Yousif Capital Management LLC Lowers Holdings in Amcor plc (NYSE:AMCR)

Yousif Capital Management LLC decreased its position in Amcor plc (NYSE:AMCR) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 732,471 shares of the company’s stock after selling 67,529 shares during the period. Yousif Capital Management LLC owned 0.05% of Amcor worth $7,061,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Amcor by 12.3% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 246,555 shares of the company’s stock worth $2,377,000 after buying an additional 27,077 shares in the last quarter. Vanguard Group Inc. raised its stake in Amcor by 0.6% in the third quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock worth $517,349,000 after buying an additional 325,747 shares in the last quarter. Handelsbanken Fonder AB raised its stake in Amcor by 20.3% in the fourth quarter. Handelsbanken Fonder AB now owns 1,345,800 shares of the company’s stock worth $12,974,000 after buying an additional 227,145 shares in the last quarter. Barclays PLC raised its stake in Amcor by 25.8% in the third quarter. Barclays PLC now owns 4,055,670 shares of the company’s stock worth $37,152,000 after buying an additional 830,959 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Amcor by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock worth $280,491,000 after buying an additional 594,034 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of AMCR stock opened at $8.96 on Thursday. The business’s fifty day simple moving average is $9.19 and its 200-day simple moving average is $9.27. The company has a market cap of $12.95 billion, a PE ratio of 20.58, a PEG ratio of 9.87 and a beta of 0.78. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.09.

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

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Tuesday, February 27th. Amcor’s payout ratio is presently 113.64%.

Amcor 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.