Mutual of America Capital Management LLC Sells 4,835 Shares of Amcor plc (NYSE:AMCR)

Mutual of America Capital Management LLC lowered its holdings in Amcor plc (NYSE:AMCR) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 173,126 shares of the company’s stock after selling 4,835 shares during the period. Mutual of America Capital Management LLC’s holdings in Amcor were worth $1,629,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of AMCR. Barclays PLC lifted its holdings in shares of 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 period. Franklin Resources Inc. lifted its holdings in shares of Amcor by 39.3% during the 3rd quarter. Franklin Resources Inc. now owns 719,749 shares of the company’s stock worth $8,162,000 after acquiring an additional 203,166 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Amcor by 24.5% during the 3rd quarter. Natixis Advisors LLC now owns 634,631 shares of the company’s stock worth $7,190,000 after acquiring an additional 124,945 shares during the period. Cerity Partners LLC lifted its holdings 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 acquiring an additional 95,805 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Amcor during the 3rd quarter worth approximately $5,919,000. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Up 1.7 %

Shares of NYSE AMCR opened at $10.29 on Friday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. Amcor plc has a 52-week low of $8.80 and a 52-week high of $11.48. The firm has a 50 day moving average price of $9.85 and a two-hundred day moving average price of $10.39. The stock has a market cap of $14.87 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the company posted $0.09 EPS. The company’s revenue was down .3% on a year-over-year basis. As a group, equities analysts forecast that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 4.96%. The ex-dividend date is Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is currently 92.73%.

Insider Buying and Selling at Amcor

In other news, Director Achal Agarwal acquired 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $10.10 per share, with a total value of $101,000.00. Following the purchase, the director now owns 88,967 shares in the company, valued at $898,566.70. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMCR shares. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $11.00 to $12.00 in a report on Monday, January 6th. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Bank of America upgraded shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a research report on Wednesday, December 11th. UBS Group upgraded shares of Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amcor has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

About Amcor

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.