Amcor plc (NYSE:AMCR) Shares Sold by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. trimmed its holdings in shares of Amcor plc (NYSE:AMCR) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,681,983 shares of the company’s stock after selling 24,744 shares during the period. GW Henssler & Associates Ltd.’s holdings in Amcor were worth $15,827,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of AMCR. Barclays PLC increased its position in Amcor by 31.8% during the third quarter. Barclays PLC now owns 4,544,118 shares of the company’s stock worth $51,484,000 after buying an additional 1,096,664 shares in the last quarter. Franklin Resources Inc. increased its position in Amcor by 39.3% during the 3rd quarter. Franklin Resources Inc. now owns 719,749 shares of the company’s stock worth $8,162,000 after purchasing an additional 203,166 shares in the last quarter. Natixis Advisors LLC raised its stake in Amcor by 24.5% in the 3rd quarter. Natixis Advisors LLC now owns 634,631 shares of the company’s stock valued at $7,190,000 after purchasing an additional 124,945 shares during the last quarter. Cerity Partners LLC lifted its holdings in Amcor by 78.7% in the 3rd quarter. Cerity Partners LLC now owns 217,498 shares of the company’s stock valued at $2,464,000 after purchasing an additional 95,805 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Amcor during the 3rd quarter worth about $5,919,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Stock Down 0.6 %

Shares of NYSE:AMCR opened at $9.70 on Monday. The stock has a 50-day simple moving average of $9.80 and a 200-day simple moving average of $10.45. The stock has a market capitalization of $14.01 billion, a P/E ratio of 18.29, a PEG ratio of 1.86 and a beta of 0.84. Amcor plc has a 1 year low of $8.78 and a 1 year high of $11.48. 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 (NYSE:AMCR) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $3.35 billion during the quarter, compared to analyst estimates of $1.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities analysts forecast that Amcor plc will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMCR. Wells Fargo & Company upped their price objective on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $12.00 in a report on Monday, January 6th. UBS Group upgraded Amcor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Truist Financial raised 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. Finally, Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and an average target price of $11.46.

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.