Allspring Global Investments Holdings LLC Has $2.49 Million Stock Holdings in Amcor plc (NYSE:AMCR)

Allspring Global Investments Holdings LLC increased its position in shares of Amcor plc (NYSE:AMCRGet Rating) by 30.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 231,800 shares of the company’s stock after buying an additional 54,307 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Amcor were worth $2,486,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AMCR. Raymond James & Associates grew its position in Amcor by 13.9% during the first quarter. Raymond James & Associates now owns 222,899 shares of the company’s stock worth $2,525,000 after buying an additional 27,213 shares in the last quarter. Private Advisor Group LLC grew its position in Amcor by 33.0% during the first quarter. Private Advisor Group LLC now owns 26,878 shares of the company’s stock worth $304,000 after buying an additional 6,664 shares in the last quarter. Natixis Advisors L.P. grew its position in Amcor by 23.3% during the first quarter. Natixis Advisors L.P. now owns 121,261 shares of the company’s stock worth $1,374,000 after buying an additional 22,888 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Amcor by 5.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 202,541 shares of the company’s stock worth $2,295,000 after buying an additional 10,101 shares in the last quarter. Finally, Vontobel Holding Ltd. grew its position in Amcor by 58.5% during the first quarter. Vontobel Holding Ltd. now owns 45,244 shares of the company’s stock worth $522,000 after buying an additional 16,707 shares in the last quarter. 46.79% of the stock is owned by institutional investors and hedge funds.

Amcor Stock Down 2.2 %

Shares of AMCR opened at $11.88 on Thursday. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 21.21, a P/E/G ratio of 3.92 and a beta of 0.79. The company has a quick ratio of 0.71, a current ratio of 1.27 and a debt-to-equity ratio of 1.73. Amcor plc has a 12 month low of $10.42 and a 12 month high of $13.60. The company has a 50-day moving average price of $12.06 and a two-hundred day moving average price of $11.98.

Amcor (NYSE:AMCRGet Rating) last posted its earnings results on Tuesday, November 1st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Amcor had a net margin of 5.63% and a return on equity of 28.47%. The firm had revenue of $3.71 billion during the quarter, compared to the consensus estimate of $3.58 billion. Equities analysts predict that Amcor plc will post 0.78 EPS for the current fiscal year.

Amcor Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 13th. Stockholders of record on Wednesday, November 23rd were paid a $0.1225 dividend. The ex-dividend date was Tuesday, November 22nd. This represents a $0.49 dividend on an annualized basis and a dividend yield of 4.12%. This is a boost from Amcor’s previous quarterly dividend of $0.12. Amcor’s payout ratio is 87.50%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AMCR shares. TheStreet raised Amcor from a “c+” rating to a “b-” rating in a research report on Thursday, November 10th. Bank of America upgraded shares of Amcor from an “underperform” rating to a “buy” rating in a research note on Thursday, October 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Amcor presently has a consensus rating of “Hold” and a consensus price target of $12.15.

Insider Activity

In other news, Director Nicholas T. Long sold 5,372 shares of Amcor stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $12.40, for a total value of $66,612.80. Following the completion of the transaction, the director now owns 29,769 shares in the company, valued at $369,135.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Nicholas T. Long sold 5,372 shares of Amcor stock in a transaction that occurred on Monday, December 12th. The shares were sold at an average price of $12.40, for a total value of $66,612.80. Following the completion of the transaction, the director now owns 29,769 shares in the company, valued at $369,135.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Louis Fred Stephan sold 478,561 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $12.30, for a total transaction of $5,886,300.30. Following the completion of the sale, the insider now directly owns 112,464 shares of the company’s stock, valued at approximately $1,383,307.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,080,955 shares of company stock worth $13,145,237. Insiders own 0.61% of the company’s stock.

Amcor Company Profile

(Get Rating)

Amcor Plc operates as a holding company, which engages in the consumer packaging business. It operates through the Flexibles and Rigid Packaging segments. The Flexibles segment develops and supplies flexible packaging globally. The Rigid Plastics segment manufactures rigid plastic containers and related products.

See Also

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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