Crossmark Global Holdings Inc. boosted its position in Amcor PLC (NYSE:AMCR - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 150,196 shares of the company's stock after purchasing an additional 26,483 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Amcor were worth $1,457,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in AMCR. Marshall Wace LLP raised its position in shares of Amcor by 303.9% during the 4th quarter. Marshall Wace LLP now owns 8,699,610 shares of the company's stock worth $81,863,000 after buying an additional 6,545,689 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Amcor by 25.1% during the 4th quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company's stock worth $263,215,000 after buying an additional 5,614,233 shares in the last quarter. First Trust Advisors LP raised its position in shares of Amcor by 474.7% during the 4th quarter. First Trust Advisors LP now owns 5,402,490 shares of the company's stock worth $50,837,000 after buying an additional 4,462,367 shares in the last quarter. Invesco Ltd. raised its position in shares of Amcor by 16.0% during the 4th quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock worth $286,300,000 after buying an additional 4,199,209 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Amcor during the 4th quarter worth about $31,485,000. 45.14% of the stock is currently owned by institutional investors.
Amcor Stock Down 0.3%
Shares of AMCR stock traded down $0.03 during trading on Monday, hitting $9.63. 14,967,716 shares of the company were exchanged, compared to its average volume of 21,169,280. The business's 50-day simple moving average is $9.25 and its 200 day simple moving average is $9.53. Amcor PLC has a twelve month low of $8.37 and a twelve month high of $11.48. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 17.19, a P/E/G ratio of 1.22 and a beta of 0.73. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.16 and a current ratio of 1.70.
Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 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 for the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm's revenue was down 2.3% on a year-over-year basis. As a group, analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.
Amcor Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd were given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Thursday, May 22nd. Amcor's payout ratio is presently 91.07%.
Analyst Ratings Changes
Several brokerages have recently issued reports on AMCR. Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a "buy" rating in a research note on Friday. Wells Fargo & Company began coverage on shares of Amcor in a research note on Thursday, June 26th. They issued an "overweight" rating and a $10.00 price objective on the stock. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Raymond James Financial began coverage on shares of Amcor in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Finally, Jefferies Financial Group began coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $11.37.
Read Our Latest Stock Report on AMCR
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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