Cwm LLC Grows Holdings in Amcor plc (NYSE:AMCR)

Cwm LLC grew its stake in shares of Amcor plc (NYSE:AMCR) by 117.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,448 shares of the company’s stock after purchasing an additional 11,576 shares during the quarter. Cwm LLC’s holdings in Amcor were worth $207,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings 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 buying an additional 3,077 shares during the period. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Amcor in the third quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Amcor in the fourth quarter worth about $40,000. Loomis Sayles & Co. L P grew its holdings in 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 acquiring an additional 1,445 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Amcor during the 3rd quarter valued at about $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Trading Up 1.4 %

AMCR opened at $10.01 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.71 and a debt-to-equity ratio of 1.76. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 5.39 and a beta of 0.79. Amcor plc has a 12 month low of $8.45 and a 12 month high of $10.53. The stock has a fifty day moving average price of $9.23 and a 200-day moving average price of $9.29.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.01. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.49 billion. Amcor had a return on equity of 24.66% and a net margin of 4.75%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. As a group, equities research analysts anticipate that Amcor plc will post 0.7 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 22nd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.50 dividend on an annualized basis and a yield of 5.00%. Amcor’s payout ratio is 111.11%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price target on shares of Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday.

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.