GAMMA Investing LLC Buys Shares of 11,687 Amcor plc (NYSE:AMCR)

GAMMA Investing LLC bought a new stake in Amcor plc (NYSE:AMCR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,687 shares of the company’s stock, valued at approximately $110,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Signaturefd LLC grew its stake in Amcor by 1,619.5% in the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after purchasing an additional 3,077 shares in the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Amcor during the 3rd quarter worth about $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Amcor during the 4th quarter worth about $40,000. Loomis Sayles & Co. L P boosted its stake in shares of Amcor by 48.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock worth $41,000 after acquiring an additional 1,445 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in shares of Amcor during the 3rd quarter worth about $46,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

AMCR opened at $8.97 on Monday. The company has a market cap of $12.96 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 9.86 and a beta of 0.78. The stock has a 50-day moving average of $9.19 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 $11.09. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25.

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, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. As a group, equities research analysts forecast that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.57%. Amcor’s dividend payout ratio is 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.