1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC cut its holdings in Amcor plc ( NYSE:AMCR – Free Report ) by 6.9% during the 4th quarter, HoldingsChannel reports. The fund owned 56,934 shares of the company’s stock after selling 4,220 shares during the quarter.
Orion Portfolio Solutions LLC’s holdings in Amcor were worth $536,000 as of its most recent filing with the SEC. Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Amcor by 5.
6% during the third quarter. FMR LLC now owns 2,389,346 shares of the company’s stock worth $27,071,000 after purchasing an additional 126,844 shares during the period. Benjamin Edwards Inc.
acquired a new position in Amcor in the 3rd quarter valued at $508,000. IHT Wealth Management LLC lifted its position in shares of Amcor by 7.1% during the 3rd quarter.
IHT Wealth Management LLC now owns 27,597 shares of the company’s stock valued at $313,000 after acquiring an additional 1,831 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in shares of Amcor during the 3rd quarter worth $232,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Amcor in the third quarter worth $636,000.
Institutional investors and hedge funds own 45.14% of the company’s stock. Insider Activity In related news, Director Achal Agarwal purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th.
The stock was bought at an average price of $10.10 per share, with a total value of $101,000.00.
Following the completion of the purchase, the director now owns 88,967 shares in the company, valued at approximately $898,566.70. This represents a 12.
66 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link . Insiders own 0.
60% of the company’s stock. Wall Street Analyst Weigh In Get Our Latest Analysis on AMCR Amcor Stock Down 3.4 % Shares of AMCR opened at $8.
91 on Tuesday. The stock has a market capitalization of $12.88 billion, a price-to-earnings ratio of 16.
20, a PEG ratio of 1.96 and a beta of 0.78.
Amcor plc has a 52 week low of $8.71 and a 52 week high of $11.48.
The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.
26. The stock has a fifty day moving average of $9.89 and a 200-day moving average of $10.
17. Amcor ( NYSE:AMCR – Get Free Report ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.
16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Amcor had a return on equity of 26.
14% and a net margin of 5.89%. The firm had revenue of $3.
24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the firm posted $0.
09 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis.
As a group, sell-side analysts anticipate that Amcor plc will post 0.74 earnings per share for the current fiscal year. Amcor Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th.
Shareholders of record on Wednesday, February 26th were given a $0.1275 dividend. This represents a $0.
51 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend was Wednesday, February 26th.
Amcor’s dividend payout ratio (DPR) is currently 92.73%. 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. Recommended Stories Want to see what other hedge funds are holding AMCR? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Amcor plc ( NYSE:AMCR – Free Report ). Receive News & Ratings for Amcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amcor and related companies with MarketBeat.com's FREE daily email newsletter .
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