14,063 Shares in Amcor plc (NYSE:AMCR) Bought by Symmetry Partners LLC

Symmetry Partners LLC acquired a new stake in shares of Amcor plc (NYSE:AMCR) during the fourth quarter, Holdings Channel.com reports. The firm acquired 14,063 shares of the company’s stock, valued at approximately $132,000.

A number of other hedge funds have also bought and sold shares of AMCR. Larson Financial Group LLC increased its position in Amcor by 3,410.3% during the third quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after acquiring an additional 2,319 shares during the last quarter. Jones Financial Companies Lllp increased its position in Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock valued at $35,000 after acquiring an additional 2,660 shares during the last quarter. True Wealth Design LLC increased its position in Amcor by 3,794.1% during the third quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after acquiring an additional 3,225 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Amcor during the fourth quarter valued at $44,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Amcor during the fourth quarter valued at $60,000. Institutional investors own 45.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMCR shares. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, Truist Financial raised shares of Amcor from a “hold” rating to a “buy” rating and boosted their target price for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus target price of $11.46.

Amcor Stock Down 0.8 %

NYSE:AMCR opened at $9.85 on Thursday. Amcor plc has a 1-year low of $8.80 and a 1-year high of $11.48. The company has a 50-day moving average of $9.92 and a 200 day moving average of $10.32. The firm has a market cap of $14.23 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $3.33 billion. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 earnings per share. As a group, research analysts anticipate that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were issued a $0.1275 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a yield of 5.18%. Amcor’s dividend payout ratio is presently 92.73%.

Insiders Place Their Bets

In other news, Director Achal Agarwal bought 10,000 shares of Amcor stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the acquisition, the director now owns 88,967 shares of the company’s stock, valued at $898,566.70. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

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.