Amcor plc (NYSE:AMCR) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in Amcor plc (NYSE:AMCR) by 8.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 519,270 shares of the company’s stock after selling 48,423 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Amcor were worth $5,006,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp boosted its stake in shares of Amcor by 10.2% during the 1st quarter. State Street Corp now owns 112,644,781 shares of the company’s stock valued at $1,276,265,000 after buying an additional 10,472,157 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Amcor by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 56,742,108 shares of the company’s stock valued at $642,887,000 after buying an additional 358,145 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Amcor by 1.9% during the 1st quarter. Geode Capital Management LLC now owns 30,845,588 shares of the company’s stock valued at $350,227,000 after buying an additional 585,881 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Amcor by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock valued at $280,491,000 after buying an additional 594,034 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Amcor by 40.9% during the 1st quarter. Invesco Ltd. now owns 27,078,220 shares of the company’s stock valued at $306,797,000 after buying an additional 7,854,257 shares during the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Performance

Amcor stock opened at $8.94 on Tuesday. The stock has a 50 day moving average of $9.22 and a 200-day moving average of $9.27. Amcor plc has a 52 week low of $8.45 and a 52 week high of $11.18. The stock has a market cap of $12.92 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 9.79 and a beta of 0.78. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.01. Amcor had a return on equity of 24.28% and a net margin of 4.59%. The firm had revenue of $3.25 billion for the quarter, compared to analysts’ expectations of $3.29 billion. On average, analysts expect that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 5.59%. The ex-dividend date was Tuesday, February 27th. Amcor’s dividend payout ratio (DPR) is presently 113.64%.

Amcor Company 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.