OneAscent Financial Services LLC grew its stake in Amcor plc (NYSE:AMCR) by 16.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 27,625 shares of the company’s stock after purchasing an additional 3,831 shares during the quarter. OneAscent Financial Services LLC’s holdings in Amcor were worth $325,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMCR. Harvest Fund Management Co. Ltd bought a new position in shares of Amcor in the 3rd quarter valued at about $30,000. Canada Pension Plan Investment Board bought a new position in shares of Amcor in the 2nd quarter valued at about $32,000. South State CORP. bought a new position in shares of Amcor in the 3rd quarter valued at about $34,000. Freestone Capital Holdings LLC bought a new position in Amcor during the third quarter worth about $43,000. Finally, Canton Hathaway LLC bought a new position in Amcor during the third quarter worth about $55,000. Institutional investors own 34.95% of the company’s stock.
NYSE AMCR opened at $11.43 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.78 and a debt-to-equity ratio of 1.34. Amcor plc has a 1-year low of $5.80 and a 1-year high of $12.40. The company has a 50 day moving average of $11.55 and a 200-day moving average of $11.15. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.10 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Stockholders of record on Tuesday, November 24th were given a $0.117 dividend. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.09%. This is an increase from Amcor’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, November 23rd. Amcor’s payout ratio is presently 73.44%.
A number of research firms recently commented on AMCR. Zacks Investment Research cut Amcor from a “hold” rating to a “sell” rating in a report on Tuesday. Smith Barney Citigroup cut Amcor from a “buy” rating to a “neutral” rating in a report on Tuesday, January 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and set a $13.00 price target on shares of Amcor in a report on Tuesday, January 5th. Seaport Global Securities began coverage on Amcor in a report on Wednesday, October 14th. They set a “neutral” rating for the company. Finally, Bank of America cut Amcor from a “neutral” rating to an “underperform” rating and set a $12.90 price target for the company. in a report on Tuesday, November 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $12.81.
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.
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