Standard Family Office LLC Has $57,000 Stake in Amcor plc (NYSE:AMCR)

Standard Family Office LLC lowered its stake in Amcor plc (NYSE:AMCR) by 63.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,900 shares of the company’s stock after selling 8,450 shares during the quarter. Standard Family Office LLC’s holdings in Amcor were worth $57,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in Amcor by 88.2% during the 1st quarter. Signaturefd LLC now owns 2,241 shares of the company’s stock worth $26,000 after purchasing an additional 1,050 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Amcor by 90.1% during the 1st quarter. First Horizon Advisors Inc. now owns 2,467 shares of the company’s stock worth $28,000 after buying an additional 1,169 shares during the period. Vantage Consulting Group Inc acquired a new stake in shares of Amcor during the 4th quarter worth approximately $40,000. Freedman Financial Associates Inc. acquired a new stake in Amcor in the 4th quarter valued at $41,000. Finally, Harvest Fund Management Co. Ltd grew its position in Amcor by 106.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 5,673 shares of the company’s stock valued at $66,000 after purchasing an additional 2,922 shares during the period. 36.56% of the stock is owned by hedge funds and other institutional investors.

AMCR stock opened at $12.07 on Friday. The company has a quick ratio of 0.79, a current ratio of 1.30 and a debt-to-equity ratio of 1.38. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 1.82 and a beta of 0.87. Amcor plc has a twelve month low of $9.14 and a twelve month high of $12.76. The firm’s 50-day moving average is $11.96.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Monday, May 3rd. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Amcor had a return on equity of 20.36% and a net margin of 6.88%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, sell-side analysts expect that Amcor plc will post 0.73 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Wednesday, May 26th will be issued a dividend of $0.117 per share. This represents a $0.47 annualized dividend and a dividend yield of 3.88%. The ex-dividend date is Tuesday, May 25th. Amcor’s payout ratio is 73.44%.

In other Amcor news, EVP Ian Wilson sold 195,200 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The stock was sold at an average price of $12.36, for a total value of $2,412,672.00. Following the completion of the sale, the executive vice president now owns 195,200 shares of the company’s stock, valued at $2,412,672. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Arun Nayar sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $12.35, for a total value of $617,500.00. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

A number of research firms have issued reports on AMCR. The Goldman Sachs Group began coverage on shares of Amcor in a report on Friday, April 9th. They set a “neutral” rating and a $12.00 price objective on the stock. Zacks Investment Research cut Amcor from a “buy” rating to a “hold” rating in a research note on Thursday, April 22nd. Finally, Macquarie cut Amcor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $12.65.

Amcor Company Profile

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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