Diversify Wealth Management LLC Has $3.80 Million Holdings in Amcor PLC (NYSE:AMCR)

Diversify Wealth Management LLC increased its holdings in shares of Amcor PLC (NYSE:AMCR - Free Report) by 27.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 407,031 shares of the company's stock after buying an additional 88,182 shares during the quarter. Diversify Wealth Management LLC's holdings in Amcor were worth $3,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. CX Institutional purchased a new position in shares of Amcor in the 1st quarter worth about $111,000. SG Americas Securities LLC raised its holdings in shares of Amcor by 174.3% in the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock worth $1,455,000 after purchasing an additional 95,314 shares during the period. Vanguard Group Inc. raised its holdings in shares of Amcor by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after purchasing an additional 1,249,868 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 purchasing an additional 175,731 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Amcor by 5.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock valued at $796,000 after buying an additional 4,591 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Performance

Amcor stock traded down $0.18 during mid-day trading on Friday, hitting $9.65. 14,423,568 shares of the company's stock traded hands, compared to its average volume of 21,193,558. The firm has a 50 day moving average price of $9.25 and a 200 day moving average price of $9.52. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 2.24. The company has a market cap of $13.95 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 1.22 and a beta of 0.73. Amcor PLC has a one year low of $8.37 and a one year high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. Amcor had a return on equity of 26.49% and a net margin of 5.99%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company's quarterly revenue was down 2.3% compared to the same quarter last year. On average, equities analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Thursday, May 22nd. Amcor's dividend payout ratio is presently 91.07%.

Analyst Ratings Changes

Several brokerages recently commented on AMCR. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Truist Financial dropped their target price on Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Friday. Wells Fargo & Company began coverage on Amcor in a report on Thursday, June 26th. They set an "overweight" rating and a $10.00 target price on the stock. Raymond James Financial started coverage on Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Finally, Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Amcor currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.37.

Amcor Company Profile

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.