Benjamin F. Edwards & Company Inc. Buys 50,121 Shares of Amcor plc (NYSE:AMCR)

Benjamin F. Edwards & Company Inc. raised its stake in Amcor plc (NYSE:AMCR) by 40,096.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 50,246 shares of the company’s stock after buying an additional 50,121 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Amcor were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Toronto Dominion Bank bought a new stake in Amcor in the third quarter valued at approximately $43,187,000. Invesco Ltd. lifted its position in shares of Amcor by 14.9% in the 3rd quarter. Invesco Ltd. now owns 20,531,344 shares of the company’s stock worth $188,067,000 after purchasing an additional 2,664,715 shares during the period. FMR LLC lifted its position in shares of Amcor by 315.0% in the 3rd quarter. FMR LLC now owns 1,816,174 shares of the company’s stock worth $16,636,000 after purchasing an additional 1,378,594 shares during the period. CBOE Vest Financial LLC boosted its stake in shares of Amcor by 106.3% in the 3rd quarter. CBOE Vest Financial LLC now owns 2,251,643 shares of the company’s stock valued at $20,625,000 after purchasing an additional 1,160,061 shares during the last quarter. Finally, Vest Financial LLC increased its position in shares of Amcor by 38.2% during the fourth quarter. Vest Financial LLC now owns 3,110,645 shares of the company’s stock worth $29,987,000 after buying an additional 859,002 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Up 1.0 %

Shares of NYSE AMCR opened at $10.22 on Thursday. Amcor plc has a 12-month low of $8.45 and a 12-month high of $10.45. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76. The firm has a market cap of $14.77 billion, a PE ratio of 22.71, a P/E/G ratio of 5.48 and a beta of 0.79. The company’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $9.32.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue was down 7.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amcor plc will post 0.69 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 22nd will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.50 annualized dividend and a dividend yield of 4.89%. Amcor’s dividend payout ratio is 111.11%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their price target on shares of Amcor from $9.90 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st.

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.