Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in Amcor plc (NYSE:AMCR - Free Report) by 23.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 about 0.06% of Amcor worth $8,523,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings 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 valued at $32,000 after acquiring an additional 2,280 shares in the last quarter. Quarry LP grew 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 purchasing an additional 3,551 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Amcor by 247.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after purchasing an additional 2,660 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Amcor during the 4th quarter worth approximately $44,000. Finally, Huntington National Bank raised its stake in shares of Amcor by 52.4% during the 4th quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after purchasing an additional 1,522 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Amcor Stock Performance
Shares of AMCR stock opened at $9.19 on Tuesday. Amcor plc has a 52 week low of $8.37 and a 52 week high of $11.48. The company has a market capitalization of $13.29 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.96 and a beta of 0.73. The company has a 50-day simple moving average of $9.23 and a 200 day simple moving average of $9.59. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26.
Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, sell-side analysts predict that Amcor plc will post 0.74 earnings per share for the current year.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd were given a $0.1275 dividend. 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 5.55%. Amcor's payout ratio is presently 91.07%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on AMCR shares. Raymond James assumed coverage on shares of Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Truist Financial lowered their price objective on shares of Amcor from $12.00 to $11.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $11.31.
Read Our Latest Research Report on AMCR
Amcor Profile
(
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.
Further Reading
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