Amcor PLC $AMCR Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Amcor PLC (NYSE:AMCR) by 55.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,307,985 shares of the company’s stock after buying an additional 467,065 shares during the period. Rockefeller Capital Management L.P. owned 0.28% of Amcor worth $10,909,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMCR. Dakota Wealth Management raised its holdings in shares of Amcor by 74.6% during the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after acquiring an additional 147,639 shares during the last quarter. PFG Investments LLC acquired a new stake in shares of Amcor in the fourth quarter worth approximately $262,000. Vanguard Group Inc. increased its position in shares of Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after purchasing an additional 1,845,627 shares in the last quarter. Code Waechter LLC increased its position in shares of Amcor by 105.1% during the fourth quarter. Code Waechter LLC now owns 54,113 shares of the company’s stock worth $451,000 after purchasing an additional 27,725 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in Amcor by 64.0% in the 4th quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after purchasing an additional 94,753 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of Amcor stock opened at $41.73 on Thursday. The business’s 50 day moving average price is $39.36 and its 200 day moving average price is $41.93. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 1.22 and a beta of 0.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. Amcor PLC has a one year low of $36.25 and a one year high of $50.94.

Amcor (NYSE:AMCR) last issued its earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the business earned $0.90 EPS. The firm’s quarterly revenue was up 77.4% on a year-over-year basis. On average, research analysts predict that Amcor PLC will post 3.97 EPS for the current year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Thursday, May 28th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.2%. Amcor’s dividend payout ratio is currently 181.82%.

Analyst Ratings Changes

AMCR has been the topic of a number of research reports. Citigroup decreased their price objective on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Amcor in a report on Wednesday, April 1st. They set a “buy” rating and a $50.00 target price for the company. Wells Fargo & Company set a $41.00 price target on shares of Amcor and gave the stock an “equal weight” rating in a research note on Wednesday, May 20th. Truist Financial restated a “buy” rating and set a $51.00 price target (up from $50.00) on shares of Amcor in a research report on Thursday, May 7th. Finally, Weiss Ratings raised shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Amcor Company Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.