Savant Capital LLC Sells 122,879 Shares of Amcor plc (NYSE:AMCR)

Savant Capital LLC cut its position in Amcor plc (NYSE:AMCR) by 85.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 20,274 shares of the company’s stock after selling 122,879 shares during the period. Savant Capital LLC’s holdings in Amcor were worth $191,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMCR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Amcor by 275.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,613,469 shares of the company’s stock valued at $74,931,000 after acquiring an additional 4,851,222 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Amcor by 39,411.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,811,600 shares of the company’s stock valued at $31,855,000 after acquiring an additional 2,804,484 shares in the last quarter. M&G PLC increased its holdings in shares of Amcor by 5.9% during the third quarter. M&G PLC now owns 49,940,152 shares of the company’s stock valued at $549,342,000 after acquiring an additional 2,775,794 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Amcor by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 43,190,458 shares of the company’s stock valued at $489,348,000 after acquiring an additional 1,960,308 shares in the last quarter. Finally, KBC Group NV increased its holdings in shares of Amcor by 94.8% during the third quarter. KBC Group NV now owns 2,940,184 shares of the company’s stock valued at $33,312,000 after acquiring an additional 1,430,545 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Trading Up 0.2 %

Amcor stock opened at $10.20 on Thursday. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a 12 month low of $8.80 and a 12 month high of $11.48. The stock’s 50 day simple moving average is $9.71 and its two-hundred day simple moving average is $10.42. The firm has a market cap of $14.74 billion, a PE ratio of 18.54, a P/E/G ratio of 1.93 and a beta of 0.84.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the prior year, the firm posted $0.09 EPS. The business’s quarterly revenue was down .3% compared to the same quarter last year. Analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.51 annualized dividend and a yield of 5.00%. Amcor’s dividend payout ratio is presently 92.73%.

Analyst Upgrades and Downgrades

AMCR has been the topic of several recent analyst reports. Truist Financial upgraded shares of Amcor from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.00 to $12.00 in a report on Monday, January 6th. Macquarie upgraded shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. UBS Group upgraded shares of Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Citigroup upgraded shares of Amcor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $12.00 in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.