Financial & Tax Architects LLC Has $469,000 Stock Position in Amcor plc (NYSE:AMCR)

Financial & Tax Architects LLC lifted its holdings in shares of Amcor plc (NYSE:AMCR) by 28.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,922 shares of the company’s stock after buying an additional 10,739 shares during the period. Financial & Tax Architects LLC’s holdings in Amcor were worth $469,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Renaissance Technologies LLC increased its holdings in Amcor by 156.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,292,000 shares of the company’s stock worth $22,416,000 after purchasing an additional 1,398,541 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Amcor by 11.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,721,829 shares of the company’s stock worth $143,989,000 after purchasing an additional 1,527,492 shares in the last quarter. WINTON GROUP Ltd acquired a new position in Amcor in the 2nd quarter worth about $392,000. Element Capital Management LLC acquired a new position in Amcor in the 2nd quarter worth about $152,000. Finally, Thoroughbred Financial Services LLC acquired a new position in Amcor in the 2nd quarter worth about $183,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AMCR shares. Robert W. Baird upped their price target on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Stifel Nicolaus started coverage on Amcor in a research report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 price target on the stock. Citigroup upped their price target on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. upped their price target on Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company upped their price target on Amcor from $9.80 to $10.50 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.73.

Amcor Stock Down 1.2 %

Shares of Amcor stock opened at $10.99 on Wednesday. Amcor plc has a one year low of $8.45 and a one year high of $11.45. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.17 and a quick ratio of 0.69. The stock’s 50-day moving average is $10.66 and its 200 day moving average is $9.99. The firm has a market cap of $15.88 billion, a price-to-earnings ratio of 24.42, a PEG ratio of 2.68 and a beta of 0.85.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The business had revenue of $3.54 billion for the quarter, compared to analyst estimates of $1.30 billion. Amcor had a return on equity of 25.45% and a net margin of 5.35%. The company’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities research analysts anticipate that Amcor plc will post 0.75 EPS for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Stockholders of record on Friday, September 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Friday, September 6th. Amcor’s dividend payout ratio (DPR) is presently 111.11%.

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.