Swiss National Bank Has $43.60 Million Stock Position in Amcor plc (NYSE:AMCR)

Swiss National Bank cut its stake in shares of Amcor plc (NYSE:AMCR) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,522,992 shares of the company’s stock after selling 209,900 shares during the quarter. Swiss National Bank’s holdings in Amcor were worth $43,602,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Signaturefd LLC increased its stake in shares of Amcor by 1,619.5% in the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after buying an additional 3,077 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Amcor during the third quarter worth $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Amcor in the fourth quarter valued at $40,000. Loomis Sayles & Co. L P raised its position in Amcor by 48.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock worth $41,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Amcor in the 3rd quarter valued at about $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Performance

AMCR stock opened at $10.09 on Tuesday. Amcor plc has a 1-year low of $8.45 and a 1-year high of $10.53. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 1.76. The stock has a 50-day moving average price of $9.24 and a 200-day moving average price of $9.31. The firm has a market cap of $14.58 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 5.48 and a beta of 0.79.

Amcor (NYSE:AMCR) last issued its quarterly 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. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.49 billion. Amcor had a return on equity of 24.66% and a net margin of 4.75%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. As a group, equities research analysts expect that Amcor plc will post 0.69 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders 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 annualized dividend and a dividend yield of 4.96%. Amcor’s dividend payout ratio is currently 111.11%.

Wall Street Analysts Forecast Growth

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

Amcor Company Profile

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.