Xponance Inc. Sells 19,787 Shares of Amcor plc (NYSE:AMCR)

Xponance Inc. trimmed its stake in shares of Amcor plc (NYSE:AMCR) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 198,537 shares of the company’s stock after selling 19,787 shares during the quarter. Xponance Inc.’s holdings in Amcor were worth $1,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC increased its stake in Amcor by 1,619.5% in the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after acquiring an additional 3,077 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in Amcor during the 3rd quarter valued at about $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Amcor during the 4th quarter valued at about $40,000. Loomis Sayles & Co. L P boosted its holdings 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 acquiring an additional 1,445 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in Amcor in the 3rd quarter worth approximately $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Trading Down 0.6 %

NYSE AMCR opened at $8.98 on Wednesday. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.11. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. The stock has a 50 day simple moving average of $9.19 and a two-hundred day simple moving average of $9.27. The stock 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.

Amcor (NYSE:AMCR) last announced its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Amcor had a return on equity of 24.28% and a net margin of 4.59%. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. On average, analysts forecast that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 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.