Barclays PLC Has $39.88 Million Stock Position in Amcor plc (NYSE:AMCR)

Barclays PLC cut its stake in shares of Amcor plc (NYSE:AMCR) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,237,657 shares of the company’s stock after selling 306,461 shares during the period. Barclays PLC’s holdings in Amcor were worth $39,876,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AMCR. Vanguard Group Inc. boosted its holdings in Amcor by 2.2% during the fourth quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company’s stock worth $555,064,000 after buying an additional 1,249,868 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amcor by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,052,929 shares of the company’s stock worth $433,358,000 after acquiring an additional 2,862,471 shares during the last quarter. Geode Capital Management LLC grew its holdings in Amcor by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 36,856,793 shares of the company’s stock valued at $345,952,000 after purchasing an additional 539,756 shares during the period. Invesco Ltd. increased its stake in Amcor by 16.0% in the fourth quarter. Invesco Ltd. now owns 30,425,121 shares of the company’s stock valued at $286,300,000 after purchasing an additional 4,199,209 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in Amcor by 25.1% in the fourth quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company’s stock worth $263,215,000 after purchasing an additional 5,614,233 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Achal Agarwal bought 10,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the purchase, the director now owns 88,967 shares in the company, valued at $898,566.70. This represents a 12.66 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $11.00 to $12.00 in a report on Monday, January 6th. Finally, Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor Price Performance

AMCR stock opened at $9.38 on Friday. The stock has a 50-day moving average price of $9.74 and a two-hundred day moving average price of $10.05. Amcor plc has a 1 year low of $8.37 and a 1 year high of $11.48. The stock has a market cap of $13.55 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 1.96 and a beta of 0.78. 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 (NYSE:AMCR) last announced its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. Amcor’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. Equities analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.44%. The ex-dividend date was Wednesday, February 26th. Amcor’s dividend payout ratio is presently 92.73%.

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.