Landscape Capital Management L.L.C. bought a new stake in Amcor plc (NYSE:AMCR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 65,680 shares of the company's stock, valued at approximately $618,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in Amcor by 247.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after acquiring an additional 2,660 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Amcor in the 4th quarter worth $44,000. Huntington National Bank grew its stake in shares of Amcor by 52.4% during the fourth quarter. Huntington National Bank now owns 4,426 shares of the company's stock worth $42,000 after purchasing an additional 1,522 shares during the period. SBI Securities Co. Ltd. bought a new stake in Amcor in the fourth quarter valued at about $60,000. Finally, Steward Partners Investment Advisory LLC lifted its stake in Amcor by 11,326.6% in the fourth 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 during the period. Institutional investors own 45.14% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on AMCR shares. Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a report on Monday, February 3rd. Finally, Truist Financial upgraded shares of Amcor from a "hold" rating to a "buy" rating and increased their target price for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Amcor currently has a consensus rating of "Moderate Buy" and a consensus target price of $11.46.
View Our Latest Analysis on AMCR
Amcor Stock Up 1.3 %
Shares of AMCR stock traded up $0.12 during trading hours on Friday, hitting $9.14. 26,327,704 shares of the company were exchanged, compared to its average volume of 14,417,641. Amcor plc has a 52 week low of $8.37 and a 52 week high of $11.48. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The business has a 50 day moving average of $9.81 and a two-hundred day moving average of $10.10. The company has a market capitalization of $13.20 billion, a PE ratio of 16.63, a PEG ratio of 1.96 and a beta of 0.78.
Amcor (NYSE:AMCR - Get Free Report) last released 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 firm had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company's revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 EPS. Analysts anticipate that Amcor plc will post 0.74 earnings per share for the current fiscal year.
Amcor Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date was 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 that occurred on Thursday, February 27th. The stock was purchased at an average cost 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. Company insiders own 0.60% of the company's stock.
About Amcor
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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.
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