Atria Wealth Solutions Inc. Has $257,000 Holdings in Amcor plc (NYSE:AMCR)

Atria Wealth Solutions Inc. grew its position in Amcor plc (NYSE:AMCR) by 87.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,681 shares of the company’s stock after purchasing an additional 12,425 shares during the period. Atria Wealth Solutions Inc.’s holdings in Amcor were worth $257,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Signaturefd LLC lifted its stake in 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 acquired a new position in shares of Amcor in the 3rd quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Amcor in the fourth quarter worth approximately $40,000. Loomis Sayles & Co. L P boosted its holdings in shares of Amcor by 48.2% during 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 period. Finally, Sunbelt Securities Inc. purchased a new position in Amcor during the third quarter valued at approximately $46,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Performance

Shares of AMCR stock opened at $10.32 on Friday. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $10.45. The stock’s 50-day moving average is $9.30 and its two-hundred day moving average is $9.32. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.29 and a quick ratio of 0.75. The firm has a market cap of $14.91 billion, a P/E ratio of 22.92, a PEG ratio of 5.48 and a beta of 0.79.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations 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 business posted $0.18 EPS. Analysts predict that Amcor plc will post 0.69 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared 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 is Tuesday, May 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.85%. Amcor’s dividend payout ratio is currently 111.11%.

Analyst Ratings Changes

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

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.