Eads & Heald Wealth Management Sells 2,369 Shares of Amcor plc (NYSE:AMCR)

Eads & Heald Wealth Management lowered its stake in Amcor plc (NYSE:AMCR) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,285 shares of the company’s stock after selling 2,369 shares during the quarter. Eads & Heald Wealth Management’s holdings in Amcor were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AMCR. Raymond James & Associates boosted its stake in Amcor by 13.9% in the 1st quarter. Raymond James & Associates now owns 222,899 shares of the company’s stock worth $2,525,000 after purchasing an additional 27,213 shares during the period. Private Advisor Group LLC boosted its position in shares of Amcor by 33.0% during the 1st quarter. Private Advisor Group LLC now owns 26,878 shares of the company’s stock valued at $304,000 after acquiring an additional 6,664 shares during the last quarter. Natixis Advisors L.P. boosted its position in shares of Amcor by 23.3% during the 1st quarter. Natixis Advisors L.P. now owns 121,261 shares of the company’s stock valued at $1,374,000 after acquiring an additional 22,888 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Amcor by 5.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 202,541 shares of the company’s stock valued at $2,295,000 after acquiring an additional 10,101 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Amcor by 58.5% during the 1st quarter. Vontobel Holding Ltd. now owns 45,244 shares of the company’s stock valued at $522,000 after acquiring an additional 16,707 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

Shares of AMCR traded down $0.09 during trading hours on Tuesday, reaching $8.85. 748,905 shares of the company’s stock traded hands, compared to its average volume of 8,682,437. The stock has a market cap of $12.79 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 9.79 and a beta of 0.78. The company has a current ratio of 1.25, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The firm’s 50 day simple moving average is $9.22 and its 200-day simple moving average is $9.27. Amcor plc has a 12 month low of $8.45 and a 12 month high of $11.18.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $3.25 billion during the quarter, compared to the consensus estimate of $3.29 billion. Amcor had a return on equity of 24.28% and a net margin of 4.59%. Equities analysts expect that Amcor plc will post 0.68 EPS for the current year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were issued a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.65%. Amcor’s dividend payout ratio is 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.