Verdence Capital Advisors LLC Cuts Stake in Amcor plc (NYSE:AMCR)

Verdence Capital Advisors LLC lowered its stake in shares of Amcor plc (NYSE:AMCR) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,533 shares of the company’s stock after selling 17,952 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Amcor were worth $400,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Alliance raised its stake in shares of Amcor by 1.9% in the fourth quarter. Wealth Alliance now owns 55,592 shares of the company’s stock valued at $536,000 after buying an additional 1,061 shares during the period. Financial & Tax Architects LLC lifted its holdings in Amcor by 4.5% during the third quarter. Financial & Tax Architects LLC now owns 27,018 shares of the company’s stock valued at $247,000 after purchasing an additional 1,163 shares during the last quarter. Global Retirement Partners LLC lifted its holdings in Amcor by 17.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,397 shares of the company’s stock valued at $80,000 after purchasing an additional 1,222 shares during the last quarter. Park Avenue Securities LLC boosted its position in Amcor by 3.9% during the third quarter. Park Avenue Securities LLC now owns 34,023 shares of the company’s stock worth $312,000 after purchasing an additional 1,279 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in shares of Amcor by 9.8% in the third quarter. Coldstream Capital Management Inc. now owns 14,643 shares of the company’s stock worth $134,000 after purchasing an additional 1,303 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of AMCR stock opened at $9.03 on Tuesday. The firm’s 50 day moving average is $9.19 and its 200 day moving average is $9.27. The stock has a market capitalization of $13.05 billion, a P/E ratio of 20.52, a PEG ratio of 9.86 and a beta of 0.78. Amcor plc has a 12 month low of $8.45 and a 12 month high of $11.11. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. The firm had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. On average, sell-side analysts anticipate that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s payout ratio is presently 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.