Hantz Financial Services Inc. lifted its holdings in shares of Amcor PLC (NYSE:AMCR – Free Report) by 155.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,800 shares of the company’s stock after buying an additional 20,582 shares during the period. Hantz Financial Services Inc.’s holdings in Amcor were worth $282,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its holdings in shares of Amcor by 7.2% in the third quarter. State Street Corp now owns 139,077,241 shares of the company’s stock valued at $1,137,652,000 after buying an additional 9,375,255 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Amcor by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock valued at $945,222,000 after buying an additional 1,845,627 shares in the last quarter. M&G PLC increased its holdings in shares of Amcor by 26.6% in the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock valued at $866,672,000 after buying an additional 22,737,979 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Amcor by 29.9% in the third quarter. Invesco Ltd. now owns 47,111,558 shares of the company’s stock valued at $385,373,000 after buying an additional 10,846,351 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Amcor by 35.8% in the third quarter. Bank of America Corp DE now owns 20,106,761 shares of the company’s stock valued at $164,473,000 after buying an additional 5,299,012 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Amcor Trading Down 1.0%
NYSE AMCR opened at $38.87 on Friday. Amcor PLC has a twelve month low of $36.25 and a twelve month high of $50.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. The stock has a market cap of $17.97 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 1.19 and a beta of 0.63. The firm’s 50 day moving average price is $39.45 and its two-hundred day moving average price is $42.27.
Amcor Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.7%. Amcor’s dividend payout ratio is 181.82%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Weiss Ratings raised Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup dropped their price target on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wells Fargo & Company set a $41.00 price target on Amcor and gave the company an “equal weight” rating in a report on Wednesday, May 20th. Truist Financial reaffirmed a “buy” rating and issued a $51.00 price target (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.33.
Check Out Our Latest Report on Amcor
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.
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