Asset Management One Co. Ltd. grew its holdings in shares of Amcor plc (NYSE:AMCR - Free Report) by 9.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,573 shares of the company's stock after acquiring an additional 47,348 shares during the period. Asset Management One Co. Ltd.'s holdings in Amcor were worth $5,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of AMCR. Larson Financial Group LLC increased its holdings in Amcor by 3,410.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company's stock worth $27,000 after acquiring an additional 2,319 shares in the last quarter. True Wealth Design LLC boosted its position in shares of Amcor by 3,794.1% in the third quarter. True Wealth Design LLC now owns 3,310 shares of the company's stock worth $38,000 after purchasing an additional 3,225 shares during the period. Signaturefd LLC increased its stake in shares of Amcor by 296.3% in the third quarter. Signaturefd LLC now owns 4,336 shares of the company's stock worth $49,000 after purchasing an additional 3,242 shares in the last quarter. Covestor Ltd raised its position in shares of Amcor by 441.0% during the 3rd quarter. Covestor Ltd now owns 7,963 shares of the company's stock valued at $90,000 after purchasing an additional 6,491 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Amcor during the 3rd quarter valued at $97,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.
Amcor Price Performance
Shares of AMCR traded down $0.16 during mid-day trading on Friday, hitting $10.24. 21,710,048 shares of the stock were exchanged, compared to its average volume of 18,910,525. The firm has a 50-day moving average of $9.72 and a two-hundred day moving average of $10.42. Amcor plc has a 52-week low of $8.80 and a 52-week high of $11.48. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. The company has a market cap of $14.79 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84.
Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm earned $0.09 earnings per share. Amcor's revenue was down .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 year.
Amcor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th will be given a $0.1275 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.51 annualized dividend and a yield of 4.98%. Amcor's dividend payout ratio is currently 92.73%.
Analyst Ratings Changes
A number of research firms have commented on AMCR. Citigroup raised Amcor from a "neutral" rating to a "buy" rating and raised their price target for the company from $11.00 to $12.00 in a report on Monday, January 6th. Truist Financial raised Amcor from a "hold" rating to a "buy" rating and lifted their target price for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Bank of America upgraded Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target for the company in a research note on Wednesday, December 11th. UBS Group upgraded shares of Amcor from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Finally, Jefferies Financial Group raised shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and an average target price of $11.46.
Read Our Latest Stock Analysis 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
Before you consider Amcor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Amcor wasn't on the list.
While Amcor currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
