Jump Financial LLC Acquires New Position in Amcor plc (NYSE:AMCR)

Jump Financial LLC bought a new stake in Amcor plc (NYSE:AMCR) during the fourth quarter, Holdings Channel.com reports. The firm bought 235,328 shares of the company’s stock, valued at approximately $2,214,000.

Other large investors also recently bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Amcor in the 4th quarter valued at about $2,701,000. Walleye Capital LLC acquired a new stake in shares of Amcor in the 4th quarter valued at about $205,000. CreativeOne Wealth LLC grew its position in shares of Amcor by 15.8% during the fourth quarter. CreativeOne Wealth LLC now owns 138,190 shares of the company’s stock worth $1,300,000 after acquiring an additional 18,821 shares during the last quarter. Mariner LLC increased its stake in Amcor by 11.3% in the fourth quarter. Mariner LLC now owns 443,804 shares of the company’s stock valued at $4,176,000 after purchasing an additional 45,203 shares during the period. Finally, Savvy Advisors Inc. purchased a new stake in Amcor during the 4th quarter valued at approximately $99,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

AMCR opened at $9.38 on Friday. The stock has a market capitalization of $13.55 billion, a PE ratio of 17.05, a P/E/G ratio of 1.96 and a beta of 0.78. The company’s 50 day simple moving average is $9.72 and its 200 day simple moving average is $10.03. Amcor plc has a 1 year low of $8.37 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $0.09 EPS. The company’s revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were paid a $0.1275 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.44%. Amcor’s dividend payout ratio (DPR) is currently 92.73%.

Insider Activity

In related news, Director Achal Agarwal purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares of the company’s stock, valued at $898,566.70. This represents a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AMCR shares. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. Finally, Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and increased their target price for the company from $10.00 to $12.00 in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Amcor presently has an average rating of “Moderate Buy” and a consensus target price of $11.46.

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.