NEOS Investment Management LLC Grows Stock Position in Amcor plc (NYSE:AMCR)

NEOS Investment Management LLC boosted its stake in shares of Amcor plc (NYSE:AMCRFree Report) by 31.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,490 shares of the company’s stock after buying an additional 4,851 shares during the period. NEOS Investment Management LLC’s holdings in Amcor were worth $198,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMCR. Keybank National Association OH purchased a new stake in Amcor during the 3rd quarter valued at $96,000. Janney Montgomery Scott LLC increased its stake in Amcor by 3.8% in the third quarter. Janney Montgomery Scott LLC now owns 997,570 shares of the company’s stock worth $9,138,000 after purchasing an additional 36,181 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Amcor by 79.0% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 64,712 shares of the company’s stock worth $593,000 after purchasing an additional 28,557 shares during the period. HighTower Advisors LLC increased its stake in Amcor by 10.9% in the third quarter. HighTower Advisors LLC now owns 249,940 shares of the company’s stock worth $2,301,000 after purchasing an additional 24,598 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Amcor in the third quarter worth $463,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Research Report on Amcor

Amcor Stock Performance

AMCR stock opened at $10.01 on Friday. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 22.24, a PEG ratio of 5.58 and a beta of 0.85. 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 twelve month low of $8.45 and a twelve month high of $10.51. The business’s fifty day simple moving average is $9.64 and its two-hundred day simple moving average is $9.50.

Amcor (NYSE:AMCRGet Free Report) 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 firm 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 business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. Analysts predict that Amcor plc will post 0.7 earnings per share for the current year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 22nd will be paid 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 5.00%. Amcor’s dividend payout ratio is currently 111.11%.

About Amcor

(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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