WealthTrust Axiom LLC Increases Stock Position in Amcor plc (NYSE:AMCR)

WealthTrust Axiom LLC boosted its position in shares of Amcor plc (NYSE:AMCR) by 16.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,507 shares of the company’s stock after acquiring an additional 14,100 shares during the quarter. WealthTrust Axiom LLC’s holdings in Amcor were worth $940,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Certuity LLC bought a new position in shares of Amcor during the 4th quarter valued at approximately $102,000. Kestra Private Wealth Services LLC purchased a new position in Amcor during the fourth quarter valued at approximately $108,000. Altrius Capital Management Inc lifted its holdings in Amcor by 0.8% during the fourth quarter. Altrius Capital Management Inc now owns 672,544 shares of the company’s stock valued at $6,483,000 after purchasing an additional 5,170 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Amcor during the fourth quarter valued at approximately $102,000. Finally, Russell Investments Group Ltd. lifted its holdings in Amcor by 20.5% during the fourth quarter. Russell Investments Group Ltd. now owns 728,292 shares of the company’s stock valued at $7,024,000 after purchasing an additional 124,027 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

Shares of AMCR stock traded down $0.12 during mid-day trading on Tuesday, hitting $8.93. The company had a trading volume of 5,948,813 shares, compared to its average volume of 8,422,593. Amcor plc has a 52-week low of $8.45 and a 52-week high of $11.09. The stock’s 50 day moving average price is $9.19 and its 200-day moving average price is $9.27. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71. The company has a market capitalization of $12.91 billion, a P/E ratio of 20.55, a P/E/G ratio of 9.86 and a beta of 0.78.

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

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) is 113.64%.

About Amcor

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.