Amcor plc (NYSE:AMCR) Holdings Decreased by Stevens Capital Management LP

Stevens Capital Management LP trimmed its position in Amcor plc (NYSE:AMCR) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,076 shares of the company’s stock after selling 2,078 shares during the quarter. Stevens Capital Management LP’s holdings in Amcor were worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC grew its stake in shares of Amcor by 1,619.5% in the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after purchasing an additional 3,077 shares in the last quarter. Cary Street Partners Investment Advisory LLC acquired a new position in Amcor in the 3rd quarter worth about $38,000. McGlone Suttner Wealth Management Inc. acquired a new position in Amcor in the 4th quarter worth about $40,000. Loomis Sayles & Co. L P increased its holdings in shares of 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 last quarter. Finally, Sunbelt Securities Inc. acquired a new position in shares of Amcor during the 3rd quarter valued at about $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Performance

Shares of AMCR stock traded up $0.02 during mid-day trading on Friday, reaching $8.97. The stock had a trading volume of 5,732,954 shares, compared to its average volume of 8,457,227. 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 firm has a market cap of $12.96 billion, a PE ratio of 20.36, a P/E/G ratio of 9.96 and a beta of 0.78. Amcor plc has a one year low of $8.45 and a one year high of $11.09. The firm’s 50 day simple moving average is $9.19 and its 200 day simple moving average is $9.27.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.29 billion. On average, analysts forecast that Amcor plc will post 0.68 EPS for the current year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.58%. Amcor’s dividend payout ratio is 113.64%.

Amcor Company 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.