Teacher Retirement System of Texas Boosts Holdings in Amcor PLC (NYSE:AMCR)

Teacher Retirement System of Texas boosted its stake in Amcor PLC (NYSE:AMCR - Free Report) by 1,462.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 211,301 shares of the company's stock after purchasing an additional 197,774 shares during the quarter. Teacher Retirement System of Texas' holdings in Amcor were worth $2,050,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMCR. Jones Financial Companies Lllp raised 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 valued at $35,000 after buying an additional 2,660 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Amcor by 11,326.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company's stock valued at $69,000 after buying an additional 7,249 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Amcor by 0.9% during the 4th quarter. Victory Capital Management Inc. now owns 439,324 shares of the company's stock valued at $4,134,000 after buying an additional 3,993 shares in the last quarter. Assetmark Inc. raised its position in shares of Amcor by 3.0% during the 4th quarter. Assetmark Inc. now owns 72,915 shares of the company's stock valued at $686,000 after buying an additional 2,119 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Amcor during the 4th quarter valued at about $314,000. Hedge funds and other institutional investors own 45.14% of the company's stock.

Amcor Trading Down 0.3%

AMCR stock traded down $0.03 during mid-day trading on Monday, reaching $9.63. The company had a trading volume of 15,125,155 shares, compared to its average volume of 21,169,296. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.70 and a quick ratio of 1.16. The company has a market capitalization of $13.92 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.22 and a beta of 0.73. The firm has a 50 day moving average of $9.26 and a 200 day moving average of $9.53. Amcor PLC has a 12 month low of $8.37 and a 12 month high of $11.48.

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, meeting analysts' consensus estimates of $0.18. Amcor had a net margin of 5.99% and a return on equity of 26.49%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the firm earned $0.13 earnings per share. The company's quarterly revenue was down 2.3% on a year-over-year basis. On average, equities analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Thursday, May 22nd were given a dividend of $0.1275 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a yield of 5.30%. Amcor's payout ratio is 91.07%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMCR. Wells Fargo & Company began coverage on shares of Amcor in a report on Thursday, June 26th. They set an "overweight" rating and a $10.00 price target on the stock. Raymond James Financial began coverage on shares of Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Jefferies Financial Group began coverage on shares of Amcor in a report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price target on the stock. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Finally, Truist Financial set a $11.00 price target on shares of Amcor and gave the company a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Amcor has an average rating of "Moderate Buy" and an average target price of $11.37.

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.