Jump Financial LLC Cuts Stock Position in Amcor plc (NYSE:AMCR)

Jump Financial LLC decreased its holdings in Amcor plc (NYSE:AMCR) by 48.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,506 shares of the company’s stock after selling 30,394 shares during the quarter. Jump Financial LLC’s holdings in Amcor were worth $313,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wealth Alliance boosted its position in Amcor by 1.9% in the 4th quarter. Wealth Alliance now owns 55,592 shares of the company’s stock valued at $536,000 after buying an additional 1,061 shares during the period. Global Retirement Partners LLC boosted its holdings in Amcor by 17.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,397 shares of the company’s stock valued at $80,000 after purchasing an additional 1,222 shares during the period. MV Capital Management Inc. grew its stake in Amcor by 33.7% during the 4th quarter. MV Capital Management Inc. now owns 5,193 shares of the company’s stock worth $50,000 after purchasing an additional 1,310 shares in the last quarter. New York Life Investment Management LLC increased its holdings in Amcor by 0.7% during the 3rd quarter. New York Life Investment Management LLC now owns 212,249 shares of the company’s stock worth $1,944,000 after purchasing an additional 1,383 shares during the period. Finally, Loomis Sayles & Co. L P increased its holdings in Amcor by 48.2% during the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock worth $41,000 after purchasing an additional 1,445 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

Amcor stock opened at $9.94 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.75 and a debt-to-equity ratio of 1.76. The company has a fifty day simple moving average of $9.51 and a 200-day simple moving average of $9.44. The stock has a market cap of $14.37 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 5.40 and a beta of 0.79. Amcor plc has a 12-month low of $8.45 and a 12-month high of $10.51.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Amcor had a return on equity of 24.66% and a net margin of 4.75%. Amcor’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities analysts expect that Amcor plc will post 0.7 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Wednesday, May 22nd will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Tuesday, May 21st. Amcor’s dividend payout ratio (DPR) is 111.11%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. boosted their price objective on Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st.

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.