National Bank of Canada FI Has $6.37 Million Stake in Amcor plc (NYSE:AMCR)

National Bank of Canada FI decreased its position in Amcor plc (NYSE:AMCR - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 676,843 shares of the company's stock after selling 61,890 shares during the quarter. National Bank of Canada FI's holdings in Amcor were worth $6,369,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in Amcor by 247.4% during the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company's stock worth $35,000 after buying an additional 2,660 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Amcor during the 4th quarter valued at $44,000. SBI Securities Co. Ltd. bought a new stake in shares of Amcor during the 4th quarter worth $60,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Amcor by 11,326.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company's stock worth $69,000 after acquiring an additional 7,249 shares during the last quarter. Finally, Graypoint LLC acquired a new stake in shares of Amcor during the fourth quarter worth $97,000. Institutional investors own 45.14% of the company's stock.

Wall Street Analyst Weigh In

AMCR has been the subject of a number of recent analyst reports. Citigroup upgraded Amcor from a "neutral" rating to a "buy" rating and increased their price target for the company from $11.00 to $12.00 in a research report on Monday, January 6th. Truist Financial raised shares of Amcor from a "hold" rating to a "buy" rating and lifted their target price for the stock from $10.00 to $12.00 in a research report on Monday, January 6th. Finally, Jefferies Financial Group upgraded shares of Amcor from a "hold" rating to a "buy" rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amcor presently has a consensus rating of "Moderate Buy" and an average price target of $11.46.

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Insider Transactions at Amcor

In other Amcor news, Director Achal Agarwal purchased 10,000 shares of the company's stock in a transaction dated Thursday, February 27th. The shares were bought at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the purchase, the director now directly owns 88,967 shares in the company, valued at $898,566.70. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.60% of the company's stock.

Amcor Stock Up 3.5 %

AMCR traded up $0.32 on Friday, reaching $9.34. 70,004,898 shares of the company traded hands, compared to its average volume of 14,622,140. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.96 and a beta of 0.78. 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 stock's 50 day moving average price is $9.79 and its 200-day moving average price is $10.09. Amcor plc has a 52-week low of $8.37 and a 52-week high of $11.48.

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

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor's payout ratio is currently 92.73%.

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.