Amcor plc (NYSE:AMCR) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Amcor plc (NYSE:AMCR) by 29.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,358 shares of the company’s stock after acquiring an additional 3,517 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Amcor were worth $175,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Zions Bancorporation N.A. boosted its holdings in Amcor by 53.7% in the first quarter. Zions Bancorporation N.A. now owns 355,770 shares of the company’s stock worth $4,049,000 after acquiring an additional 124,265 shares in the last quarter. Weiss Asset Management LP acquired a new stake in shares of Amcor during the first quarter worth about $3,357,000. Credit Suisse AG lifted its holdings in shares of Amcor by 3.3% during the first quarter. Credit Suisse AG now owns 3,043,524 shares of the company’s stock worth $34,635,000 after purchasing an additional 96,170 shares during the period. LPL Financial LLC lifted its holdings in shares of Amcor by 38.1% during the first quarter. LPL Financial LLC now owns 2,293,253 shares of the company’s stock worth $26,097,000 after purchasing an additional 632,455 shares during the period. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its holdings in shares of Amcor by 697.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 4,504 shares of the company’s stock worth $51,000 after purchasing an additional 3,939 shares during the period. Institutional investors and hedge funds own 49.52% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on AMCR shares. Jefferies Financial Group raised Amcor from an “underperform” rating to a “hold” rating in a report on Wednesday, May 3rd. JPMorgan Chase & Co. raised Amcor from a “neutral” rating to an “overweight” rating and decreased their target price for the stock from $11.60 to $10.80 in a report on Wednesday, May 3rd. Finally, Bank of America downgraded Amcor from a “buy” rating to an “underperform” rating in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Amcor has an average rating of “Hold” and a consensus price target of $10.80.

Insider Buying and Selling at Amcor

In other Amcor news, Director Arun Nayar sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $9.40, for a total value of $282,000.00. Following the completion of the transaction, the director now directly owns 45,072 shares of the company’s stock, valued at $423,676.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Amcor Trading Up 0.4 %

Shares of NYSE:AMCR opened at $9.75 on Thursday. Amcor plc has a 12-month low of $9.25 and a 12-month high of $12.78. The company has a market capitalization of $14.12 billion, a PE ratio of 13.73, a PEG ratio of 6.35 and a beta of 0.80. The business has a 50 day moving average of $9.83 and a two-hundred day moving average of $10.40. The company has a current ratio of 1.19, a quick ratio of 0.69 and a debt-to-equity ratio of 1.63.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Thursday, September 7th will be issued a $0.1225 dividend. This represents a $0.49 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Wednesday, September 6th. Amcor’s payout ratio is presently 69.01%.

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.