Natixis Advisors LLC Has $6.57 Million Stock Holdings in Amcor PLC (NYSE:AMCR)

Key Points

• Natixis Advisors LLC increased its stake in Amcor PLC by 30.3%, now holding 677,108 shares valued at approximately $6.57 million.
• Other investors also significantly increased their positions in Amcor, with Rakuten Securities Inc. boosting its stake by 18,725%.
• Amcor has received a consensus rating of "Moderate Buy" from analysts, with an average price target of $11.51.

Natixis Advisors LLC increased its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 30.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 677,108 shares of the company's stock after acquiring an additional 157,334 shares during the quarter. Natixis Advisors LLC's holdings in Amcor were worth $6,568,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. lifted its stake in shares of Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after acquiring an additional 2,996 shares during the period. HM Payson & Co. acquired a new position in Amcor in the first quarter valued at about $30,000. CVA Family Office LLC lifted its stake in Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock valued at $32,000 after buying an additional 2,280 shares during the period. N.E.W. Advisory Services LLC acquired a new position in Amcor in the first quarter valued at about $36,000. Finally, Quarry LP lifted its stake in Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after buying an additional 3,551 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Stock Up 1.2%

NYSE:AMCR opened at $9.41 on Tuesday. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.16 and a current ratio of 1.70. The company has a market cap of $13.60 billion, a PE ratio of 16.80, a PEG ratio of 1.19 and a beta of 0.74. Amcor PLC has a 52-week low of $8.37 and a 52-week high of $11.48. The stock has a 50-day simple moving average of $9.36 and a 200 day simple moving average of $9.53.

Analyst Ratings Changes

AMCR has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Amcor in a report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price target for the company. Wells Fargo & Company increased their price target on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Raymond James Financial initiated coverage on Amcor in a report on Tuesday, April 22nd. They issued a "market perform" rating for the company. Finally, Truist Financial set a $11.00 price target on Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.51.

Amcor 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.

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