Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,314 Shares of Amcor plc (NYSE:AMCR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of Amcor plc (NYSE:AMCR) by 2.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 307,323 shares of the company’s stock after selling 7,314 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Amcor were worth $2,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMCR. Larson Financial Group LLC increased its stake in 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 buying an additional 2,319 shares during the last quarter. True Wealth Design LLC grew its holdings in shares of Amcor by 3,794.1% in the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after acquiring an additional 3,225 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Amcor by 247.4% in the fourth quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock valued at $35,000 after acquiring an additional 2,660 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Amcor during the fourth quarter worth about $44,000. Finally, SBI Securities Co. Ltd. acquired a new position in Amcor during the fourth quarter valued at approximately $60,000. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Up 1.1 %

Shares of AMCR stock opened at $9.54 on Tuesday. Amcor plc has a 12-month low of $8.80 and a 12-month high of $11.48. The company has a market capitalization of $13.79 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The firm has a 50 day moving average price of $9.93 and a two-hundred day moving average price of $10.27. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the firm posted $0.09 EPS. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, analysts predict that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 5.34%. The ex-dividend date was Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is 92.73%.

Insider Buying and Selling at Amcor

In related news, Director Achal Agarwal acquired 10,000 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the purchase, the director now directly owns 88,967 shares in the company, valued at approximately $898,566.70. The trade was a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on AMCR. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and boosted 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 upped their price target for the stock from $10.00 to $12.00 in a research report on Monday, January 6th. Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a research report on Wednesday, December 11th. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently 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.