Yousif Capital Management LLC Has $6.68 Million Holdings in Amcor plc (NYSE:AMCR)

Yousif Capital Management LLC trimmed its holdings in Amcor plc (NYSE:AMCR) by 14.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 709,593 shares of the company’s stock after selling 119,332 shares during the period. Yousif Capital Management LLC’s holdings in Amcor were worth $6,677,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Barclays PLC increased its stake in Amcor by 31.8% during the 3rd quarter. Barclays PLC now owns 4,544,118 shares of the company’s stock worth $51,484,000 after acquiring an additional 1,096,664 shares during the period. Franklin Resources Inc. grew its holdings in shares of Amcor by 39.3% during the 3rd quarter. Franklin Resources Inc. now owns 719,749 shares of the company’s stock worth $8,162,000 after purchasing an additional 203,166 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Amcor by 24.5% in the third quarter. Natixis Advisors LLC now owns 634,631 shares of the company’s stock worth $7,190,000 after purchasing an additional 124,945 shares during the period. Cerity Partners LLC raised its stake in Amcor by 78.7% in the third quarter. Cerity Partners LLC now owns 217,498 shares of the company’s stock valued at $2,464,000 after purchasing an additional 95,805 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Amcor during the third quarter worth about $5,919,000. 45.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on AMCR shares. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a research report on Monday. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and upped their target price for the stock from $10.00 to $12.00 in a research note on Monday, January 6th. Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Finally, Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective on the stock in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amcor has a consensus rating of “Moderate Buy” and an average price target of $11.46.

Amcor Trading Down 2.0 %

Shares of AMCR stock opened at $10.02 on Friday. Amcor plc has a twelve month low of $8.78 and a twelve month high of $11.48. The stock’s fifty day simple moving average is $9.76 and its 200 day simple moving average is $10.44. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $14.48 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.86 and a beta of 0.84.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, sell-side analysts predict that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is currently 96.23%.

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.