Amcor plc (NYSE:AMCR) Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its position in shares of Amcor plc (NYSE:AMCR) by 9.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 444,920 shares of the company’s stock after acquiring an additional 37,340 shares during the period. Quantinno Capital Management LP’s holdings in Amcor were worth $5,041,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC raised its holdings in shares of Amcor by 7.1% during the third quarter. IHT Wealth Management LLC now owns 27,597 shares of the company’s stock worth $313,000 after purchasing an additional 1,831 shares during the period. Hilltop Holdings Inc. grew its position in shares of Amcor by 105.7% during the 3rd quarter. Hilltop Holdings Inc. now owns 41,088 shares of the company’s stock valued at $466,000 after buying an additional 21,117 shares during the last quarter. Centiva Capital LP acquired a new stake in Amcor during the third quarter worth about $1,083,000. Benjamin Edwards Inc. bought a new position in Amcor in the third quarter worth about $508,000. Finally, Kestra Investment Management LLC bought a new position in Amcor in the third quarter worth about $219,000. 45.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird increased their price target on Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. Macquarie upgraded Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised their target price on Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Wells Fargo & Company upped their price target on shares of Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Finally, Citigroup increased their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Amcor currently has an average rating of “Hold” and a consensus target price of $10.94.

Amcor Trading Down 0.6 %

Shares of AMCR stock opened at $10.18 on Friday. The firm has a market capitalization of $14.71 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.89 and a beta of 0.82. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.29. Amcor plc has a 1 year low of $8.78 and a 1 year high of $11.48. The stock has a fifty day moving average of $10.72 and a two-hundred day moving average of $10.52.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.16 earnings per share. As a group, research analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, November 21st will be issued a $0.1275 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Amcor’s previous quarterly dividend of $0.13. This represents a $0.51 annualized dividend and a dividend yield of 5.01%. Amcor’s dividend payout ratio (DPR) is 96.23%.

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.