Amcor PLC (NYSE:AMCR) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in Amcor PLC (NYSE:AMCRFree Report) by 2.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 168,059 shares of the company’s stock after selling 5,067 shares during the period. Mutual of America Capital Management LLC’s holdings in Amcor were worth $1,630,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Diversify Wealth Management LLC increased its stake in Amcor by 27.7% during the 1st quarter. Diversify Wealth Management LLC now owns 407,031 shares of the company’s stock valued at $3,798,000 after buying an additional 88,182 shares during the period. Xponance Inc. increased its stake in shares of Amcor by 2.1% during the first quarter. Xponance Inc. now owns 200,777 shares of the company’s stock valued at $1,948,000 after acquiring an additional 4,096 shares during the period. Cerity Partners LLC raised its holdings in Amcor by 8.9% during the first quarter. Cerity Partners LLC now owns 83,560 shares of the company’s stock worth $811,000 after purchasing an additional 6,834 shares in the last quarter. Code Waechter LLC lifted its position in Amcor by 26.4% in the first quarter. Code Waechter LLC now owns 18,569 shares of the company’s stock worth $180,000 after purchasing an additional 3,879 shares during the period. Finally, Alps Advisors Inc. boosted its stake in Amcor by 0.9% during the 1st quarter. Alps Advisors Inc. now owns 2,470,170 shares of the company’s stock valued at $23,961,000 after purchasing an additional 23,135 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Up 0.1%

Shares of Amcor stock opened at $9.52 on Monday. The stock has a 50 day moving average price of $9.28 and a two-hundred day moving average price of $9.53. The company has a quick ratio of 1.16, a current ratio of 1.70 and a debt-to-equity ratio of 2.24. Amcor PLC has a 12-month low of $8.37 and a 12-month high of $11.48. The stock has a market capitalization of $13.76 billion, a P/E ratio of 17.00, a PEG ratio of 1.22 and a beta of 0.73.

Amcor (NYSE:AMCRGet Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Amcor had a net margin of 5.99% and a return on equity of 26.49%. The company had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. Equities analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd were issued a dividend of $0.1275 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.36%. Amcor’s payout ratio is presently 91.07%.

Analysts Set New Price Targets

AMCR has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday. Raymond James Financial assumed coverage on shares of Amcor in a research report on Tuesday, April 22nd. They issued a “market perform” rating on the stock. Jefferies Financial Group assumed coverage on Amcor in a research report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price objective for the company. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Finally, Truist Financial set a $11.00 target price on Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average price target of $11.51.

View Our Latest Analysis on Amcor

About Amcor

(Free Report)

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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