Caprock Group LLC Has $171,000 Holdings in Amcor plc (NYSE:AMCR)

Caprock Group LLC lowered its position in shares of Amcor plc (NYSE:AMCR) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,158 shares of the company’s stock after selling 2,261 shares during the quarter. Caprock Group LLC’s holdings in Amcor were worth $171,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Barclays PLC increased its stake in Amcor by 31.8% during the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company’s stock valued at $51,484,000 after purchasing an additional 1,096,664 shares in the last quarter. Franklin Resources Inc. grew its position in Amcor by 39.3% in the 3rd 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 in the last quarter. Natixis Advisors LLC increased its stake in Amcor by 24.5% in the 3rd quarter. Natixis Advisors LLC now owns 634,631 shares of the company’s stock valued at $7,190,000 after buying an additional 124,945 shares during the last quarter. Cerity Partners LLC lifted its position in shares of Amcor by 78.7% during the 3rd quarter. Cerity Partners LLC now owns 217,498 shares of the company’s stock worth $2,464,000 after buying an additional 95,805 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Amcor in the 3rd quarter worth approximately $5,919,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

Shares of AMCR opened at $10.03 on Friday. The firm has a market cap of $14.50 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.86 and a beta of 0.84. 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 plc has a 1 year low of $8.78 and a 1 year high of $11.48. The stock has a 50 day simple moving average of $9.76 and a two-hundred day simple moving average of $10.44.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The business’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.09 earnings per share. On average, analysts forecast that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 5.08%. Amcor’s dividend payout ratio is presently 92.73%.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of recent analyst reports. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and lifted their target price for the stock 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 report on Wednesday, November 27th. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lifted their target price on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Three 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. Based on data from MarketBeat, Amcor currently has an average rating of “Moderate Buy” and a consensus target price 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.