares of AMCR opened at $9.04 on Tuesday. The stock has a 50 day moving average of $9.19 and a 200 day moving average of $9.27. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 20.55, a PEG 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. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

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 during the quarter, compared to analyst estimates of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. As a group, sell-side analysts forecast that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date was Tuesday, February 27th. Amcor’s payout ratio is 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.