D. E. Shaw & Co. Inc. Invests $75.90 Million in Amcor plc (NYSE:AMCR)

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D. E. Shaw & Co. Inc. purchased a new position in shares of Amcor plc (NYSE:AMCR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,605,754 shares of the company’s stock, valued at approximately $75,901,000. D. E. Shaw & Co. Inc. owned 0.41% of Amcor as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Amcor during the second quarter worth $745,182,000. Vanguard Group Inc. acquired a new position in Amcor in the second quarter valued at $652,670,000. Invesco Ltd. acquired a new position in Amcor in the second quarter valued at $454,432,000. Charles Schwab Investment Management Inc. acquired a new position in Amcor in the second quarter valued at $142,713,000. Finally, Northern Trust Corp acquired a new position in Amcor in the second quarter valued at $129,824,000. Institutional investors own 26.38% of the company’s stock.

AMCR traded down $0.13 during midday trading on Friday, reaching $9.66. The company had a trading volume of 12,690,090 shares, compared to its average volume of 5,262,537. The company has a current ratio of 1.15, a quick ratio of 0.72 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $15.97 billion, a PE ratio of 17.70 and a beta of 0.78. Amcor plc has a 12-month low of $8.75 and a 12-month high of $11.77. The business’s 50-day moving average price is $9.98.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Wednesday, September 11th will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date of this dividend is Tuesday, September 10th. Amcor’s payout ratio is 78.69%.

AMCR has been the topic of several recent analyst reports. Goldman Sachs Group initiated coverage on shares of Amcor in a report on Wednesday, June 12th. They issued a “sell” rating on the stock. Citigroup assumed coverage on shares of Amcor in a research report on Thursday, June 20th. They set a “buy” rating and a $13.00 target price for the company.

In other Amcor news, insider Louis Fred Stephan sold 69,787 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $10.27, for a total value of $716,712.49. 0.91% of the stock is owned by insiders.

About Amcor

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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