International Assets Investment Management LLC Purchases Shares of 33,859 Amcor plc (NYSE:AMCR)

International Assets Investment Management LLC acquired a new position in shares of Amcor plc (NYSE:AMCR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 33,859 shares of the company’s stock, valued at approximately $3,512,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of Amcor by 1.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 48,176 shares of the company’s stock valued at $517,000 after acquiring an additional 857 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Amcor by 5.7% in the second quarter. IHT Wealth Management LLC now owns 19,704 shares of the company’s stock valued at $197,000 after purchasing an additional 1,064 shares during the last quarter. Captrust Financial Advisors lifted its stake in Amcor by 4.5% in the second quarter. Captrust Financial Advisors now owns 25,609 shares of the company’s stock valued at $256,000 after purchasing an additional 1,098 shares during the last quarter. Utah Retirement Systems lifted its stake in Amcor by 1.4% in the fourth quarter. Utah Retirement Systems now owns 80,500 shares of the company’s stock valued at $959,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Financial & Tax Architects LLC lifted its stake in Amcor by 4.5% in the third quarter. Financial & Tax Architects LLC now owns 27,018 shares of the company’s stock valued at $247,000 after purchasing an additional 1,163 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Amcor Price Performance

Amcor stock opened at $8.83 on Thursday. Amcor plc has a 12 month low of $8.45 and a 12 month high of $11.18. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The business’s 50 day simple moving average is $9.20 and its 200 day simple moving average is $9.27. The company has a market cap of $12.76 billion, a price-to-earnings ratio of 20.07, a PEG ratio of 9.83 and a beta of 0.78.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. Sell-side analysts forecast that Amcor plc will post 0.68 EPS for the current year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.66%. Amcor’s dividend payout ratio (DPR) is presently 113.64%.

About 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.