Cornercap Investment Counsel Inc. Boosts Holdings in Amcor plc (NYSE:AMCR)

Cornercap Investment Counsel Inc. increased its stake in shares of Amcor plc (NYSE:AMCR) by 1.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 107,305 shares of the company’s stock after buying an additional 1,539 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Amcor were worth $1,034,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in AMCR. Raymond James & Associates increased its stake in shares of Amcor by 13.9% in the first 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 in the last quarter. Private Advisor Group LLC increased its stake in shares of Amcor by 33.0% in the first quarter. Private Advisor Group LLC now owns 26,878 shares of the company’s stock worth $304,000 after purchasing an additional 6,664 shares in the last quarter. Natixis Advisors L.P. increased its stake in shares of Amcor by 23.3% in the first quarter. Natixis Advisors L.P. now owns 121,261 shares of the company’s stock worth $1,374,000 after purchasing an additional 22,888 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Amcor by 5.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 202,541 shares of the company’s stock worth $2,295,000 after purchasing an additional 10,101 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Amcor by 58.5% in the first quarter. Vontobel Holding Ltd. now owns 45,244 shares of the company’s stock worth $522,000 after purchasing an additional 16,707 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

AMCR opened at $8.94 on Tuesday. The company has a market capitalization of $12.92 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 9.79 and a beta of 0.78. The company has a quick ratio of 0.71, a current ratio of 1.25 and a debt-to-equity ratio of 1.74. The firm has a 50-day moving average price of $9.22 and a 200-day moving average price of $9.27. Amcor plc has a twelve month low of $8.45 and a twelve month high of $11.18.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate 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 net margin of 4.59% and a return on equity of 24.28%. 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 paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, February 27th. This represents a $0.50 annualized dividend and a yield of 5.59%. Amcor’s dividend payout ratio is currently 113.64%.

About Amcor

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.