Commonwealth Equity Services LLC Grows Position in Amcor plc (NYSE:AMCR)

Commonwealth Equity Services LLC raised its position in shares of Amcor plc (NYSE:AMCRGet Rating) by 5.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,837 shares of the company’s stock after buying an additional 33,217 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Amcor were worth $7,158,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMCR. Bessemer Group Inc. grew its holdings in Amcor by 14.9% during the 4th quarter. Bessemer Group Inc. now owns 12,276 shares of the company’s stock valued at $148,000 after buying an additional 1,595 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Amcor in the 4th quarter valued at approximately $1,985,000. CWM LLC bought a new stake in shares of Amcor in the 4th quarter valued at approximately $43,000. Xponance Inc. lifted its stake in shares of Amcor by 22.7% in the 4th quarter. Xponance Inc. now owns 96,721 shares of the company’s stock valued at $1,162,000 after purchasing an additional 17,910 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of Amcor by 1.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 857,710 shares of the company’s stock valued at $10,301,000 after purchasing an additional 9,200 shares during the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.

Insider Buying and Selling at Amcor

In other Amcor news, EVP Ian Wilson sold 54,060 shares of Amcor stock in a transaction on Friday, May 6th. The stock was sold at an average price of $12.64, for a total transaction of $683,318.40. Following the completion of the sale, the executive vice president now directly owns 150,138 shares of the company’s stock, valued at approximately $1,897,744.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Amcor news, EVP Ian Wilson sold 54,060 shares of Amcor stock in a transaction on Friday, May 6th. The stock was sold at an average price of $12.64, for a total transaction of $683,318.40. Following the completion of the sale, the executive vice president now directly owns 150,138 shares of the company’s stock, valued at approximately $1,897,744.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Julie Marie Sorrells sold 17,283 shares of Amcor stock in a transaction on Friday, May 6th. The shares were sold at an average price of $12.55, for a total value of $216,901.65. Following the sale, the vice president now directly owns 20,733 shares of the company’s stock, valued at $260,199.15. The disclosure for this sale can be found here. Insiders sold a total of 951,350 shares of company stock valued at $12,057,859 in the last ninety days. Corporate insiders own 0.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMCR shares. CLSA started coverage on Amcor in a research note on Tuesday, July 19th. They issued a “buy” rating for the company. TheStreet raised Amcor from a “c” rating to a “b” rating in a research note on Friday, May 13th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.70.

Amcor Price Performance

Shares of AMCR stock opened at $12.75 on Wednesday. Amcor plc has a 52-week low of $10.66 and a 52-week high of $13.60. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.85 and a current ratio of 1.39. The firm has a market capitalization of $19.16 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.19 and a beta of 0.76. The stock has a 50 day moving average price of $12.64 and a 200 day moving average price of $12.11.

Amcor (NYSE:AMCRGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The firm had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.40 billion. Amcor had a return on equity of 26.05% and a net margin of 6.75%. Amcor’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. As a group, sell-side analysts predict that Amcor plc will post 0.8 earnings per share for the current year.

Amcor Profile

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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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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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