Blackhawk Capital Partners LLC. decreased its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 19.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 183,960 shares of the company's stock after selling 45,038 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in Amcor were worth $1,784,000 as of its most recent filing with the SEC.
Several other hedge funds also recently made changes to their positions in AMCR. CX Institutional purchased a new position in Amcor in the first quarter valued at about $111,000. SG Americas Securities LLC lifted its holdings in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock valued at $1,455,000 after acquiring an additional 95,314 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amcor by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock valued at $555,064,000 after acquiring an additional 1,249,868 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Amcor by 16.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company's stock worth $12,188,000 after buying an additional 175,731 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Amcor by 5.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock worth $796,000 after buying an additional 4,591 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.
Amcor Stock Down 0.1%
AMCR traded down $0.01 during midday trading on Wednesday, reaching $9.81. The company's stock had a trading volume of 19,264,752 shares, compared to its average volume of 21,089,085. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 2.37 and a beta of 0.73. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 2.24. Amcor PLC has a 1 year low of $8.37 and a 1 year high of $11.48. The stock's 50-day moving average is $9.22 and its 200-day moving average is $9.52.
Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 previous year, the firm posted $0.13 EPS. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts expect that Amcor PLC will post 0.74 EPS for the current year.
Amcor Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd were issued a $0.1275 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.20%. Amcor's dividend payout ratio is presently 91.07%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on AMCR. Raymond James Financial started coverage on shares of Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Wells Fargo & Company began coverage on shares of Amcor in a research note on Thursday, June 26th. They set an "overweight" rating and a $10.00 price target on the stock. Truist Financial decreased their price target on shares of Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group started coverage on Amcor in a report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Amcor presently has a consensus rating of "Moderate Buy" and an average target price of $11.30.
View Our Latest Research Report on Amcor
Amcor Company Profile
(
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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