TRUE Private Wealth Advisors Buys New Shares in Amcor plc (NYSE:AMCR)

TRUE Private Wealth Advisors bought a new stake in Amcor plc (NYSE:AMCR) in the 4th quarter, Holdings Channel reports. The firm bought 10,777 shares of the company’s stock, valued at approximately $104,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Amcor by 1.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 48,176 shares of the company’s stock worth $517,000 after buying an additional 857 shares in the last quarter. Wealth Alliance lifted its holdings in shares of Amcor by 1.9% during the fourth quarter. Wealth Alliance now owns 55,592 shares of the company’s stock worth $536,000 after buying an additional 1,061 shares in the last quarter. IHT Wealth Management LLC raised its stake in Amcor by 5.7% in the second quarter. IHT Wealth Management LLC now owns 19,704 shares of the company’s stock valued at $197,000 after purchasing an additional 1,064 shares in the last quarter. Captrust Financial Advisors raised its stake in Amcor by 4.5% in the second quarter. Captrust Financial Advisors now owns 25,609 shares of the company’s stock valued at $256,000 after purchasing an additional 1,098 shares in the last quarter. Finally, Utah Retirement Systems raised its stake in Amcor by 1.4% in the fourth quarter. Utah Retirement Systems now owns 80,500 shares of the company’s stock valued at $959,000 after purchasing an additional 1,100 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

Amcor Stock Up 0.8 %

AMCR stock opened at $8.90 on Friday. The company has a market cap of $12.86 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 9.71 and a beta of 0.78. The business has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $9.26. Amcor plc has a 52 week low of $8.45 and a 52 week high of $11.17. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $3.25 billion during 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%. Sell-side analysts anticipate that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) is presently 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.