Clarity Financial LLC Sells 4,644 Shares of Ardagh Metal Packaging S.A. $AMBP

Clarity Financial LLC decreased its stake in Ardagh Metal Packaging S.A. (NYSE:AMBP) by 8.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,600 shares of the company’s stock after selling 4,644 shares during the period. Clarity Financial LLC’s holdings in Ardagh Metal Packaging were worth $204,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. grew its holdings in shares of Ardagh Metal Packaging by 140.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 9,173 shares of the company’s stock valued at $28,000 after acquiring an additional 5,361 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of Ardagh Metal Packaging in the 2nd quarter valued at about $43,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Ardagh Metal Packaging in the 1st quarter valued at about $33,000. Signaturefd LLC grew its holdings in shares of Ardagh Metal Packaging by 237.4% in the 2nd quarter. Signaturefd LLC now owns 11,382 shares of the company’s stock valued at $49,000 after acquiring an additional 8,009 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Ardagh Metal Packaging in the 1st quarter valued at about $43,000. Institutional investors own 16.93% of the company’s stock.

Ardagh Metal Packaging Stock Down 0.4%

Shares of AMBP stock opened at $3.98 on Thursday. The firm has a 50 day moving average price of $3.78 and a two-hundred day moving average price of $3.73. The company has a market capitalization of $2.38 billion, a PE ratio of -132.50, a price-to-earnings-growth ratio of 1.42 and a beta of 0.56. Ardagh Metal Packaging S.A. has a 12-month low of $2.50 and a 12-month high of $4.78.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.01. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.33 billion. Ardagh Metal Packaging had a net margin of 0.13% and a negative return on equity of 76.86%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. As a group, research analysts expect that Ardagh Metal Packaging S.A. will post 0.16 EPS for the current year.

Ardagh Metal Packaging Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Thursday, August 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, August 7th. This represents a $0.40 annualized dividend and a yield of 10.1%. Ardagh Metal Packaging’s dividend payout ratio (DPR) is -1,333.33%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Ardagh Metal Packaging from $5.00 to $4.50 and set an “equal weight” rating for the company in a research note on Monday, July 28th. Citigroup raised their target price on shares of Ardagh Metal Packaging from $4.00 to $5.00 and gave the company a “buy” rating in a research note on Thursday, July 3rd. Morgan Stanley raised their target price on shares of Ardagh Metal Packaging from $3.50 to $4.10 and gave the company an “equal weight” rating in a research note on Wednesday, June 25th. Finally, UBS Group cut their target price on shares of Ardagh Metal Packaging from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Tuesday, July 29th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $4.32.

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.