Amcor PLC (NYSE:AMCR) Stock Holdings Increased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in Amcor PLC (NYSE:AMCR - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,205,849 shares of the company's stock after purchasing an additional 136,542 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Amcor worth $11,697,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in 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 purchasing an additional 1,249,868 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amcor by 6.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 46,052,929 shares of the company's stock valued at $433,358,000 after buying an additional 2,862,471 shares during the period. Geode Capital Management LLC boosted its stake in Amcor by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 36,856,793 shares of the company's stock valued at $345,952,000 after buying an additional 539,756 shares in the last quarter. Invesco Ltd. boosted its stake in Amcor by 16.0% during the fourth quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock valued at $286,300,000 after buying an additional 4,199,209 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Amcor by 25.1% during the fourth quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company's stock worth $263,215,000 after acquiring an additional 5,614,233 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on AMCR shares. Raymond James Financial started coverage on shares of Amcor in a research note on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Truist Financial reduced their target price on shares of Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.31.

Amcor Trading Down 0.6%

Shares of AMCR traded down $0.06 during midday trading on Friday, hitting $9.00. The stock had a trading volume of 124,127,499 shares, compared to its average volume of 20,312,125. The business has a 50-day simple moving average of $9.23 and a two-hundred day simple moving average of $9.56. The firm has a market cap of $13.00 billion, a P/E ratio of 16.06, a price-to-earnings-growth ratio of 2.51 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 fifty-two week low of $8.37 and a fifty-two week high of $11.48.

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

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.1275 per share. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.67%. Amcor's dividend payout ratio is 91.07%.

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.