Everence Capital Management Inc. Boosts Stake in Amcor plc (NYSE:AMCR)

Everence Capital Management Inc. raised its position in Amcor plc (NYSE:AMCR) by 109.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 116,400 shares of the company’s stock after buying an additional 60,710 shares during the period. Everence Capital Management Inc.’s holdings in Amcor were worth $1,122,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Amcor by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock worth $517,349,000 after purchasing an additional 325,747 shares during the last quarter. Barclays PLC increased its stake in shares of Amcor by 25.8% during the 3rd quarter. Barclays PLC now owns 4,055,670 shares of the company’s stock worth $37,152,000 after purchasing an additional 830,959 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Amcor by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock worth $280,491,000 after purchasing an additional 594,034 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Amcor by 4.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,982,171 shares of the company’s stock worth $36,477,000 after purchasing an additional 174,465 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in Amcor by 38.2% in the 4th quarter. Vest Financial LLC now owns 3,110,645 shares of the company’s stock worth $29,987,000 after buying an additional 859,002 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 1.3 %

AMCR opened at $8.83 on Wednesday. The company has a 50 day moving average of $9.21 and a 200 day moving average of $9.27. The company has a market cap of $12.76 billion, a PE ratio of 20.06, a price-to-earnings-growth ratio of 9.83 and a beta of 0.78. Amcor plc has a 12 month low of $8.45 and a 12 month high of $11.18. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.15 by $0.01. The company had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. On average, sell-side analysts expect that Amcor plc will post 0.68 EPS for the current year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend was Tuesday, February 27th. Amcor’s payout ratio is 113.64%.

About Amcor

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.