Inceptionr LLC Has $491,000 Stock Holdings in Amcor plc (NYSE:AMCR)

Inceptionr LLC trimmed its holdings in shares of Amcor plc (NYSE:AMCR) by 70.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,220 shares of the company’s stock after selling 124,803 shares during the quarter. Inceptionr LLC’s holdings in Amcor were worth $491,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of AMCR. Larson Financial Group LLC increased its stake in Amcor by 3,410.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock worth $27,000 after purchasing an additional 2,319 shares in the last quarter. Jones Financial Companies Lllp increased its stake 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 purchasing an additional 2,660 shares in the last quarter. True Wealth Design LLC increased its stake in Amcor by 3,794.1% during the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock worth $38,000 after purchasing an additional 3,225 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Amcor during the 4th quarter worth approximately $60,000. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Amcor by 11,326.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company’s stock worth $69,000 after acquiring an additional 7,249 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMCR. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Truist Financial raised shares of Amcor from a “hold” rating to a “buy” rating and raised their price target for the stock from $10.00 to $12.00 in a research note on Monday, January 6th. UBS Group raised shares of Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Finally, Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and raised their price target for the stock from $11.00 to $12.00 in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amcor presently has an average rating of “Moderate Buy” and an average price target of $11.46.

Insider Buying and Selling at Amcor

In related news, Director Achal Agarwal acquired 10,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased 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. This trade represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Amcor Price Performance

Shares of AMCR opened at $10.29 on Friday. The company has a market cap of $14.87 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.96 and a beta of 0.80. Amcor plc has a 1-year low of $8.80 and a 1-year high of $11.48. The company’s fifty day simple moving average is $9.85 and its 200 day simple moving average is $10.39. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80.

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

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be issued a $0.1275 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $0.51 annualized dividend and a dividend yield of 4.96%. Amcor’s dividend payout ratio is currently 92.73%.

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.