Fjarde AP Fonden Fourth Swedish National Pension Fund Invests $3.65 Million in Amcor PLC $AMCR

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new position in shares of Amcor PLC (NYSE:AMCR) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 91,899 shares of the company’s stock, valued at approximately $3,653,000.

Other institutional investors also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc bought a new position in Amcor in the first quarter worth about $25,000. DV Equities LLC bought a new stake in shares of Amcor in the 4th quarter valued at about $27,000. Brown Lisle Cummings Inc. grew its position in shares of Amcor by 137.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after buying an additional 2,000 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Amcor by 46.1% in the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after buying an additional 1,257 shares during the last quarter. Finally, N.E.W. Advisory Services LLC raised its stake in shares of Amcor by 10.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 0.7%

NYSE:AMCR opened at $44.67 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. Amcor PLC has a twelve month low of $36.25 and a twelve month high of $50.94. The company has a market cap of $20.65 billion, a PE ratio of 31.24, a P/E/G ratio of 1.27 and a beta of 0.62. The company’s 50 day moving average is $39.75 and its two-hundred day moving average is $42.05.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.71 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business’s revenue for the quarter was up 77.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 earnings per share. Analysts anticipate that Amcor PLC will post 3.97 EPS for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 5.8%. The ex-dividend date was Thursday, May 28th. Amcor’s payout ratio is presently 181.82%.

Analyst Upgrades and Downgrades

AMCR has been the subject of a number of analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Citigroup reduced their price target on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Weiss Ratings upgraded Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wells Fargo & Company set a $41.00 price objective on Amcor and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Amcor presently has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Amcor 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.