Everence Capital Management Inc. Increases Stake in Amcor plc (NYSE:AMCR)

Everence Capital Management Inc. increased its stake in Amcor plc (NYSE:AMCR) by 109.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,400 shares of the company’s stock after buying an additional 60,710 shares during the period. Everence Capital Management Inc.’s holdings in Amcor were worth $1,122,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Money Concepts Capital Corp bought a new stake in shares of Amcor in the 4th quarter valued at about $31,000. Clear Street Markets LLC raised its holdings in shares of Amcor by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 2,913 shares of the company’s stock valued at $33,000 after purchasing an additional 1,408 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Amcor by 1,619.5% in the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after purchasing an additional 3,077 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Amcor by 99.6% in the 3rd quarter. Quent Capital LLC now owns 3,814 shares of the company’s stock valued at $35,000 after purchasing an additional 1,903 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Amcor in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Trading Down 1.3 %

NYSE:AMCR opened at $8.83 on Wednesday. Amcor plc has a one year low of $8.45 and a one year high of $11.18. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. The firm has a market cap of $12.76 billion, a P/E ratio of 20.06, a P/E/G ratio of 9.83 and a beta of 0.78. The firm has a 50-day simple moving average of $9.21 and a 200-day simple moving average of $9.27.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.15 by $0.01. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Equities analysts anticipate that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s payout ratio is currently 113.64%.

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.