12,026 Shares in Amcor PLC $AMCR Bought by Intrua Financial LLC

Intrua Financial LLC bought a new position in Amcor PLC (NYSE:AMCR) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 12,026 shares of the company’s stock, valued at approximately $503,000.

Several other large investors have also recently bought and sold shares of AMCR. Brown Financial Advisors grew its position in shares of Amcor by 3.9% during the 2nd quarter. Brown Financial Advisors now owns 6,287 shares of the company’s stock valued at $273,000 after purchasing an additional 237 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Amcor by 4.1% in the third quarter. SBI Securities Co. Ltd. now owns 6,213 shares of the company’s stock worth $260,000 after purchasing an additional 244 shares during the period. Flagship Harbor Advisors LLC raised its position in shares of Amcor by 5.3% in the third quarter. Flagship Harbor Advisors LLC now owns 5,940 shares of the company’s stock worth $249,000 after buying an additional 300 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of Amcor by 6.6% in the third quarter. Quadrant Capital Group LLC now owns 5,320 shares of the company’s stock worth $222,000 after buying an additional 328 shares in the last quarter. Finally, Sowell Financial Services LLC boosted its stake in Amcor by 5.7% during the third quarter. Sowell Financial Services LLC now owns 6,160 shares of the company’s stock valued at $258,000 after buying an additional 334 shares during the period. 45.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. BMO Capital Markets began coverage on Amcor in a research note on Thursday, July 16th. They issued a “market perform” rating and a $47.00 target price on the stock. Jefferies Financial Group set a $44.92 price target on Amcor and gave the company a “hold” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. downgraded Amcor from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $44.00 to $47.00 in a research report on Monday, August 17th. UBS Group started coverage on Amcor in a report on Tuesday, August 11th. They set a “buy” rating and a $56.00 price objective for the company. Finally, Truist Financial set a $51.00 price objective on shares of Amcor in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.36.

Amcor Stock Performance

NYSE:AMCR opened at $47.34 on Monday. The company has a market capitalization of $21.89 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.96 and a beta of 0.58. The business has a 50 day moving average of $44.04 and a 200 day moving average of $43.06. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.76. Amcor PLC has a 1-year low of $36.25 and a 1-year high of $50.94.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 13th. The company reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.04. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Amcor had a net margin of 4.71% and a return on equity of 15.92%. The business’s quarterly revenue was up 25.9% on a year-over-year basis. During the same period last year, the business earned $0.20 earnings per share. On average, sell-side analysts predict that Amcor PLC will post 1.83 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Investors of record on Friday, September 4th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $2.60 annualized dividend and a dividend yield of 5.5%. Amcor’s dividend payout ratio (DPR) is currently 110.17%.

Amcor Company Profile

Amcor plc (NYSE: AMCR) is a global packaging company that develops and produces packaging solutions for food, beverage, pharmaceutical, medical, personal care, household, and other consumer and industrial products. Its offerings include flexible packaging, rigid containers, closures, bottles, specialty cartons, and related packaging systems designed to protect products, support supply chains, and improve convenience and sustainability.

The company serves customers across North America, Latin America, Europe, Asia-Pacific, and other international markets.