Schaper Benz & Wise Investment Counsel Inc. WI Buys 165,930 Shares of Amcor PLC (NYSE:AMCR)

Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 23.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 878,680 shares of the company's stock after purchasing an additional 165,930 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI owned 0.06% of Amcor worth $8,523,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AMCR. UMB Bank n.a. increased its position in shares of Amcor by 20.0% in the first quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock worth $62,000 after purchasing an additional 1,066 shares during the period. Virtue Capital Management LLC boosted its stake in Amcor by 2.8% in the fourth quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock valued at $432,000 after buying an additional 1,259 shares in the last quarter. Utah Retirement Systems grew its position in Amcor by 1.1% in the fourth quarter. Utah Retirement Systems now owns 120,076 shares of the company's stock valued at $1,130,000 after acquiring an additional 1,300 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Amcor by 0.9% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 157,588 shares of the company's stock valued at $1,529,000 after purchasing an additional 1,477 shares in the last quarter. Finally, New York Life Investment Management LLC grew its holdings in shares of Amcor by 0.8% during the 4th quarter. New York Life Investment Management LLC now owns 195,714 shares of the company's stock valued at $1,842,000 after purchasing an additional 1,507 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Raymond James Financial initiated coverage on shares of Amcor in a research report on Tuesday, April 22nd. They issued a "market perform" rating on the stock. Truist Financial cut their price objective on Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Amcor has a consensus rating of "Moderate Buy" and an average price target of $11.31.

Amcor Trading Down 0.6%

Shares of NYSE:AMCR traded down $0.06 during mid-day trading on Friday, hitting $9.00. The company had a trading volume of 124,127,489 shares, compared to its average volume of 20,259,550. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.70 and a quick ratio of 1.16. Amcor PLC has a one year low of $8.37 and a one year high of $11.48. The firm has a fifty day moving average price of $9.24 and a 200 day moving average price of $9.58. The company has a market capitalization of $13.00 billion, a PE ratio of 16.06, a price-to-earnings-growth ratio of 2.51 and a beta of 0.73.

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

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd were paid 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 yield of 5.67%. Amcor's dividend payout ratio (DPR) is presently 91.07%.

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.