TD Private Client Wealth LLC lessened its stake in Amcor PLC (NYSE:AMCR – Free Report) by 31.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,398 shares of the company’s stock after selling 118,448 shares during the period. TD Private Client Wealth LLC owned 0.06% of Amcor worth $2,163,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Amcor by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock valued at $2,596,000 after purchasing an additional 20,757 shares during the period. Focus Partners Wealth increased its position in Amcor by 11.3% during the first quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after buying an additional 4,396 shares during the period. Sivia Capital Partners LLC purchased a new stake in Amcor in the second quarter valued at approximately $138,000. Arrowstreet Capital Limited Partnership purchased a new stake in Amcor in the second quarter valued at approximately $6,426,000. Finally, CW Advisors LLC purchased a new stake in Amcor in the second quarter valued at approximately $228,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.
Amcor Trading Down 2.1%
Shares of AMCR stock opened at $36.71 on Wednesday. The company has a market capitalization of $16.97 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 1.13 and a beta of 0.63. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. The business’s 50 day moving average is $39.83 and its two-hundred day moving average is $42.36. Amcor PLC has a twelve month low of $36.47 and a twelve month high of $50.94.
Amcor Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a yield of 7.1%. Amcor’s dividend payout ratio is presently 181.82%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on AMCR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 target price on the stock. Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. Truist Financial reiterated a “buy” rating and set a $51.00 price target (up from $50.00) on shares of Amcor in a research note on Thursday, May 7th. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research report on Wednesday, January 28th. Finally, Robert W. Baird set a $54.00 price objective on shares of Amcor in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.56.
Get Our Latest Research Report on AMCR
Amcor Profile
Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.
Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.
Read More
- Five stocks we like better than Amcor
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
- Why Home Depot’s Sell-Off Could Become a Huge Opportunity
Receive News & Ratings for Amcor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amcor and related companies with MarketBeat.com's FREE daily email newsletter.
