Eudaimonia Partners LLC Sells 14,360 Shares of Amcor plc (NYSE:AMCR)

Eudaimonia Partners LLC reduced its stake in Amcor plc (NYSE:AMCRGet Rating) by 43.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,875 shares of the company’s stock after selling 14,360 shares during the period. Eudaimonia Partners LLC’s holdings in Amcor were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Ieq Capital LLC grew its stake in shares of Amcor by 8.9% in the 2nd quarter. Ieq Capital LLC now owns 17,468 shares of the company’s stock valued at $217,000 after purchasing an additional 1,426 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Amcor by 8.5% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,483,868 shares of the company’s stock worth $58,842,000 after acquiring an additional 430,241 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Amcor by 9.9% in the 3rd quarter. Fifth Third Bancorp now owns 41,639 shares of the company’s stock worth $447,000 after acquiring an additional 3,755 shares in the last quarter. FDx Advisors Inc. boosted its holdings in shares of Amcor by 34.9% in the 2nd quarter. FDx Advisors Inc. now owns 73,595 shares of the company’s stock worth $915,000 after acquiring an additional 19,050 shares in the last quarter. Finally, Venture Visionary Partners LLC acquired a new position in shares of Amcor in the 2nd quarter worth approximately $72,000. 46.79% of the stock is currently owned by institutional investors.

Amcor Stock Down 2.2 %

NYSE:AMCR opened at $11.74 on Wednesday. The stock’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $11.95. Amcor plc has a 52-week low of $10.42 and a 52-week high of $13.60. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.71 and a current ratio of 1.27. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 20.96, a P/E/G ratio of 3.83 and a beta of 0.79.

Amcor (NYSE:AMCRGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Amcor had a return on equity of 28.47% and a net margin of 5.63%. The firm had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.58 billion. On average, analysts anticipate that Amcor plc will post 0.78 EPS for the current year.

Amcor Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 23rd were paid a $0.1225 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $0.49 dividend on an annualized basis and a dividend yield of 4.17%. This is an increase from Amcor’s previous quarterly dividend of $0.12. Amcor’s dividend payout ratio is 87.50%.

Insider Activity

In other news, Director Nicholas T. Long sold 5,372 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $12.40, for a total value of $66,612.80. Following the transaction, the director now owns 29,769 shares of the company’s stock, valued at approximately $369,135.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Nicholas T. Long sold 5,372 shares of the stock in a transaction on Monday, December 12th. The stock was sold at an average price of $12.40, for a total value of $66,612.80. Following the transaction, the director now owns 29,769 shares of the company’s stock, valued at approximately $369,135.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Louis Fred Stephan sold 497,022 shares of the stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $11.98, for a total value of $5,954,323.56. Following the completion of the transaction, the insider now directly owns 112,464 shares in the company, valued at approximately $1,347,318.72. The disclosure for this sale can be found here. Insiders have sold a total of 1,080,955 shares of company stock valued at $13,145,237 in the last 90 days. 0.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on AMCR shares. JPMorgan Chase & Co. downgraded Amcor from an “overweight” rating to a “neutral” rating and set a $11.70 target price on the stock. in a report on Tuesday. TheStreet raised Amcor from a “c+” rating to a “b-” rating in a report on Thursday, November 10th. Finally, Bank of America raised Amcor from an “underperform” rating to a “buy” rating in a report on Thursday, October 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.00.

Amcor Company Profile

(Get Rating)

Amcor Plc operates as a holding company, which engages in the consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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