Hsbc Holdings PLC Has $7.06 Million Stock Holdings in Amcor plc (NYSE:AMCR)

Hsbc Holdings PLC boosted its position in shares of Amcor plc (NYSE:AMCRFree Report) by 40.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 733,425 shares of the company’s stock after buying an additional 210,101 shares during the quarter. Hsbc Holdings PLC owned approximately 0.05% of Amcor worth $7,063,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMCR. Vanguard Group Inc. raised its position in shares of Amcor by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock valued at $517,349,000 after acquiring an additional 325,747 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Amcor by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock valued at $280,491,000 after acquiring an additional 594,034 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Amcor by 1.9% during the 4th quarter. Federated Hermes Inc. now owns 25,391,765 shares of the company’s stock valued at $244,777,000 after acquiring an additional 468,883 shares during the last quarter. American Century Companies Inc. raised its position in shares of Amcor by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 22,830,158 shares of the company’s stock valued at $209,124,000 after acquiring an additional 748,138 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Amcor by 14.9% during the 3rd quarter. Invesco Ltd. now owns 20,531,344 shares of the company’s stock valued at $188,067,000 after acquiring an additional 2,664,715 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped 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 Analysis on AMCR

Amcor Price Performance

AMCR opened at $10.21 on Tuesday. 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 plc has a 12 month low of $8.45 and a 12 month high of $10.51. The company has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $9.48. The stock has a market cap of $14.76 billion, a P/E ratio of 22.69, a P/E/G ratio of 5.56 and a beta of 0.85.

Amcor (NYSE:AMCRGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, beating 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 business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. On average, research analysts expect that Amcor plc will post 0.7 EPS for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Tuesday, May 21st. Amcor’s dividend payout ratio (DPR) is presently 111.11%.

Amcor 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.

See Also

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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