Amcor plc (NYSE:AMCR) Stock Holdings Lessened by Inceptionr LLC

Inceptionr LLC lessened its holdings in Amcor plc (NYSE:AMCR - Free Report) by 70.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,220 shares of the company's stock after selling 124,803 shares during the period. Inceptionr LLC's holdings in Amcor were worth $491,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Private Advisor Group LLC purchased a new position in Amcor during the third quarter worth about $139,000. Robeco Institutional Asset Management B.V. increased its position in Amcor by 28.5% during the third quarter. Robeco Institutional Asset Management B.V. now owns 490,628 shares of the company's stock worth $5,559,000 after purchasing an additional 108,851 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Amcor by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,969,613 shares of the company's stock valued at $22,316,000 after purchasing an additional 105,457 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Amcor during the 3rd quarter valued at $97,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Amcor during the 3rd quarter worth $353,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Stock Down 0.6 %

Amcor stock traded down $0.07 during midday trading on Wednesday, hitting $9.94. 19,198,454 shares of the stock were exchanged, compared to its average volume of 21,370,375. Amcor plc has a 1 year low of $8.80 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. The firm has a market cap of $14.36 billion, a P/E ratio of 18.06, a P/E/G ratio of 1.96 and a beta of 0.80. The company has a 50 day moving average price of $9.88 and a two-hundred day moving average price of $10.37.

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Amcor (NYSE:AMCR - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.16. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company's revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. On average, sell-side analysts predict that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 5.13%. The ex-dividend date is Wednesday, February 26th. Amcor's dividend payout ratio (DPR) is currently 92.73%.

Insider Transactions at Amcor

In related news, Director Achal Agarwal purchased 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares of the company's stock, valued at approximately $898,566.70. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMCR shares. Jefferies Financial Group upgraded Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Bank of America upgraded shares of Amcor from an "underperform" rating to a "buy" rating and set a $12.50 price target on the stock in a report on Wednesday, December 11th. Macquarie upgraded shares of Amcor from a "neutral" rating to an "outperform" rating in a research note on Wednesday, November 27th. Citigroup raised shares of Amcor from a "neutral" rating to a "buy" rating and raised their target price for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Finally, Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and upped their price target for the stock from $10.00 to $12.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Amcor presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.46.

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.