Atlantic Family Wealth LLC Has $250,000 Stock Holdings in Amcor PLC $AMCR

Atlantic Family Wealth LLC decreased its position in shares of Amcor PLC (NYSE:AMCR) by 76.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,279 shares of the company’s stock after selling 20,911 shares during the quarter. Atlantic Family Wealth LLC’s holdings in Amcor were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new stake in Amcor in the first quarter valued at approximately $25,000. Palladiem LLC bought a new position in shares of Amcor during the first quarter worth $34,000. Root Financial Partners LLC bought a new position in shares of Amcor during the first quarter worth $41,000. American Capital Advisory LLC acquired a new position in shares of Amcor in the 1st quarter valued at $44,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Amcor in the 1st quarter valued at $49,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Down 1.6%

NYSE:AMCR opened at $43.22 on Tuesday. Amcor PLC has a twelve month low of $36.25 and a twelve month high of $50.94. The firm has a market capitalization of $19.98 billion, a price-to-earnings ratio of 30.22, a price-to-earnings-growth ratio of 1.38 and a beta of 0.62. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 1.30. The stock’s 50 day moving average price is $40.71 and its two-hundred day moving average price is $42.19.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was up 77.4% compared to the same quarter last year. Equities research analysts expect that Amcor PLC will post 3.97 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th were paid a $0.65 dividend. The ex-dividend date was Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a yield of 6.0%. Amcor’s dividend payout ratio (DPR) is currently 181.82%.

Wall Street Analyst Weigh In

AMCR has been the topic of several research analyst reports. Bank of America raised their price objective on Amcor from $48.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. decreased their target price on Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Wells Fargo & Company set a $43.00 price target on Amcor and gave the stock an “equal weight” rating in a report on Wednesday, July 15th. BMO Capital Markets began coverage on Amcor in a research report on Thursday. They set a “market perform” rating and a $47.00 price target on the stock. Finally, Citigroup cut their price objective on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Amcor presently has a consensus rating of “Moderate Buy” and an average price target of $48.40.

Amcor Company Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.