Fjarde AP Fonden Fourth Swedish National Pension Fund Buys Shares of 474,500 Amcor plc (NYSE:AMCR)

Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new stake in Amcor plc (NYSE:AMCR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 474,500 shares of the company’s stock, valued at approximately $4,465,000.

A number of other hedge funds also recently made changes to their positions in AMCR. Larson Financial Group LLC boosted its position in Amcor by 3,410.3% during the third quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after acquiring an additional 2,319 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Amcor by 3,794.1% during the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after purchasing an additional 3,225 shares in the last quarter. Signaturefd LLC grew its stake in Amcor by 296.3% during the third quarter. Signaturefd LLC now owns 4,336 shares of the company’s stock worth $49,000 after purchasing an additional 3,242 shares during the period. Covestor Ltd increased its holdings in Amcor by 441.0% in the third quarter. Covestor Ltd now owns 7,963 shares of the company’s stock worth $90,000 after purchasing an additional 6,491 shares in the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Amcor in the third quarter valued at approximately $97,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Up 0.6 %

NYSE AMCR opened at $10.33 on Wednesday. Amcor plc has a 52 week low of $8.80 and a 52 week high of $11.48. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $14.92 billion, a P/E ratio of 18.77, a price-to-earnings-growth ratio of 1.96 and a beta of 0.84. The stock’s 50-day moving average price is $9.74 and its 200-day moving average price is $10.42.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts predict that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th will be paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor’s dividend payout ratio is presently 92.73%.

Analyst Upgrades and Downgrades

AMCR has been the topic of several research analyst reports. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Finally, Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target on the stock in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.46.

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.