Waddell & Associates LLC Takes $208,000 Position in Amcor PLC $AMCR

Waddell & Associates LLC bought a new position in Amcor PLC (NYSE:AMCRFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,947 shares of the company’s stock, valued at approximately $208,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brown Lisle Cummings Inc. grew its holdings in shares of Amcor by 137.9% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after purchasing an additional 2,000 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Amcor by 46.1% in the fourth quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after purchasing an additional 1,257 shares during the last quarter. N.E.W. Advisory Services LLC grew its holdings in shares of Amcor by 10.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after purchasing an additional 373 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Amcor in the second quarter worth approximately $36,000. Finally, Huntington National Bank grew its holdings in shares of Amcor by 81.8% in the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after purchasing an additional 2,020 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 1.5%

Shares of NYSE AMCR opened at $38.27 on Thursday. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. Amcor PLC has a 12 month low of $36.25 and a 12 month high of $50.94. The firm has a market capitalization of $17.69 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 1.17 and a beta of 0.64. The firm has a fifty day simple moving average of $39.30 and a two-hundred day simple moving average of $42.04.

Amcor (NYSE:AMCRGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 EPS for the quarter, hitting the consensus estimate of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same period in the prior year, the business earned $0.90 EPS. The company’s revenue for the quarter was up 77.4% on a year-over-year basis. Equities analysts expect that Amcor PLC will post 3.97 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be issued a $0.65 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.60 annualized dividend and a yield of 6.8%. Amcor’s dividend payout ratio is 181.82%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and issued a $51.00 target price (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. Citigroup cut their target price on shares of Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings upgraded shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. JPMorgan Chase & Co. cut their target price on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Wells Fargo & Company set a $41.00 target price on shares of Amcor and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average target price of $49.33.

Get Our Latest Stock Report on Amcor

About Amcor

(Free Report)

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.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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