Asset Management One Co. Ltd. lifted its holdings in Amcor PLC (NYSE:AMCR - Free Report) by 6.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 604,345 shares of the company's stock after purchasing an additional 36,772 shares during the period. Asset Management One Co. Ltd.'s holdings in Amcor were worth $5,862,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in AMCR. Rakuten Securities Inc. grew its holdings in shares of Amcor by 18,725.0% in the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after purchasing an additional 2,996 shares in the last quarter. CVA Family Office LLC grew its holdings in shares of Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock valued at $32,000 after purchasing an additional 2,280 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Amcor by 247.4% in the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock valued at $35,000 after purchasing an additional 2,660 shares in the last quarter. Quarry LP grew its holdings in shares of Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after purchasing an additional 3,551 shares in the last quarter. Finally, Huntington National Bank grew its holdings in shares of Amcor by 52.4% in the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock valued at $42,000 after purchasing an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.
Amcor Stock Down 0.1%
AMCR stock opened at $9.21 on Friday. The company has a fifty day moving average price of $9.21 and a 200 day moving average price of $9.52. Amcor PLC has a 12 month low of $8.37 and a 12 month high of $11.48. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.55 and a beta of 0.73. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.70 and a quick ratio of 1.16.
Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Amcor had a net margin of 5.99% and a return on equity of 26.49%. The firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. Amcor's revenue for the quarter was down 2.3% on a year-over-year basis. Sell-side analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.
Amcor Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd were given a dividend of $0.1275 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a yield of 5.54%. Amcor's payout ratio is currently 91.07%.
Analyst Ratings Changes
A number of research analysts recently weighed in on AMCR shares. Wells Fargo & Company started coverage on shares of Amcor in a report on Thursday. They issued an "overweight" rating and a $10.00 price objective for the company. Raymond James Financial started coverage on shares of Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating for the company. Truist Financial lowered their price target on shares of Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $11.20.
Read Our Latest Report on Amcor
About Amcor
(
Free Report)
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.
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