JPMorgan Chase & Co. Purchases 403,938 Shares of Ardagh Metal Packaging S.A. (NYSE:AMBP)

JPMorgan Chase & Co. boosted its position in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 205.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 600,917 shares of the company’s stock after buying an additional 403,938 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.10% of Ardagh Metal Packaging worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in AMBP. Larson Financial Group LLC purchased a new stake in Ardagh Metal Packaging in the 4th quarter worth about $30,000. Cibc World Markets Corp purchased a new position in shares of Ardagh Metal Packaging in the fourth quarter worth about $41,000. Xponance Inc. bought a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $41,000. Aigen Investment Management LP bought a new stake in shares of Ardagh Metal Packaging in the fourth quarter valued at approximately $42,000. Finally, Fidelis Capital Partners LLC lifted its stake in shares of Ardagh Metal Packaging by 52.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 26,781 shares of the company’s stock valued at $81,000 after buying an additional 9,266 shares in the last quarter. 16.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMBP shares. Morgan Stanley raised shares of Ardagh Metal Packaging from an “underweight” rating to an “equal weight” rating and lowered their target price for the company from $3.60 to $3.10 in a report on Monday, January 13th. Citigroup decreased their price objective on Ardagh Metal Packaging from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. UBS Group dropped their price objective on Ardagh Metal Packaging from $4.25 to $2.75 and set a “neutral” rating on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $3.35 target price (down previously from $3.60) on shares of Ardagh Metal Packaging in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $3.44.

Ardagh Metal Packaging Stock Up 30.4 %

Ardagh Metal Packaging stock opened at $3.60 on Friday. The business has a 50-day simple moving average of $2.83 and a 200 day simple moving average of $3.13. Ardagh Metal Packaging S.A. has a 52 week low of $2.50 and a 52 week high of $4.26. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -30.00, a PEG ratio of 0.54 and a beta of 0.54.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. On average, research analysts anticipate that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 11.11%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is currently -800.00%.

Ardagh Metal Packaging Company Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.