APG Asset Management N.V. reduced its stake in shares of Amcor plc (NYSE:AMCR - Free Report) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,183,438 shares of the company's stock after selling 56,900 shares during the period. APG Asset Management N.V. owned approximately 0.22% of Amcor worth $29,050,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in AMCR. Envestnet Portfolio Solutions Inc. raised its holdings in Amcor by 40.6% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 743,325 shares of the company's stock worth $7,069,000 after purchasing an additional 214,458 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Amcor by 244.2% during the 1st quarter. Empowered Funds LLC now owns 103,655 shares of the company's stock worth $986,000 after buying an additional 73,541 shares during the last quarter. M&G Plc boosted its position in shares of Amcor by 2,741.7% in the 2nd quarter. M&G Plc now owns 47,164,358 shares of the company's stock worth $471,644,000 after buying an additional 45,504,608 shares in the last quarter. CHURCHILL MANAGEMENT Corp increased its holdings in Amcor by 60.0% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 601,225 shares of the company's stock valued at $5,718,000 after acquiring an additional 225,441 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Amcor by 236.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 1,648,279 shares of the company's stock worth $15,675,000 after acquiring an additional 1,157,878 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.
NYSE AMCR opened at $11.35 on Friday. The business's 50-day moving average price is $10.84 and its 200 day moving average price is $10.08. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Amcor plc has a twelve month low of $8.45 and a twelve month high of $11.48. The company has a market capitalization of $16.40 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.85.
Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the prior year, the firm posted $0.19 EPS. The company's revenue was down 3.8% on a year-over-year basis. On average, research analysts predict that Amcor plc will post 0.75 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.41%. Amcor's payout ratio is 111.11%.
Several research firms have recently commented on AMCR. Citigroup increased their price target on shares of Amcor from $10.00 to $11.00 and gave the company a "neutral" rating in a research report on Tuesday, August 20th. Stifel Nicolaus began coverage on Amcor in a report on Tuesday, July 9th. They issued a "hold" rating and a $10.80 price target for the company. JPMorgan Chase & Co. increased their price objective on Amcor from $10.00 to $11.10 and gave the company an "overweight" rating in a research note on Tuesday, August 13th. Wells Fargo & Company lifted their price objective on Amcor from $9.80 to $10.50 and gave the stock an "equal weight" rating in a research report on Friday, August 16th. Finally, Robert W. Baird upped their target price on shares of Amcor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $10.73.
Check Out Our Latest Analysis on Amcor
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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