Greenleaf Trust Invests $128,000 in Amcor plc (NYSE:AMCR)

Greenleaf Trust bought a new stake in shares of Amcor plc (NYSE:AMCR) in the 3rd quarter, Holdings Channel.com reports. The firm bought 11,264 shares of the company’s stock, valued at approximately $128,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Rise Advisors LLC purchased a new position in shares of Amcor in the third quarter valued at about $35,000. ORG Wealth Partners LLC bought a new stake in shares of Amcor in the third quarter worth about $35,000. Quent Capital LLC increased its holdings in Amcor by 51.8% during the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock valued at $36,000 after purchasing an additional 1,241 shares during the period. Signaturefd LLC increased its holdings in Amcor by 296.3% during the 3rd quarter. Signaturefd LLC now owns 4,336 shares of the company’s stock valued at $49,000 after purchasing an additional 3,242 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Amcor by 132.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock valued at $39,000 after purchasing an additional 2,519 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Down 0.6 %

NYSE:AMCR opened at $11.00 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.17 and a quick ratio of 0.69. The firm’s 50-day moving average price is $11.13 and its 200-day moving average price is $10.35. The company has a market capitalization of $15.90 billion, a PE ratio of 24.44, a P/E/G ratio of 2.72 and a beta of 0.85. Amcor plc has a 1-year low of $8.53 and a 1-year high of $11.48.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the company earned $0.19 earnings per share. The business’s revenue was down 3.8% compared to the same quarter last year. On average, equities analysts predict that Amcor plc will post 0.75 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Friday, September 6th. Amcor’s dividend payout ratio (DPR) is presently 111.11%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Robert W. Baird upped their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Citigroup lifted their target price on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Wells Fargo & Company increased their price target on shares of Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Finally, Stifel Nicolaus began coverage on Amcor in a research report on Tuesday, July 9th. They set a “hold” rating and a $10.80 price objective on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.78.

About Amcor

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.