Janney Montgomery Scott LLC raised its holdings in Amcor plc (NYSE:AMCR) by 53.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,031 shares of the company’s stock after purchasing an additional 19,169 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Amcor were worth $537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AMCR. QCI Asset Management Inc. NY purchased a new stake in shares of Amcor during the 2nd quarter worth approximately $31,000. Russell Investments Group Ltd. purchased a new stake in shares of Amcor during the 2nd quarter worth approximately $2,768,000. Atria Investments LLC purchased a new stake in shares of Amcor during the 2nd quarter worth approximately $45,084,000. Private Trust Co. NA purchased a new stake in shares of Amcor during the 2nd quarter worth approximately $264,000. Finally, BlackRock Inc. purchased a new stake in shares of Amcor during the 2nd quarter worth approximately $745,182,000. 26.88% of the stock is currently owned by institutional investors.

Shares of NYSE:AMCR opened at $9.86 on Thursday. The stock’s 50 day moving average price is $9.63. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 16.16, a price-to-earnings-growth ratio of 2.09 and a beta of 0.75. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.19 and a quick ratio of 0.70. Amcor plc has a 12 month low of $8.75 and a 12 month high of $11.77.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). The firm had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Amcor had a return on equity of 18.16% and a net margin of 4.07%. Amcor’s revenue was up 38.8% compared to the same quarter last year. During the same period last year, the firm earned $0.68 EPS. On average, sell-side analysts expect that Amcor plc will post 0.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Thursday, November 28th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.46 annualized dividend and a dividend yield of 4.67%. Amcor’s dividend payout ratio is currently 78.69%.

In related news, insider Louis Fred Stephan sold 69,787 shares of Amcor stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $10.27, for a total transaction of $716,712.49. Insiders own 0.23% of the company’s stock.

Several brokerages have recently commented on AMCR. ValuEngine raised Amcor from a “sell” rating to a “hold” rating in a research note on Friday, October 25th. Jefferies Financial Group began coverage on Amcor in a research note on Tuesday, October 22nd. They set an “underperform” rating on the stock. Finally, Credit Suisse Group raised Amcor from a “neutral” rating to an “outperform” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.00.

Amcor Company Profile

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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