Mn Services Vermogensbeheer B.V. Raises Stake in Amcor plc (NYSE:AMCR)

Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Amcor plc (NYSE:AMCR) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 586,437 shares of the company’s stock after purchasing an additional 30,300 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Amcor were worth $5,518,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. New York Life Investment Management LLC boosted its holdings in Amcor by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 195,714 shares of the company’s stock worth $1,842,000 after buying an additional 1,507 shares in the last quarter. FourThought Financial Partners LLC purchased a new stake in Amcor during the fourth quarter worth about $121,000. Blackhawk Capital Partners LLC. boosted its holdings in Amcor by 20.2% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 228,998 shares of the company’s stock worth $2,155,000 after buying an additional 38,538 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Amcor during the fourth quarter worth about $4,465,000. Finally, Howard Capital Management Inc. purchased a new stake in Amcor during the fourth quarter worth about $238,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

AMCR has been the topic of a number of research analyst reports. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Truist Financial raised shares of Amcor from a “hold” rating to a “buy” rating and upped their price target for the company from $10.00 to $12.00 in a report on Monday, January 6th. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and upped their price target for the company from $11.00 to $12.00 in a report on Monday, January 6th. Finally, UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and an average target price of $11.46.

Amcor Price Performance

Shares of AMCR stock opened at $10.11 on Friday. The company has a market capitalization of $14.61 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84. The firm has a fifty day simple moving average of $9.78 and a 200-day simple moving average of $10.41. 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 plc has a twelve month low of $8.80 and a twelve month high of $11.48.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting analysts’ consensus estimates of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm posted $0.09 EPS. The firm’s revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.1275 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.05%. Amcor’s dividend payout ratio (DPR) is 92.73%.

Amcor 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.