143,243 Shares in Amcor PLC $AMCR Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in Amcor PLC (NYSE:AMCR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 143,243 shares of the company’s stock, valued at approximately $1,316,000.

A number of other large investors have also recently modified their holdings of AMCR. Farther Finance Advisors LLC grew its position in Amcor by 5.3% in the second quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock valued at $190,000 after acquiring an additional 1,035 shares during the last quarter. South Dakota Investment Council lifted its stake in Amcor by 6.6% in the 2nd quarter. South Dakota Investment Council now owns 19,302 shares of the company’s stock valued at $177,000 after purchasing an additional 1,202 shares during the last quarter. Private Trust Co. NA boosted its position in Amcor by 4.8% in the second quarter. Private Trust Co. NA now owns 28,611 shares of the company’s stock valued at $263,000 after buying an additional 1,310 shares in the last quarter. ORG Partners LLC grew its stake in shares of Amcor by 17.2% during the second quarter. ORG Partners LLC now owns 10,262 shares of the company’s stock worth $98,000 after buying an additional 1,506 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Amcor by 2.6% during the second quarter. Raleigh Capital Management Inc. now owns 63,652 shares of the company’s stock worth $585,000 after buying an additional 1,588 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Up 2.6%

Shares of NYSE:AMCR opened at $8.63 on Thursday. The business has a fifty day moving average price of $8.16 and a two-hundred day moving average price of $8.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. Amcor PLC has a 1 year low of $7.66 and a 1 year high of $10.70. The company has a market capitalization of $19.88 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the company earned $0.16 earnings per share. Amcor’s revenue was up 71.3% compared to the same quarter last year. Analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, November 28th will be given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 6.0%. This is an increase from Amcor’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, November 28th. Amcor’s payout ratio is presently 152.94%.

Insider Activity at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director owned 10,000 shares in the company, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on AMCR shares. Morgan Stanley restated an “overweight” rating and set a $11.50 price objective on shares of Amcor in a research report on Wednesday. Royal Bank Of Canada began coverage on shares of Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating on the stock. Wells Fargo & Company lowered their target price on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price target for the company in a research note on Friday, October 10th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Amcor has an average rating of “Moderate Buy” and a consensus target price of $10.91.

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.