Amcor (NYSE:AMCR) Sets New 1-Year High at $10.47

Amcor plc (NYSE:AMCR - Get Free Report)'s stock price reached a new 52-week high on Monday . The company traded as high as $10.47 and last traded at $10.46, with a volume of 335132 shares changing hands. The stock had previously closed at $10.36.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price target on shares of Amcor from $9.90 to $10.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st.

Amcor Stock Up 0.1 %

The business's 50 day moving average is $9.35 and its 200 day moving average is $9.36. The company has a market capitalization of $14.99 billion, a price-to-earnings ratio of 23.04, a PEG ratio of 5.65 and a beta of 0.79. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.75 and a current ratio of 1.29.

Amcor (NYSE:AMCR - Get Free Report) last released its earnings results on Tuesday, April 30th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $3.41 billion during the quarter, compared to analysts' expectations of $3.49 billion. Amcor had a net margin of 4.75% and a return on equity of 24.66%. Amcor's revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. Sell-side analysts anticipate that Amcor plc will post 0.7 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.82%. The ex-dividend date is Tuesday, May 21st. Amcor's payout ratio is 111.11%.

Institutional Trading of Amcor

Several institutional investors and hedge funds have recently bought and sold shares of the business. NorthRock Partners LLC lifted its stake in shares of Amcor by 2.0% in the 1st quarter. NorthRock Partners LLC now owns 54,237 shares of the company's stock valued at $516,000 after purchasing an additional 1,050 shares during the period. Wealth Alliance lifted its stake in shares of Amcor by 1.9% in the 4th quarter. Wealth Alliance now owns 55,592 shares of the company's stock valued at $536,000 after purchasing an additional 1,061 shares during the period. Czech National Bank lifted its stake in shares of Amcor by 0.5% in the 1st quarter. Czech National Bank now owns 254,309 shares of the company's stock valued at $2,418,000 after purchasing an additional 1,166 shares during the period. Global Retirement Partners LLC lifted its stake in shares of Amcor by 17.0% in the 4th quarter. Global Retirement Partners LLC now owns 8,397 shares of the company's stock valued at $80,000 after purchasing an additional 1,222 shares during the period. Finally, Park Avenue Securities LLC lifted its stake in shares of Amcor by 3.9% in the 3rd quarter. Park Avenue Securities LLC now owns 34,023 shares of the company's stock valued at $312,000 after purchasing an additional 1,279 shares during the period. 45.14% of the stock is currently owned by institutional investors and hedge funds.

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.