TCW Group Inc. Invests $222,000 in Amcor plc (NYSE:AMCR)

TCW Group Inc. acquired a new stake in Amcor plc (NYSE:AMCRFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 22,832 shares of the company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMCR. Element Capital Management LLC acquired a new position in shares of Amcor during the fourth quarter worth approximately $763,000. Assetmark Inc. boosted its position in Amcor by 19.2% during the 4th quarter. Assetmark Inc. now owns 68,268 shares of the company’s stock worth $658,000 after acquiring an additional 10,986 shares during the period. Balentine LLC bought a new position in shares of Amcor in the fourth quarter worth $108,000. Associated Banc Corp increased its holdings in shares of Amcor by 5.0% during the fourth quarter. Associated Banc Corp now owns 336,283 shares of the company’s stock valued at $3,242,000 after purchasing an additional 16,025 shares during the period. Finally, Coldstream Capital Management Inc. increased its holdings in shares of Amcor by 13.9% during the fourth quarter. Coldstream Capital Management Inc. now owns 16,681 shares of the company’s stock valued at $161,000 after purchasing an additional 2,038 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. increased their target price 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.

Read Our Latest Stock Report on AMCR

Amcor Trading Up 0.6 %

Shares of Amcor stock opened at $9.94 on Monday. The business has a fifty day simple moving average of $9.51 and a 200-day simple moving average of $9.45. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $10.51. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 5.43 and a beta of 0.79. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76.

Amcor (NYSE:AMCRGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 previous year, the company posted $0.18 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts forecast that Amcor plc will post 0.7 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 22nd will be given 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 5.03%. Amcor’s dividend payout ratio (DPR) is presently 111.11%.

Amcor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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