Coastline Trust Co lowered its stake in shares of Amcor plc (NYSE:AMCR) by 12.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,879 shares of the company’s stock after selling 24,819 shares during the period. Coastline Trust Co’s holdings in Amcor were worth $1,899,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. TRUE Private Wealth Advisors purchased a new stake in shares of Amcor during the 3rd quarter valued at $319,000. Sciencast Management LP lifted its holdings in shares of Amcor by 13.9% during the 2nd quarter. Sciencast Management LP now owns 24,668 shares of the company’s stock valued at $261,000 after purchasing an additional 3,010 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Amcor by 158.5% during the 2nd quarter. Bessemer Group Inc. now owns 8,405 shares of the company’s stock valued at $86,000 after purchasing an additional 5,154 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Amcor by 26.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,679,718 shares of the company’s stock valued at $119,249,000 after purchasing an additional 2,456,591 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its holdings in shares of Amcor by 329.2% during the 1st quarter. United Capital Financial Advisers LLC now owns 68,496 shares of the company’s stock valued at $556,000 after purchasing an additional 52,537 shares during the last quarter. Institutional investors own 33.46% of the company’s stock.

Shares of AMCR opened at $11.50 on Friday. The business’s 50-day moving average is $11.11 and its two-hundred day moving average is $10.17. The company has a market capitalization of $18.04 billion, a P/E ratio of 17.97, a P/E/G ratio of 2.26 and a beta of 0.84. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.68 and a current ratio of 1.14. Amcor plc has a fifty-two week low of $5.80 and a fifty-two week high of $11.59.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Thursday, September 3rd were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a yield of 4.00%. The ex-dividend date of this dividend was Wednesday, September 2nd. Amcor’s dividend payout ratio is currently 71.88%.

In other news, insider Peter Konieczny sold 48,989 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $11.25, for a total transaction of $551,126.25. Following the sale, the insider now directly owns 285,494 shares of the company’s stock, valued at approximately $3,211,807.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on AMCR shares. Bank of America started coverage on Amcor in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $11.50 target price on the stock. Seaport Global Securities started coverage on Amcor in a research report on Wednesday. They issued a “neutral” rating on the stock. Needham & Company LLC downgraded Amcor from a “buy” rating to a “hold” rating in a research report on Tuesday, September 8th. BofA Securities started coverage on Amcor in a research report on Wednesday, July 8th. They issued a “neutral” rating and a $11.50 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Amcor from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, August 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the stock. Amcor currently has a consensus rating of “Hold” and an average target price of $12.09.

Amcor Profile

Amcor plc develops, manufactures, and sells various packaging products for food, beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries worldwide. It operates through two segments, Flexibles and Rigid Packaging. The company provides flexible packaging products, rigid packaging containers, specialty cartons, and closures.

Further Reading: Insider Trading

Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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