New York State Common Retirement Fund Reduces Stock Position in Amcor plc (NYSE:AMCR)

New York State Common Retirement Fund lowered its stake in Amcor plc (NYSE:AMCRFree Report) by 13.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,497,899 shares of the company’s stock after selling 241,540 shares during the period. New York State Common Retirement Fund owned 0.10% of Amcor worth $13,721,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Money Concepts Capital Corp acquired a new position in Amcor during the 4th quarter valued at approximately $31,000. Clear Street Markets LLC grew its position in Amcor by 93.6% in the 1st quarter. Clear Street Markets LLC now owns 2,913 shares of the company’s stock worth $33,000 after purchasing an additional 1,408 shares during the last quarter. Signaturefd LLC increased its stake in shares of Amcor by 1,619.5% in the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after purchasing an additional 3,077 shares during the period. Quent Capital LLC raised its holdings in shares of Amcor by 99.6% during the third quarter. Quent Capital LLC now owns 3,814 shares of the company’s stock valued at $35,000 after buying an additional 1,903 shares during the last quarter. Finally, West Tower Group LLC acquired a new stake in Amcor in the 2nd quarter valued at approximately $40,000. Institutional investors own 49.52% of the company’s stock.

Insider Transactions at Amcor

In other news, Director Arun Nayar sold 10,261 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $9.39, for a total transaction of $96,350.79. Following the completion of the sale, the director now directly owns 52,527 shares of the company’s stock, valued at $493,228.53. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.69% of the company’s stock.

Amcor Stock Up 0.1 %

Shares of AMCR stock opened at $9.23 on Wednesday. Amcor plc has a 1 year low of $8.45 and a 1 year high of $11.93. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.74 and a current ratio of 1.27. The business’s fifty day moving average is $9.58 and its 200-day moving average is $9.39. The stock has a market cap of $13.35 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 6.20 and a beta of 0.80.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Shareholders of record on Wednesday, February 28th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend is Tuesday, February 27th. Amcor’s payout ratio is 75.76%.

Analyst Ratings Changes

Separately, Truist Financial lowered their price target on Amcor from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Amcor currently has an average rating of “Hold” and an average price target of $10.40.

Check Out Our Latest Stock Analysis on AMCR

Amcor Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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