Cibc World Market Inc. Has $167,000 Stock Holdings in Amcor plc (NYSE:AMCR)

Cibc World Market Inc. decreased its position in shares of Amcor plc (NYSE:AMCRGet Rating) by 18.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,424 shares of the company’s stock after selling 3,087 shares during the period. Cibc World Market Inc.’s holdings in Amcor were worth $167,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hexagon Capital Partners LLC raised its stake in shares of Amcor by 1,680.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 2,422 shares of the company’s stock worth $30,000 after purchasing an additional 2,286 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in Amcor by 81.2% in the second quarter. First Horizon Advisors Inc. now owns 3,076 shares of the company’s stock valued at $37,000 after acquiring an additional 1,378 shares during the last quarter. Clear Street Markets LLC grew its position in Amcor by 406.6% in the second quarter. Clear Street Markets LLC now owns 3,141 shares of the company’s stock worth $39,000 after acquiring an additional 2,521 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amcor by 78.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,493 shares of the company’s stock worth $51,000 after purchasing an additional 1,982 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Amcor during the 2nd quarter valued at $52,000. Hedge funds and other institutional investors own 47.76% of the company’s stock.

Insider Transactions at Amcor

In related news, insider Michael J. Zacka sold 1,429,959 shares of the stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $12.15, for a total value of $17,374,001.85. Following the completion of the sale, the insider now owns 209,115 shares in the company, valued at $2,540,747.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Michael J. Zacka sold 1,429,959 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $12.15, for a total transaction of $17,374,001.85. Following the sale, the insider now directly owns 209,115 shares in the company, valued at $2,540,747.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Louis Fred Stephan sold 27,500 shares of the firm’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $12.46, for a total value of $342,650.00. Following the completion of the transaction, the insider now directly owns 112,464 shares of the company’s stock, valued at $1,401,301.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,839,604 shares of company stock worth $22,434,476. 0.61% of the stock is currently owned by company insiders.

Amcor Price Performance

NYSE AMCR opened at $12.08 on Friday. The stock has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $12.13. Amcor plc has a twelve month low of $10.42 and a twelve month high of $13.60. The stock has a market capitalization of $17.99 billion, a PE ratio of 21.57, a P/E/G ratio of 3.87 and a beta of 0.79. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.71 and a current ratio of 1.27.

Amcor (NYSE:AMCRGet Rating) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.58 billion. Amcor had a return on equity of 28.47% and a net margin of 5.63%. Research analysts anticipate that Amcor plc will post 0.78 EPS for the current year.

Amcor Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Wednesday, November 23rd will be given a $0.1225 dividend. This represents a $0.49 annualized dividend and a yield of 4.06%. This is a positive change from Amcor’s previous quarterly dividend of $0.12. The ex-dividend date is Tuesday, November 22nd. Amcor’s dividend payout ratio (DPR) is currently 87.50%.

Analysts Set New Price Targets

AMCR has been the subject of a number of recent research reports. Bank of America upgraded shares of Amcor from an “underperform” rating to a “buy” rating in a report on Thursday, October 13th. Macquarie downgraded Amcor from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 18th. Jefferies Financial Group cut Amcor from a “hold” rating to an “underperform” rating in a research report on Thursday, August 18th. TheStreet raised shares of Amcor from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th. Finally, Morgan Stanley cut shares of Amcor from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.15.

About Amcor

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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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