Epoch Investment Partners Inc. Has $12.28 Million Holdings in Amcor plc (NYSE:AMCR)

Epoch Investment Partners Inc. trimmed its position in Amcor plc (NYSE:AMCRFree Report) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,273,430 shares of the company’s stock after selling 68,737 shares during the period. Epoch Investment Partners Inc. owned 0.09% of Amcor worth $12,276,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Amcor by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock valued at $517,349,000 after acquiring an additional 325,747 shares during the period. Federated Hermes Inc. raised its position in Amcor by 1.9% during the 4th quarter. Federated Hermes Inc. now owns 25,391,765 shares of the company’s stock worth $244,777,000 after purchasing an additional 468,883 shares during the last quarter. American Century Companies Inc. lifted its holdings in Amcor by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 22,830,158 shares of the company’s stock worth $209,124,000 after buying an additional 748,138 shares during the period. Invesco Ltd. lifted its holdings in Amcor by 14.9% during the 3rd quarter. Invesco Ltd. now owns 20,531,344 shares of the company’s stock worth $188,067,000 after buying an additional 2,664,715 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Amcor by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 12,730,444 shares of the company’s stock valued at $122,735,000 after buying an additional 1,101,845 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Down 1.5 %

AMCR stock traded down $0.15 during midday trading on Friday, hitting $10.01. The stock had a trading volume of 5,692,216 shares, compared to its average volume of 8,971,801. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 1.76. The firm has a market cap of $14.47 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 5.55 and a beta of 0.85. The business has a fifty day moving average price of $9.64 and a two-hundred day moving average price of $9.50. Amcor plc has a 1-year low of $8.45 and a 1-year high of $10.51.

Amcor (NYSE:AMCRGet Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Amcor had a return on equity of 24.66% and a net margin of 4.75%. The company had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.49 billion. During the same period in the previous year, the business earned $0.18 EPS. The firm’s revenue was down 7.0% compared to the same quarter last year. On average, sell-side analysts predict that Amcor plc will post 0.7 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Wednesday, May 22nd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.50 annualized dividend and a dividend yield of 5.00%. Amcor’s dividend payout ratio is currently 111.11%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

Check Out Our Latest Research Report on Amcor

Amcor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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