Amcor plc (NYSE:AMCR) Holdings Boosted by Savant Capital LLC

Savant Capital LLC boosted its holdings in Amcor plc (NYSE:AMCR) by 10.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,640 shares of the company’s stock after acquiring an additional 1,602 shares during the period. Savant Capital LLC’s holdings in Amcor were worth $170,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Amcor by 1,619.5% in the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after acquiring an additional 3,077 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new position in Amcor in the third quarter worth about $38,000. McGlone Suttner Wealth Management Inc. bought a new position in Amcor in the fourth quarter worth about $40,000. Loomis Sayles & Co. L P lifted its holdings in Amcor by 48.2% in the third quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock worth $41,000 after acquiring an additional 1,445 shares during the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Amcor in the third quarter valued at approximately $46,000. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Up 0.3 %

Shares of NYSE:AMCR opened at $10.13 on Wednesday. The stock has a market capitalization of $14.63 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 5.48 and a beta of 0.79. Amcor plc has a 1-year low of $8.45 and a 1-year high of $10.53. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.75 and a current ratio of 1.29. The company has a 50 day moving average price of $9.27 and a 200 day moving average price of $9.32.

Amcor (NYSE:AMCR) last issued its earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the firm posted $0.18 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts anticipate that Amcor plc will post 0.69 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.94%. The ex-dividend date is Tuesday, May 21st. Amcor’s payout ratio is 111.11%.

Analyst Upgrades and Downgrades

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

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.