Yousif Capital Management LLC Has $6.68 Million Stake in Amcor plc (NYSE:AMCR)

Yousif Capital Management LLC cut its position in shares of Amcor plc (NYSE:AMCR) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 709,593 shares of the company’s stock after selling 119,332 shares during the quarter. Yousif Capital Management LLC’s holdings in Amcor were worth $6,677,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC boosted its position in Amcor by 31.8% during the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company’s stock worth $51,484,000 after acquiring an additional 1,096,664 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Amcor by 39.3% during the third quarter. Franklin Resources Inc. now owns 719,749 shares of the company’s stock worth $8,162,000 after purchasing an additional 203,166 shares during the last quarter. Natixis Advisors LLC grew its position in Amcor by 24.5% in the third quarter. Natixis Advisors LLC now owns 634,631 shares of the company’s stock valued at $7,190,000 after purchasing an additional 124,945 shares in the last quarter. Cerity Partners LLC increased its stake in Amcor by 78.7% in the 3rd quarter. Cerity Partners LLC now owns 217,498 shares of the company’s stock valued at $2,464,000 after buying an additional 95,805 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Amcor during the 3rd quarter worth about $5,919,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Trading Down 2.0 %

AMCR stock opened at $10.02 on Friday. Amcor plc has a one year low of $8.78 and a one year high of $11.48. The stock has a market cap of $14.48 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a fifty day moving average price of $9.76 and a two-hundred day moving average price of $10.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.29 and a quick ratio of 0.74.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. Amcor’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. Equities analysts anticipate that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.1275 per share. The ex-dividend date is Wednesday, February 26th. This represents a $0.51 annualized dividend and a yield of 5.09%. Amcor’s payout ratio is currently 96.23%.

Wall Street Analyst Weigh In

AMCR has been the subject of several analyst reports. UBS Group upgraded Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 27th. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on shares of Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Amcor currently has an average rating of “Moderate Buy” and a consensus price target of $11.46.

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.