Vanguard Personalized Indexing Management LLC Has $690,000 Stock Position in Amcor plc (NYSE:AMCR)

Vanguard Personalized Indexing Management LLC increased its stake in shares of Amcor plc (NYSE:AMCR) by 18.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,586 shares of the company’s stock after purchasing an additional 11,008 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Amcor were worth $690,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AMCR. Riverview Trust Co bought a new position in shares of Amcor during the first quarter worth $28,000. Quent Capital LLC raised its stake in Amcor by 51.8% during the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock worth $36,000 after buying an additional 1,241 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Amcor by 132.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock worth $39,000 after acquiring an additional 2,519 shares in the last quarter. UMB Bank n.a. grew its stake in Amcor by 38.7% in the second quarter. UMB Bank n.a. now owns 4,656 shares of the company’s stock valued at $46,000 after acquiring an additional 1,299 shares during the period. Finally, ORG Partners LLC bought a new stake in shares of Amcor in the second quarter worth about $47,000. Institutional investors own 45.14% of the company’s stock.

Analyst Ratings Changes

AMCR has been the topic of several recent analyst reports. Robert W. Baird lifted their price objective on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Friday, August 16th. Wells Fargo & Company lifted their price target on shares of Amcor from $9.80 to $10.50 and gave the company an “equal weight” rating in a research note on Friday, August 16th. Citigroup increased their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Finally, Stifel Nicolaus assumed coverage on Amcor in a report on Tuesday, July 9th. They set a “hold” rating and a $10.80 target price for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $10.73.

Amcor Stock Down 1.0 %

Shares of AMCR stock opened at $11.08 on Thursday. The firm’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $10.05. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. Amcor plc has a 1 year low of $8.45 and a 1 year high of $11.45. The firm has a market capitalization of $16.01 billion, a P/E ratio of 24.62, a PEG ratio of 2.73 and a beta of 0.85.

Amcor (NYSE:AMCR) last released its earnings results on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. Amcor had a return on equity of 25.45% and a net margin of 5.35%. The business had revenue of $3.54 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business earned $0.19 earnings per share. Amcor’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts predict that Amcor plc will post 0.75 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 6th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 4.51%. Amcor’s dividend payout ratio is presently 111.11%.

Amcor 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.