Simplicity Solutions LLC Grows Stake in Amcor plc (NYSE:AMCR)

Simplicity Solutions LLC grew its position in Amcor plc (NYSE:AMCR) by 18.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,832 shares of the company’s stock after purchasing an additional 8,413 shares during the quarter. Simplicity Solutions LLC’s holdings in Amcor were worth $529,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its position in shares of Amcor by 1,619.5% in the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after acquiring an additional 3,077 shares during the period. Money Concepts Capital Corp acquired a new position in shares of Amcor in the 4th quarter valued at $31,000. Clear Street Markets LLC increased its position in shares of Amcor by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 2,913 shares of the company’s stock valued at $33,000 after acquiring an additional 1,408 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Amcor in the 3rd quarter valued at $38,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Amcor in the 4th quarter valued at $40,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Price Performance

NYSE AMCR opened at $8.90 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71. The stock’s fifty day moving average price is $9.19 and its 200 day moving average price is $9.26. Amcor plc has a 1 year low of $8.45 and a 1 year high of $11.17. The company has a market cap of $12.86 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 9.71 and a beta of 0.78.

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

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 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.