Deutsche Bank AG Acquires 1,066,798 Shares of Amcor PLC (NYSE:AMCR)

Deutsche Bank AG lifted its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 13.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,128,040 shares of the company's stock after buying an additional 1,066,798 shares during the quarter. Deutsche Bank AG owned about 0.63% of Amcor worth $88,542,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AMCR. Vanguard Group Inc. lifted its stake in shares of Amcor by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock valued at $660,627,000 after buying an additional 9,119,308 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Amcor by 8.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock valued at $483,367,000 after buying an additional 3,778,714 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of Amcor by 5.1% during the 1st quarter. Federated Hermes Inc. now owns 18,747,111 shares of the company's stock valued at $181,847,000 after buying an additional 916,739 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Amcor by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,700,717 shares of the company's stock valued at $175,967,000 after buying an additional 1,886,794 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Amcor by 0.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,492,625 shares of the company's stock valued at $117,556,000 after buying an additional 85,978 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Trading Down 0.6%

NYSE AMCR traded down $0.06 during trading on Friday, hitting $8.71. The company had a trading volume of 20,897,275 shares, compared to its average volume of 28,989,105. 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 one year low of $8.37 and a one year high of $11.48. The company has a market cap of $12.58 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.74. The company's fifty day moving average is $9.43 and its 200-day moving average is $9.52.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a return on equity of 26.49% and a net margin of 5.99%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the company posted $0.21 earnings per share. The firm's revenue for the quarter was up 43.8% compared to the same quarter last year. On average, sell-side analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on AMCR. Jefferies Financial Group began coverage on shares of Amcor in a report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 target price on the stock. Truist Financial set a $11.00 target price on shares of Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. Robert W. Baird decreased their target price on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday. Raymond James Financial began coverage on shares of Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Finally, UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.42.

About Amcor

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.