Amcor plc (NYSE:AMCR) Shares Sold by ING Groep NV

ING Groep NV reduced its stake in shares of Amcor plc (NYSE:AMCRFree Report) by 10.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,908,536 shares of the company’s stock after selling 229,597 shares during the quarter. ING Groep NV’s holdings in Amcor were worth $18,398,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMCR. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Amcor by 12.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 246,555 shares of the company’s stock worth $2,377,000 after purchasing an additional 27,077 shares during the last quarter. Teacher Retirement System of Texas raised its holdings in shares of Amcor by 173.4% during the fourth quarter. Teacher Retirement System of Texas now owns 311,839 shares of the company’s stock worth $3,006,000 after purchasing an additional 197,760 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Amcor by 0.6% during the third quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock worth $517,349,000 after purchasing an additional 325,747 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in Amcor by 20.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,345,800 shares of the company’s stock valued at $12,974,000 after buying an additional 227,145 shares in the last quarter. Finally, Barclays PLC increased its holdings in Amcor by 25.8% in the third quarter. Barclays PLC now owns 4,055,670 shares of the company’s stock valued at $37,152,000 after buying an additional 830,959 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on Amcor

Amcor Price Performance

Amcor stock traded down $0.09 during trading on Friday, reaching $10.27. The company had a trading volume of 10,402,319 shares, compared to its average volume of 8,246,009. The firm has a market capitalization of $14.84 billion, a PE ratio of 22.82, a price-to-earnings-growth ratio of 5.66 and a beta of 0.79. The firm’s 50-day simple moving average is $9.46 and its 200 day simple moving average is $9.41. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.75 and a current ratio of 1.29. Amcor plc has a 1-year low of $8.45 and a 1-year high of $10.51.

Amcor (NYSE:AMCRGet Free Report) last announced its earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.49 billion. During the same quarter last year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Amcor plc will post 0.7 earnings per share for the current fiscal year.

Amcor Dividend Announcement

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. The ex-dividend date is Tuesday, May 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.87%. Amcor’s payout ratio is currently 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.

Read More

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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