TD Asset Management Inc Has $10.75 Million Stock Holdings in Amcor PLC (NYSE:AMCR)

TD Asset Management Inc reduced its position in Amcor PLC (NYSE:AMCR - Free Report) by 12.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,107,726 shares of the company's stock after selling 164,357 shares during the quarter. TD Asset Management Inc owned approximately 0.08% of Amcor worth $10,745,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. grew its stake in Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after buying an additional 2,996 shares during the last quarter. HM Payson & Co. bought a new position in shares of Amcor during the first quarter worth about $30,000. CVA Family Office LLC increased 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 worth $32,000 after acquiring an additional 2,280 shares during the period. Quarry LP lifted its position in Amcor by 2,064.5% in the 4th quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Huntington National Bank boosted its stake in Amcor by 52.4% during the 4th quarter. Huntington National Bank now owns 4,426 shares of the company's stock valued at $42,000 after purchasing an additional 1,522 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.

Analysts Set New Price Targets

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

Amcor Price Performance

AMCR stock traded down $0.06 on Friday, hitting $9.29. 22,773,302 shares of the company's stock traded hands, compared to its average volume of 19,455,466. The stock has a market cap of $13.43 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 1.20 and a beta of 0.74. Amcor PLC has a 1-year low of $8.37 and a 1-year high of $11.48. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 2.24. The stock has a fifty day moving average of $9.34 and a 200-day moving average of $9.54.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. Amcor had a return on equity of 26.49% and a net margin of 5.99%. The company 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 company's quarterly revenue was down 2.3% compared to the same quarter last year. On average, analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

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.