Federated Hermes Inc. Buys 468,883 Shares of Amcor plc (NYSE:AMCR)

Federated Hermes Inc. increased its stake in Amcor plc (NYSE:AMCR) by 1.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 25,391,765 shares of the company’s stock after acquiring an additional 468,883 shares during the period. Federated Hermes Inc.’s holdings in Amcor were worth $244,777,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Amcor by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock valued at $517,349,000 after purchasing an additional 325,747 shares during the period. Barclays PLC raised its holdings in Amcor by 25.8% in the third 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Amcor by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock valued at $280,491,000 after buying an additional 594,034 shares during the period. Envestnet Asset Management Inc. boosted its holdings 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 valued at $36,477,000 after buying an additional 174,465 shares in the last quarter. Finally, Vest Financial LLC grew its position in shares of 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. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Up 0.7 %

Shares of Amcor stock traded up $0.06 during trading on Thursday, hitting $8.89. The company’s stock had a trading volume of 1,381,235 shares, compared to its average volume of 8,611,809. Amcor plc has a 52 week low of $8.45 and a 52 week high of $11.17. The company has a market capitalization of $12.85 billion, a PE ratio of 20.07, a P/E/G ratio of 9.71 and a beta of 0.78. The company has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $9.27. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25.

Amcor (NYSE:AMCR) last announced its 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. Amcor had a net margin of 4.59% and a return on equity of 24.28%. The business had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Equities research analysts predict that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.62%. Amcor’s dividend payout ratio is currently 113.64%.

Amcor 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.