XTX Topco Ltd Purchases New Holdings in Amcor plc (NYSE:AMCR)

XTX Topco Ltd acquired a new position in Amcor plc (NYSE:AMCR) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 19,670 shares of the company’s stock, valued at approximately $192,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Amcor by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 56,749,318 shares of the company’s stock worth $539,686,000 after purchasing an additional 1,170,986 shares during the period. M&G Plc boosted its stake in Amcor by 2,741.7% in the second quarter. M&G Plc now owns 47,164,358 shares of the company’s stock valued at $471,644,000 after acquiring an additional 45,504,608 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Amcor by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,604,159 shares of the company’s stock valued at $195,946,000 after acquiring an additional 2,086,698 shares during the period. Wellington Management Group LLP purchased a new position in Amcor in the fourth quarter valued at approximately $155,438,000. Finally, Dimensional Fund Advisors LP increased its position in Amcor by 11.6% in the second quarter. Dimensional Fund Advisors LP now owns 14,721,829 shares of the company’s stock worth $143,989,000 after buying an additional 1,527,492 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Down 0.2 %

Shares of AMCR opened at $11.33 on Tuesday. Amcor plc has a fifty-two week low of $8.45 and a fifty-two week high of $11.48. The firm has a market cap of $16.38 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.73 and a beta of 0.85. The firm has a 50 day moving average price of $10.86 and a 200-day moving average price of $10.10. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.69 and a current ratio of 1.17.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The business had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue for the quarter was down 3.8% on a year-over-year basis. As a group, equities research analysts forecast that Amcor plc will post 0.75 earnings per share for the current year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend was Friday, September 6th. Amcor’s dividend payout ratio is presently 111.11%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMCR shares. Robert W. Baird lifted their price objective on Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Stifel Nicolaus assumed coverage on shares of Amcor in a research report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 price target on the stock. JPMorgan Chase & Co. increased their price objective on Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Citigroup raised their price target on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on Amcor from $9.80 to $10.50 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Amcor has an average rating of “Hold” and an average target price of $10.73.

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.