JPMorgan Chase & Co. Has $4.26 Million Stock Position in Ardagh Metal Packaging S.A. $AMBP

JPMorgan Chase & Co. increased its holdings in shares of Ardagh Metal Packaging S.A. (NYSE:AMBP) by 46.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,068,046 shares of the company’s stock after purchasing an additional 338,540 shares during the quarter. JPMorgan Chase & Co.’s holdings in Ardagh Metal Packaging were worth $4,262,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Capital Investment Advisory Services LLC bought a new position in shares of Ardagh Metal Packaging in the 3rd quarter valued at about $40,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Ardagh Metal Packaging during the 1st quarter worth approximately $43,000. Capula Management Ltd acquired a new stake in Ardagh Metal Packaging during the second quarter worth approximately $45,000. Guardian Capital LP bought a new position in shares of Ardagh Metal Packaging in the third quarter worth $46,000. Finally, Captrust Financial Advisors bought a new position in Ardagh Metal Packaging in the 2nd quarter valued at about $47,000. 16.93% of the stock is currently owned by institutional investors.

Ardagh Metal Packaging Trading Down 0.4%

Shares of NYSE:AMBP opened at $4.10 on Friday. The stock’s fifty day simple moving average is $4.47 and its two-hundred day simple moving average is $4.09. Ardagh Metal Packaging S.A. has a 1-year low of $2.53 and a 1-year high of $5.03. The stock has a market cap of $2.45 billion, a PE ratio of -409.50, a price-to-earnings-growth ratio of 1.01 and a beta of 0.62.

Ardagh Metal Packaging (NYSE:AMBP) last issued its quarterly earnings data on Thursday, February 26th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. Ardagh Metal Packaging had a net margin of 0.20% and a negative return on equity of 37.42%. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the firm posted $0.03 EPS. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. On average, sell-side analysts forecast that Ardagh Metal Packaging S.A. will post 0.16 earnings per share for the current fiscal year.

Ardagh Metal Packaging Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Thursday, March 12th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date of this dividend was Thursday, March 12th. Ardagh Metal Packaging’s payout ratio is -4,000.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMBP shares. UBS Group lifted their price target on Ardagh Metal Packaging from $4.00 to $4.25 and gave the company a “neutral” rating in a research note on Monday, January 12th. Morgan Stanley set a $4.30 price target on shares of Ardagh Metal Packaging in a research note on Thursday, January 8th. Truist Financial raised their price objective on Ardagh Metal Packaging from $4.00 to $5.00 and gave the stock a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “hold (c)” rating on shares of Ardagh Metal Packaging in a report on Wednesday, January 21st. Finally, Wells Fargo & Company dropped their price target on Ardagh Metal Packaging from $5.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday, March 20th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.51.

About Ardagh Metal Packaging

Ardagh Metal Packaging (NYSE: AMBP) is a global supplier of metal packaging solutions, specializing in the production of steel and aluminum beverage cans, food cans and ends. As a segment of the Ardagh Group, the company supports a broad range of food and beverage customers, including soft drink and craft beer producers, as well as food manufacturers requiring durable, recyclable packaging. Its product portfolio encompasses two‐piece and three‐piece cans, a variety of can ends and closures, and value‐added services such as custom lithography and decorating.

The company operates a network of manufacturing plants across North America and Europe, serving both regional and multinational clients.