WealthTrust Axiom LLC Raises Stake in Amcor plc (NYSE:AMCR)

WealthTrust Axiom LLC boosted its stake in Amcor plc (NYSE:AMCR) by 16.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,507 shares of the company’s stock after acquiring an additional 14,100 shares during the quarter. WealthTrust Axiom LLC’s holdings in Amcor were worth $940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Amcor by 1,619.5% in the 3rd 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 period. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Amcor during the 3rd quarter valued at approximately $38,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Amcor during the 4th quarter valued at approximately $40,000. Loomis Sayles & Co. L P boosted its stake in shares of Amcor by 48.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock valued at $41,000 after buying an additional 1,445 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Amcor during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 1.3 %

Shares of Amcor stock traded down $0.12 on Tuesday, hitting $8.93. 5,948,813 shares of the company’s stock traded hands, compared to its average volume of 8,422,593. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. The stock has a market cap of $12.91 billion, a P/E ratio of 20.55, a PEG ratio of 9.86 and a beta of 0.78. Amcor plc has a 52-week low of $8.45 and a 52-week high of $11.09. The firm’s 50-day moving average is $9.19 and its 200 day moving average is $9.27.

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

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 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.