Diversified Trust Co Buys New Stake in Amcor plc (NYSE:AMCR)

Diversified Trust Co bought a new stake in shares of Amcor plc (NYSE:AMCR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,713 shares of the company’s stock, valued at approximately $150,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TRUE Private Wealth Advisors purchased a new position in Amcor during the third quarter valued at $319,000. Janney Montgomery Scott LLC grew its stake in Amcor by 17.8% during the third quarter. Janney Montgomery Scott LLC now owns 198,030 shares of the company’s stock valued at $2,188,000 after acquiring an additional 29,976 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. grew its stake in Amcor by 90.6% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,345,087 shares of the company’s stock valued at $14,863,000 after acquiring an additional 639,209 shares in the last quarter. Amalgamated Bank purchased a new position in Amcor during the third quarter valued at $1,008,000. Finally, IBM Retirement Fund grew its stake in Amcor by 36.9% during the third quarter. IBM Retirement Fund now owns 51,348 shares of the company’s stock valued at $567,000 after acquiring an additional 13,852 shares in the last quarter. 34.95% of the stock is owned by institutional investors.

Several research firms recently weighed in on AMCR. Seaport Global Securities assumed coverage on shares of Amcor in a research note on Wednesday, October 14th. They set a “neutral” rating for the company. Smith Barney Citigroup cut shares of Amcor from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 5th. Zacks Investment Research cut shares of Amcor from a “hold” rating to a “sell” rating in a research note on Tuesday. Bank of America cut shares of Amcor from a “neutral” rating to an “underperform” rating and set a $12.90 price objective for the company. in a research note on Tuesday, November 24th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a “neutral” rating and issued a $13.00 price objective on shares of Amcor in a research note on Tuesday, January 5th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $12.81.

AMCR stock opened at $11.43 on Thursday. Amcor plc has a 12 month low of $5.80 and a 12 month high of $12.40. The company has a current ratio of 1.27, a quick ratio of 0.78 and a debt-to-equity ratio of 1.34. The company has a 50-day moving average price of $11.55 and a 200 day moving average price of $11.15. The stock has a market cap of $17.93 billion, a PE ratio of 17.86, a P/E/G ratio of 2.10 and a beta of 0.80.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Amcor had a net margin of 6.00% and a return on equity of 18.75%. The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.12 billion. During the same period in the previous year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Sell-side analysts forecast that Amcor plc will post 0.71 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 15th. Investors of record on Tuesday, November 24th were paid a dividend of $0.117 per share. The ex-dividend date of this dividend was Monday, November 23rd. This is a boost from Amcor’s previous quarterly dividend of $0.12. This represents a $0.47 dividend on an annualized basis and a dividend yield of 4.09%. Amcor’s payout ratio is currently 73.44%.

Amcor Profile

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.

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