Amcor plc (NYSE:AMCR) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its stake in Amcor plc (NYSE:AMCR) by 14.6% during the 4th quarter, HoldingsChannel reports. The fund owned 19,174 shares of the company’s stock after buying an additional 2,440 shares during the period. Avantax Advisory Services Inc.’s holdings in Amcor were worth $180,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its stake in shares of Amcor by 3,410.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after purchasing an additional 2,319 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Amcor by 247.4% in the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after purchasing an additional 2,660 shares in the last quarter. True Wealth Design LLC increased its holdings in Amcor by 3,794.1% in the third quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after buying an additional 3,225 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Amcor during the fourth quarter valued at approximately $44,000. Finally, SBI Securities Co. Ltd. bought a new position in Amcor during the 4th quarter worth approximately $60,000. 45.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amcor

In other news, Director Achal Agarwal bought 10,000 shares of the business’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now directly owns 88,967 shares of the company’s stock, valued at approximately $898,566.70. This trade represents a 12.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Amcor Price Performance

Shares of NYSE:AMCR opened at $9.72 on Friday. The firm’s 50 day moving average is $9.93 and its two-hundred day moving average is $10.25. The firm has a market capitalization of $14.04 billion, a P/E ratio of 17.66, a PEG ratio of 1.96 and a beta of 0.80. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a 52 week low of $8.80 and a 52 week high of $11.48.

Amcor (NYSE:AMCR) last announced its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, meeting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Investors of record on Wednesday, February 26th were issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor’s payout ratio is currently 92.73%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Bank of America upgraded Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target for the company in a report on Wednesday, December 11th. Jefferies Financial Group upgraded shares of Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup upgraded shares of Amcor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Truist Financial raised shares of Amcor from a “hold” rating to a “buy” rating and boosted their price objective for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Finally, UBS Group upgraded shares of Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus target price of $11.46.

Amcor Company Profile

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.