Exchange Traded Concepts LLC trimmed its holdings in Amcor PLC (NYSE:AMCR - Free Report) by 79.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,961 shares of the company's stock after selling 97,386 shares during the quarter. Exchange Traded Concepts LLC's holdings in Amcor were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. CVA Family Office LLC increased its stake in shares of Amcor by 234.1% in the 1st quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock worth $32,000 after acquiring an additional 2,280 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Amcor by 247.4% in the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after acquiring an additional 2,660 shares in the last quarter. Quarry LP increased its stake in shares of Amcor by 2,064.5% in the 4th quarter. Quarry LP now owns 3,723 shares of the company's stock worth $35,000 after acquiring an additional 3,551 shares in the last quarter. Huntington National Bank increased its stake in shares of Amcor by 52.4% in the 4th quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after acquiring an additional 1,522 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Amcor in the 4th quarter worth about $44,000. 45.14% of the stock is currently owned by institutional investors.
Amcor Stock Performance
Shares of NYSE AMCR opened at $9.00 on Monday. The firm's 50-day moving average price is $9.23 and its 200-day moving average price is $9.55. 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 $13.00 billion, a PE ratio of 16.06, a PEG ratio of 2.49 and a beta of 0.74. Amcor PLC has a 52-week low of $8.37 and a 52-week high of $11.48.
Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. Amcor had a net margin of 5.99% and a return on equity of 26.49%. The business's quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. As a group, analysts anticipate that Amcor PLC will post 0.74 EPS for the current year.
Amcor Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd were issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date was Thursday, May 22nd. Amcor's payout ratio is 91.07%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on AMCR. Raymond James Financial began coverage on shares of Amcor in a research note on Tuesday, April 22nd. They set a "market perform" rating for the company. Truist Financial reduced their price objective on shares of Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amcor presently has a consensus rating of "Moderate Buy" and an average target price of $11.31.
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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