Sumitomo Mitsui DS Asset Management Company Ltd Has $2.38 Million Position in Amcor plc (NYSE:AMCR)

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Amcor plc (NYSE:AMCR) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 246,555 shares of the company’s stock after purchasing an additional 27,077 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Amcor were worth $2,377,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AMCR. Signaturefd LLC raised its stake in Amcor by 1,619.5% during the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after purchasing an additional 3,077 shares during the period. Cary Street Partners Investment Advisory LLC acquired a new stake in Amcor during the 3rd quarter valued at $38,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Amcor during the 4th quarter valued at $40,000. Loomis Sayles & Co. L P raised its stake in 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 purchasing an additional 1,445 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in Amcor during the 3rd quarter valued at $46,000. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Price Performance

Shares of NYSE:AMCR opened at $8.98 on Wednesday. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.11. 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 company has a market cap of $12.98 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 9.86 and a beta of 0.78. The company’s fifty day moving average is $9.19 and its two-hundred 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 for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Equities analysts expect that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) is presently 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.