Linden Thomas Advisory Services LLC Has $1.23 Million Stake in Amcor plc (NYSE:AMCR)

Linden Thomas Advisory Services LLC raised its position in shares of Amcor plc (NYSE:AMCR) by 3.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 127,632 shares of the company’s stock after acquiring an additional 3,780 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Amcor were worth $1,230,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in shares of Amcor by 19.9% in the third quarter. CWM LLC now owns 9,872 shares of the company’s stock valued at $90,000 after purchasing an additional 1,636 shares in the last quarter. Hartford Investment Management Co. acquired a new stake in shares of Amcor in the third quarter valued at approximately $917,000. DAVENPORT & Co LLC increased its holdings in shares of Amcor by 1.1% in the third quarter. DAVENPORT & Co LLC now owns 213,940 shares of the company’s stock valued at $1,960,000 after purchasing an additional 2,358 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Amcor in the third quarter valued at approximately $99,000. Finally, WASHINGTON TRUST Co increased its holdings in shares of Amcor by 2.0% in the third quarter. WASHINGTON TRUST Co now owns 810,956 shares of the company’s stock valued at $7,428,000 after purchasing an additional 16,241 shares in 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 $9.06 on Thursday. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.25 and a quick ratio of 0.71. The firm has a market cap of $13.09 billion, a P/E ratio of 20.58, a P/E/G ratio of 9.87 and a beta of 0.78. The firm has a 50 day simple moving average of $9.19 and a 200 day simple moving average of $9.27. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.09.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. Sell-side analysts predict that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were paid a $0.125 dividend. 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 5.52%. Amcor’s payout ratio is presently 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.