Epoch Investment Partners Inc. Sells 21,828 Shares of Amcor plc (NYSE:AMCR)

Epoch Investment Partners Inc. decreased its position in shares of Amcor plc (NYSE:AMCRGet Rating) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,783,447 shares of the company’s stock after selling 21,828 shares during the period. Epoch Investment Partners Inc. owned 0.12% of Amcor worth $21,419,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMCR. Eagle Bay Advisors LLC bought a new stake in Amcor during the 3rd quarter worth approximately $31,000. Baystate Wealth Management LLC bought a new stake in shares of Amcor during the fourth quarter valued at approximately $36,000. Concord Wealth Partners raised its position in shares of Amcor by 111.7% during the fourth quarter. Concord Wealth Partners now owns 3,118 shares of the company’s stock valued at $37,000 after buying an additional 1,645 shares during the last quarter. CWM LLC bought a new stake in shares of Amcor during the fourth quarter valued at approximately $43,000. Finally, MV Capital Management Inc. raised its position in shares of Amcor by 663.6% during the fourth quarter. MV Capital Management Inc. now owns 4,200 shares of the company’s stock valued at $50,000 after buying an additional 3,650 shares during the last quarter. Institutional investors own 43.56% of the company’s stock.

AMCR has been the topic of several recent analyst reports. TheStreet upgraded shares of Amcor from a “c” rating to a “b” rating in a research report on Friday, May 13th. Bank of America cut shares of Amcor from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $13.40 to $12.30 in a research report on Friday, March 25th. Finally, Truist Financial assumed coverage on shares of Amcor in a report on Friday, March 25th. They issued a “hold” rating and a $12.00 target price for the company. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $12.76.

In other news, VP Julie Marie Sorrells sold 17,283 shares of the business’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $12.55, for a total transaction of $216,901.65. Following the completion of the sale, the vice president now directly owns 20,733 shares of the company’s stock, valued at $260,199.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ian Wilson sold 54,060 shares of the business’s stock in a transaction on Friday, May 6th. The shares were sold at an average price of $12.64, for a total transaction of $683,318.40. Following the sale, the executive vice president now directly owns 150,138 shares of the company’s stock, valued at $1,897,744.32. The disclosure for this sale can be found here. Insiders have sold 917,850 shares of company stock valued at $11,616,999 over the last ninety days. 0.28% of the stock is owned by insiders.

NYSE AMCR opened at $12.93 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.39 and a debt-to-equity ratio of 1.57. The company has a fifty day moving average of $11.92 and a two-hundred day moving average of $11.84. The firm has a market capitalization of $19.43 billion, a price-to-earnings ratio of 20.85, a PEG ratio of 1.63 and a beta of 0.78. Amcor plc has a 52 week low of $10.66 and a 52 week high of $13.37.

Amcor (NYSE:AMCRGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.20 EPS for the quarter, hitting the consensus estimate of $0.20. The company had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.40 billion. Amcor had a net margin of 6.75% and a return on equity of 26.05%. Amcor’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities research analysts anticipate that Amcor plc will post 0.81 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 14th. Shareholders of record on Wednesday, May 25th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, May 24th. Amcor’s payout ratio is 77.42%.

Amcor Profile (Get Rating)

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.

See Also

Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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