Amcor plc (NYSE:AMCR) Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC increased its holdings in Amcor plc (NYSE:AMCR) by 37.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,369 shares of the company’s stock after acquiring an additional 32,453 shares during the quarter. CreativeOne Wealth LLC’s holdings in Amcor were worth $1,352,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Larson Financial Group LLC boosted its stake in shares of Amcor by 3,410.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after buying an additional 2,319 shares during the last quarter. Rise Advisors LLC bought a new position in Amcor during the 3rd quarter valued at $35,000. ORG Wealth Partners LLC acquired a new position in Amcor during the 3rd quarter worth $35,000. Quent Capital LLC increased its position in shares of Amcor by 51.8% in the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock worth $36,000 after purchasing an additional 1,241 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Amcor by 296.3% in the 3rd quarter. Signaturefd LLC now owns 4,336 shares of the company’s stock valued at $49,000 after purchasing an additional 3,242 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AMCR shares. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday. 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. lifted their price objective on shares of Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Robert W. Baird increased their target price on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Friday, August 16th. Finally, Wells Fargo & Company lifted their price target on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.94.

Amcor Stock Performance

Shares of AMCR opened at $10.50 on Friday. The firm has a fifty day moving average of $10.80 and a 200-day moving average of $10.51. The company has a market cap of $15.18 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.89 and a beta of 0.85. 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.

Amcor (NYSE:AMCR) last posted its earnings results on Thursday, October 31st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The firm had revenue of $3.35 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $0.16 EPS. Amcor’s revenue was down 2.6% on a year-over-year basis. As a group, equities analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Thursday, November 21st will be given a $0.1275 dividend. This is a boost from Amcor’s previous quarterly dividend of $0.13. This represents a $0.51 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, November 21st. Amcor’s dividend payout ratio (DPR) is currently 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.