State of New Jersey Common Pension Fund D Cuts Position in Amcor plc (NYSE:AMCR)

State of New Jersey Common Pension Fund D decreased its holdings in Amcor plc (NYSE:AMCR) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 708,194 shares of the company’s stock after selling 31,562 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Amcor were worth $6,827,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Amcor by 0.6% in the third quarter. Vanguard Group Inc. now owns 56,479,105 shares of the company’s stock worth $517,349,000 after acquiring an additional 325,747 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Amcor by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 30,621,317 shares of the company’s stock worth $280,491,000 after acquiring an additional 594,034 shares in the last quarter. Federated Hermes Inc. raised its position in Amcor by 1.9% in the fourth quarter. Federated Hermes Inc. now owns 25,391,765 shares of the company’s stock worth $244,777,000 after acquiring an additional 468,883 shares in the last quarter. American Century Companies Inc. increased its position in shares of Amcor by 3.4% in the third quarter. American Century Companies Inc. now owns 22,830,158 shares of the company’s stock valued at $209,124,000 after buying an additional 748,138 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Amcor by 14.9% in the third quarter. Invesco Ltd. now owns 20,531,344 shares of the company’s stock valued at $188,067,000 after buying an additional 2,664,715 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

Shares of AMCR stock traded up $0.02 during mid-day trading on Friday, reaching $8.97. The stock had a trading volume of 5,732,954 shares, compared to its average volume of 8,457,227. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.09. The company has a market cap of $12.96 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 9.96 and a beta of 0.78. The business has a 50-day simple moving average of $9.19 and a 200 day simple moving average of $9.27. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Amcor (NYSE:AMCR) last announced its quarterly 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 return on equity of 24.28% and a net margin of 4.59%. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.29 billion. On average, sell-side analysts anticipate that Amcor plc will post 0.68 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Wednesday, February 28th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Tuesday, February 27th. Amcor’s dividend payout ratio is currently 113.64%.

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.