Marquette Asset Management LLC Sells 21,799 Shares of Amcor plc (NYSE:AMCR)

Marquette Asset Management LLC lowered its position in shares of Amcor plc (NYSE:AMCR) by 8.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 227,280 shares of the company’s stock after selling 21,799 shares during the quarter. Amcor accounts for 0.4% of Marquette Asset Management LLC’s holdings, making the stock its 24th biggest position. Marquette Asset Management LLC’s holdings in Amcor were worth $2,191,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Signaturefd LLC increased its stake in shares of Amcor by 1,619.5% during the 3rd quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock worth $30,000 after purchasing an additional 3,077 shares during the last quarter. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Amcor during the 3rd quarter worth approximately $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Amcor during the 4th quarter worth approximately $40,000. Loomis Sayles & Co. L P grew its stake in Amcor by 48.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock valued at $41,000 after buying an additional 1,445 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in Amcor in the 3rd quarter valued at approximately $46,000. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Amcor stock traded up $0.02 during mid-day trading on Friday, reaching $8.97. The company’s stock had a trading volume of 5,732,955 shares, compared to its average volume of 6,045,468. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.09. The company has a market capitalization of $12.96 billion, a P/E ratio of 20.39, a PEG ratio of 9.86 and a beta of 0.78. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.25. The firm’s fifty day moving average price is $9.19 and its two-hundred day moving average price is $9.27.

Amcor (NYSE:AMCR) last released its quarterly earnings data 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 net margin of 4.59% and a return on equity of 24.28%. The business had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Sell-side analysts predict that Amcor plc will post 0.68 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were paid a $0.125 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 dividend on an annualized basis and a yield of 5.57%. 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.