Amcor plc (NYSE:AMCR) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. decreased its holdings in Amcor plc (NYSE:AMCR) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,183,438 shares of the company’s stock after selling 56,900 shares during the period. APG Asset Management N.V.’s holdings in Amcor were worth $29,050,000 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 the business. Riverview Trust Co purchased a new position in shares of Amcor in the 1st quarter valued at $28,000. Quent Capital LLC increased its holdings in Amcor by 51.8% in the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock valued at $36,000 after purchasing an additional 1,241 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Amcor by 132.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock valued at $39,000 after purchasing an additional 2,519 shares during the period. UMB Bank n.a. lifted its stake in shares of Amcor by 38.7% during the second quarter. UMB Bank n.a. now owns 4,656 shares of the company’s stock worth $46,000 after purchasing an additional 1,299 shares in the last quarter. Finally, ORG Partners LLC purchased a new stake in shares of Amcor in the second quarter worth about $47,000. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Price Performance

Shares of NYSE:AMCR opened at $11.35 on Friday. The firm has a market cap of $16.40 billion, a PE ratio of 25.22, a price-to-earnings-growth ratio of 2.73 and a beta of 0.85. The company has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $10.08. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.48.

Amcor (NYSE:AMCR) last released its earnings results on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $1.30 billion. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The company’s revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. On average, equities research analysts anticipate that Amcor plc will post 0.75 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Friday, September 6th. Amcor’s dividend payout ratio is presently 111.11%.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMCR. Citigroup raised their target price on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. JPMorgan Chase & Co. lifted their price objective on shares of Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Robert W. Baird upped their target price on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price target on shares of Amcor from $9.80 to $10.50 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Finally, Stifel Nicolaus assumed coverage on shares of Amcor in a research report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 price objective for the company. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.73.

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.