Ardagh Metal Packaging S.A. (NYSE:AMBP) Shares Bought by EP Wealth Advisors LLC

EP Wealth Advisors LLC grew its position in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 54,647 shares of the company’s stock after purchasing an additional 4,731 shares during the quarter. EP Wealth Advisors LLC’s holdings in Ardagh Metal Packaging were worth $164,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in Ardagh Metal Packaging by 195.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 196,979 shares of the company’s stock worth $743,000 after buying an additional 130,264 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Ardagh Metal Packaging by 2.8% in the fourth quarter. Dakota Wealth Management now owns 146,682 shares of the company’s stock valued at $442,000 after acquiring an additional 4,030 shares during the period. SG Americas Securities LLC grew its position in shares of Ardagh Metal Packaging by 44.5% during the fourth quarter. SG Americas Securities LLC now owns 73,250 shares of the company’s stock worth $220,000 after acquiring an additional 22,574 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Ardagh Metal Packaging by 21.9% in the 4th quarter. PFG Investments LLC now owns 55,631 shares of the company’s stock valued at $167,000 after acquiring an additional 9,997 shares during the period. Finally, Clarity Financial LLC raised its position in Ardagh Metal Packaging by 318.0% in the 4th quarter. Clarity Financial LLC now owns 52,244 shares of the company’s stock valued at $157,000 after purchasing an additional 39,744 shares during the last quarter. Institutional investors and hedge funds own 16.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company reissued an “equal weight” rating and set a $3.35 price objective (down from $3.60) on shares of Ardagh Metal Packaging in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.44.

Ardagh Metal Packaging Trading Down 0.3%

Shares of AMBP stock opened at $3.79 on Thursday. The company has a market capitalization of $2.27 billion, a P/E ratio of -31.58, a price-to-earnings-growth ratio of 0.54 and a beta of 0.51. The business’s 50 day moving average is $3.08 and its two-hundred day moving average is $3.11. Ardagh Metal Packaging S.A. has a twelve month low of $2.50 and a twelve month high of $4.26.

Ardagh Metal Packaging (NYSE:AMBP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. Ardagh Metal Packaging had a negative net margin of 0.99% and a positive return on equity of 1,760.00%. Ardagh Metal Packaging’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $0.01 EPS. As a group, equities analysts predict that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.55%. The ex-dividend date of this dividend is Monday, May 5th. Ardagh Metal Packaging’s payout ratio is -1,000.00%.

Ardagh Metal Packaging Profile

Ardagh Metal Packaging SA, together with its subsidiaries, supplies consumer metal beverage cans in Europe, the United States, and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine.