2 weeks Ago By ABMN Staff
HBK Sorce Advisory LLC increased its position in shares of Amcor plc ( NYSE:AMCR – Free Report ) by 31.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,003 shares of the company’s stock after buying an additional 4,550 shares during the period.
HBK Sorce Advisory LLC’s holdings in Amcor were worth $186,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc.
increased its position in shares of Amcor by 2.1% during the first quarter. Vanguard Group Inc.
now owns 56,749,318 shares of the company’s stock worth $539,686,000 after acquiring an additional 1,170,986 shares during the last quarter. M&G Plc increased its holdings in Amcor by 2,741.7% during the 2nd quarter.
M&G Plc now owns 47,164,358 shares of the company’s stock worth $471,644,000 after purchasing an additional 45,504,608 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Amcor by 11.
3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,604,159 shares of the company’s stock valued at $195,946,000 after purchasing an additional 2,086,698 shares in the last quarter.
Wellington Management Group LLP purchased a new position in shares of Amcor during the 4th quarter valued at approximately $155,438,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Amcor by 9.5% during the 4th quarter.
Dimensional Fund Advisors LP now owns 12,730,444 shares of the company’s stock valued at $122,735,000 after buying an additional 1,101,845 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.
Amcor Stock Performance Shares of NYSE AMCR opened at $10.99 on Monday. The stock has a market capitalization of $15.
88 billion, a P/E ratio of 24.42, a P/E/G ratio of 2.68 and a beta of 0.
85. The firm’s 50-day moving average price is $10.60 and its two-hundred day moving average price is $9.
96. Amcor plc has a 52-week low of $8.45 and a 52-week high of $11.
45. The company has a quick ratio of 0.69, a current ratio of 1.
17 and a debt-to-equity ratio of 1.67. Amcor Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th.
Investors of record on Friday, September 6th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 6th.
This represents a $0.50 annualized dividend and a yield of 4.55%.
Amcor’s dividend payout ratio is presently 111.11%. Wall Street Analyst Weigh In AMCR has been the topic of several recent analyst reports.
Robert W. Baird upped their price target on shares of Amcor from $10.00 to $11.
00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company upped their target price on shares of Amcor from $9.80 to $10.
50 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Stifel Nicolaus initiated coverage on Amcor in a research note on Tuesday, July 9th. They issued a “hold” rating and a $10.
80 price target for the company. JPMorgan Chase & Co. upped their price objective on Amcor from $10.
00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, Citigroup lifted their target price on Amcor from $10.
00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock.
According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.73.
Check Out Our Latest Analysis on Amcor About Amcor ( Free Report ) 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.
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