Veracity Capital LLC lowered its stake in shares of Amcor plc (NYSE:AMCR) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,070 shares of the company’s stock after selling 4,809 shares during the period. Veracity Capital LLC’s holdings in Amcor were worth $1,052,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. CWM LLC grew its stake in Amcor by 112.7% in the 4th quarter. CWM LLC now owns 2,887 shares of the company’s stock valued at $34,000 after buying an additional 1,530 shares in the last quarter. Vantage Consulting Group Inc purchased a new position in Amcor in the 4th quarter valued at approximately $40,000. Freedman Financial Associates Inc. purchased a new position in Amcor in the 4th quarter valued at approximately $41,000. Harvest Fund Management Co. Ltd grew its stake in Amcor by 106.2% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 5,673 shares of the company’s stock valued at $66,000 after buying an additional 2,922 shares in the last quarter. Finally, Royal London Asset Management Ltd. purchased a new position in Amcor in the 4th quarter valued at approximately $70,000. Institutional investors own 34.95% of the company’s stock.
Shares of NYSE AMCR traded down $0.02 during mid-day trading on Monday, reaching $11.71. 190,322 shares of the company were exchanged, compared to its average volume of 6,737,961. Amcor plc has a 52 week low of $8.18 and a 52 week high of $12.40. The company has a quick ratio of 0.78, a current ratio of 1.27 and a debt-to-equity ratio of 1.34. The stock has a market capitalization of $18.29 billion, a PE ratio of 18.30, a PEG ratio of 2.02 and a beta of 0.80. The company’s 50 day moving average price is $11.54 and its 200 day moving average price is $11.39.
Amcor (NYSE:AMCR) last posted its quarterly earnings data on Monday, February 1st. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.10 billion. Amcor had a net margin of 6.00% and a return on equity of 18.75%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, sell-side analysts predict that Amcor plc will post 0.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 16th. Shareholders of record on Wednesday, February 24th were paid a $0.1175 dividend. The ex-dividend date was Tuesday, February 23rd. This is an increase from Amcor’s previous quarterly dividend of $0.12. This represents a $0.47 annualized dividend and a yield of 4.01%. Amcor’s payout ratio is currently 73.44%.
A number of research analysts recently weighed in on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating and issued a $13.00 price objective on shares of Amcor in a research note on Tuesday, January 5th. BMO Capital Markets upgraded shares of Amcor from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $11.00 to $13.00 in a research report on Thursday, February 4th. The Goldman Sachs Group assumed coverage on shares of Amcor in a research report on Friday. They set a “neutral” rating and a $12.00 price target for the company. Smith Barney Citigroup lowered shares of Amcor from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 5th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Amcor from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research report on Wednesday, January 20th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $12.49.
Amcor Company Profile
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.
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