Sumitomo Mitsui Trust Holdings Inc. Raises Position in Amcor plc (NYSE:AMCR)

Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Amcor plc (NYSE:AMCRFree Report) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,905,027 shares of the company’s stock after buying an additional 251,934 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.27% of Amcor worth $37,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMCR. Signaturefd LLC lifted its stake in 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 buying an additional 3,077 shares in the last quarter. Money Concepts Capital Corp purchased a new position in Amcor in the 4th quarter valued at about $31,000. Clear Street Markets LLC lifted its stake in Amcor by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 2,913 shares of the company’s stock worth $33,000 after purchasing an additional 1,408 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Amcor during the 3rd quarter worth approximately $38,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Amcor during the 4th quarter worth approximately $40,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Trading Up 0.8 %

Shares of Amcor stock opened at $8.97 on Friday. The stock has a market cap of $12.96 billion, a P/E ratio of 20.39, a P/E/G ratio of 9.78 and a beta of 0.78. The stock’s 50 day simple moving average is $9.19 and its 200-day simple moving average is $9.27. Amcor plc has a 1-year low of $8.45 and a 1-year high of $11.11. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71.

Amcor (NYSE:AMCRGet Free Report) last issued its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.01. The business had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. Analysts predict that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 113.64%.

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.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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