Argyle Capital Management Inc. Sells 30,400 Shares of Amcor plc (NYSE:AMCR)

Argyle Capital Management Inc. reduced its position in Amcor plc (NYSE:AMCR) by 27.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,044 shares of the company’s stock after selling 30,400 shares during the quarter. Argyle Capital Management Inc.’s holdings in Amcor were worth $762,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signaturefd LLC lifted its position in Amcor by 1,619.5% during the third quarter. Signaturefd LLC now owns 3,267 shares of the company’s stock valued at $30,000 after purchasing an additional 3,077 shares during the last quarter. Cary Street Partners Investment Advisory LLC bought a new stake in Amcor during the third quarter valued at approximately $38,000. McGlone Suttner Wealth Management Inc. bought a new stake in Amcor during the fourth quarter valued at approximately $40,000. Loomis Sayles & Co. L P lifted its position in Amcor by 48.2% during the third quarter. Loomis Sayles & Co. L P now owns 4,445 shares of the company’s stock valued at $41,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Amcor during the third quarter valued at approximately $46,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Price Performance

Amcor stock traded up $0.02 during mid-day trading on Friday, hitting $8.97. 5,732,955 shares of the company traded hands, compared to its average volume of 6,045,468. Amcor plc has a one year low of $8.45 and a one year high of $11.09. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth 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 stock has a fifty day moving average price of $9.19 and a 200-day moving average price of $9.27.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 6th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $3.25 billion during the quarter, compared to analyst estimates of $3.29 billion. Amcor had a net margin of 4.59% and a return on equity of 24.28%. On average, equities analysts predict that Amcor plc will post 0.68 earnings per share for the current fiscal year.

Amcor Announces Dividend

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