Signaturefd LLC Has $49,000 Position in Amcor plc (NYSE:AMCR)

Signaturefd LLC increased its position in shares of Amcor plc (NYSE:AMCR) by 296.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,336 shares of the company’s stock after purchasing an additional 3,242 shares during the period. Signaturefd LLC’s holdings in Amcor were worth $49,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AMCR. Vanguard Group Inc. increased its stake in Amcor by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 56,749,318 shares of the company’s stock worth $539,686,000 after acquiring an additional 1,170,986 shares during the period. M&G Plc increased its stake in Amcor by 2,741.7% during the 2nd quarter. M&G Plc now owns 47,164,358 shares of the company’s stock worth $471,644,000 after acquiring an additional 45,504,608 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Amcor by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,604,159 shares of the company’s stock worth $195,946,000 after acquiring an additional 2,086,698 shares during the period. ProShare Advisors LLC increased its stake in Amcor by 7.8% during the 2nd quarter. ProShare Advisors LLC now owns 19,916,478 shares of the company’s stock worth $194,783,000 after acquiring an additional 1,443,364 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Amcor by 11.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,721,829 shares of the company’s stock worth $143,989,000 after acquiring an additional 1,527,492 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMCR has been the topic of a number of recent research reports. Stifel Nicolaus initiated coverage on Amcor in a research note on Tuesday, July 9th. They set a “hold” rating and a $10.80 price objective on the stock. JPMorgan Chase & Co. lifted their price target on Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Robert W. Baird lifted their price target on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price target on Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Citigroup lifted their price target on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $10.78.

Amcor Trading Down 1.4 %

Shares of AMCR stock opened at $10.93 on Wednesday. The firm has a market capitalization of $15.80 billion, a P/E ratio of 24.29, a P/E/G ratio of 2.72 and a beta of 0.85. Amcor plc has a twelve month low of $8.59 and a twelve month high of $11.48. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 1.67. The stock’s fifty day simple moving average is $11.14 and its 200 day simple moving average is $10.38.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $1.30 billion. Amcor had a return on equity of 25.45% and a net margin of 5.35%. Amcor’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 EPS. As a group, sell-side analysts predict that Amcor plc will post 0.75 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.57%. The ex-dividend date of this dividend was Friday, September 6th. Amcor’s payout ratio is presently 111.11%.

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.