Mizuho Markets Americas LLC Sells 132,352 Shares of Amcor plc (NYSE:AMCR)

Mizuho Markets Americas LLC trimmed its stake in Amcor plc (NYSE:AMCR) by 19.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 559,525 shares of the company’s stock after selling 132,352 shares during the period. Mizuho Markets Americas LLC’s holdings in Amcor were worth $6,339,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. M&G Plc increased its position in shares of Amcor by 2,741.7% in the 2nd quarter. M&G Plc now owns 47,164,358 shares of the company’s stock valued at $471,644,000 after acquiring an additional 45,504,608 shares during the period. M&G PLC grew its stake in Amcor by 5.9% during the 3rd quarter. M&G PLC now owns 49,940,152 shares of the company’s stock valued at $549,342,000 after purchasing an additional 2,775,794 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Amcor by 356.1% in the second quarter. AQR Capital Management LLC now owns 2,930,317 shares of the company’s stock valued at $28,659,000 after purchasing an additional 2,287,826 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Amcor by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,604,159 shares of the company’s stock worth $195,946,000 after purchasing an additional 2,086,698 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Amcor by 11.6% during the second quarter. Dimensional Fund Advisors LP now owns 14,721,829 shares of the company’s stock worth $143,989,000 after purchasing an additional 1,527,492 shares during the period. Institutional investors own 45.14% of the company’s stock.

Analyst Ratings Changes

AMCR has been the topic of a number of recent research reports. Robert W. Baird upped their target price on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Wells Fargo & Company upped their price objective on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Citigroup increased their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $10.94.

Amcor Stock Up 0.4 %

Shares of AMCR stock opened at $10.22 on Friday. Amcor plc has a twelve month low of $8.78 and a twelve month high of $11.48. The stock has a market cap of $14.77 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.82 and a beta of 0.85. The stock has a 50 day moving average of $10.92 and a 200 day moving average of $10.49. The company has a current ratio of 1.29, a quick ratio of 0.74 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The business’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. As a group, sell-side analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.1275 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Amcor’s previous quarterly dividend of $0.13. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.99%. Amcor’s dividend payout ratio (DPR) is 94.34%.

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.