8,665 Shares in Amcor plc (NYSE:AMCR) Acquired by Mather Group LLC.

Mather Group LLC. purchased a new stake in Amcor plc (NYSE:AMCR) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,665 shares of the company’s stock, valued at approximately $84,000.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 acquiring an additional 325,747 shares during the period. Federated Hermes Inc. boosted its stake in shares of Amcor by 1.9% in the 4th quarter. Federated Hermes Inc. now owns 25,391,765 shares of the company’s stock valued at $244,777,000 after purchasing an additional 468,883 shares during the last quarter. American Century Companies Inc. increased its position in shares of Amcor by 3.4% during the third quarter. American Century Companies Inc. now owns 22,830,158 shares of the company’s stock worth $209,124,000 after buying an additional 748,138 shares during the period. Wellington Management Group LLP bought a new position in Amcor during the fourth quarter worth $155,438,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Amcor by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,730,444 shares of the company’s stock valued at $122,735,000 after buying an additional 1,101,845 shares during the period. Institutional investors own 45.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price objective on Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

Amcor Stock Performance

NYSE:AMCR opened at $9.95 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76. Amcor plc has a twelve month low of $8.45 and a twelve month high of $10.51. The company has a fifty day moving average of $9.80 and a 200-day moving average of $9.54. The firm has a market capitalization of $14.38 billion, a P/E ratio of 22.11, a P/E/G ratio of 5.38 and a beta of 0.85.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was down 7.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Amcor plc will post 0.7 EPS for the current year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 22nd were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $0.50 annualized dividend and a yield of 5.03%. Amcor’s payout ratio is currently 111.11%.

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.