Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,314 Shares of Amcor plc (NYSE:AMCR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Amcor plc (NYSE:AMCR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 307,323 shares of the company’s stock after selling 7,314 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Amcor were worth $2,892,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its stake in Amcor by 3,410.3% during the third quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock worth $27,000 after buying an additional 2,319 shares during the last quarter. Jones Financial Companies Lllp grew its position in Amcor by 247.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after acquiring an additional 2,660 shares during the last quarter. True Wealth Design LLC increased its holdings in Amcor by 3,794.1% during the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after purchasing an additional 3,225 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in Amcor in the 4th quarter valued at $44,000. Finally, SBI Securities Co. Ltd. acquired a new position in Amcor in the fourth quarter worth $60,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Ratings Changes

AMCR has been the subject of a number of research analyst reports. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $11.00 to $12.00 in a report on Monday, January 6th. Bank of America upgraded shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 target price on the stock in a research report on Wednesday, December 11th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Jefferies Financial Group upgraded Amcor from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. Finally, Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Amcor has a consensus rating of “Moderate Buy” and a consensus target price of $11.46.

Amcor Price Performance

Amcor stock opened at $9.54 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of $13.79 billion, a P/E ratio of 17.35, a PEG ratio of 1.96 and a beta of 0.80. The business has a 50-day moving average of $9.93 and a 200-day moving average of $10.27. Amcor plc has a 1 year low of $8.80 and a 1 year high of $11.48.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The business’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 earnings per share. On average, equities analysts anticipate that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is presently 92.73%.

Insider Activity at Amcor

In related news, Director Achal Agarwal acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the acquisition, the director now directly owns 88,967 shares in the company, valued at approximately $898,566.70. The trade was a 12.66 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

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.