Amcor PLC (NYSE:AMCR) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in Amcor PLC (NYSE:AMCR - Free Report) by 1,462.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 211,301 shares of the company's stock after acquiring an additional 197,774 shares during the period. Teacher Retirement System of Texas' holdings in Amcor were worth $2,050,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of AMCR. Vanguard Group Inc. lifted its holdings in shares of Amcor by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 58,986,593 shares of the company's stock worth $555,064,000 after acquiring an additional 1,249,868 shares during the last quarter. Geode Capital Management LLC lifted its stake in Amcor by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 36,856,793 shares of the company's stock worth $345,952,000 after acquiring an additional 539,756 shares during the period. Invesco Ltd. grew its holdings in Amcor by 16.0% during the 4th quarter. Invesco Ltd. now owns 30,425,121 shares of the company's stock worth $286,300,000 after acquiring an additional 4,199,209 shares in the last quarter. Wellington Management Group LLP grew its holdings in Amcor by 25.1% during the 4th quarter. Wellington Management Group LLP now owns 27,971,885 shares of the company's stock worth $263,215,000 after acquiring an additional 5,614,233 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Amcor by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 18,700,717 shares of the company's stock worth $175,967,000 after acquiring an additional 1,886,794 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Trading Down 1.8%

Shares of AMCR stock traded down $0.18 during trading on Friday, hitting $9.65. 14,423,568 shares of the stock traded hands, compared to its average volume of 21,096,547. Amcor PLC has a 52-week low of $8.37 and a 52-week high of $11.48. The firm has a market capitalization of $13.95 billion, a P/E ratio of 17.23, a price-to-earnings-growth ratio of 2.37 and a beta of 0.73. The firm's fifty day moving average price is $9.24 and its 200-day moving average price is $9.52. 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 (NYSE:AMCR - Get Free Report) last issued 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 firm had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amcor had a return on equity of 26.49% and a net margin of 5.99%. The company's quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. As a group, research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd were issued a $0.1275 dividend. The ex-dividend date was Thursday, May 22nd. This represents a $0.51 annualized dividend and a dividend yield of 5.28%. Amcor's dividend payout ratio is currently 91.07%.

Analyst Ratings Changes

AMCR has been the topic of a number of recent research reports. Jefferies Financial Group assumed coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Wells Fargo & Company started coverage on Amcor in a research report on Thursday, June 26th. They issued an "overweight" rating and a $10.00 price target for the company. Raymond James Financial started coverage on Amcor in a research report on Tuesday, April 22nd. They issued a "market perform" rating for the company. Finally, Truist Financial reduced their price target on Amcor from $12.00 to $11.00 and set a "buy" rating for the company in a research 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.