Amcor PLC $AMCR Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. boosted its position in shares of Amcor PLC (NYSE:AMCR) by 67.8% during the fourth quarter, Holdings Channel reports. The firm owned 119,623 shares of the company’s stock after buying an additional 48,349 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Amcor were worth $998,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMCR. N.E.W. Advisory Services LLC boosted its position in shares of Amcor by 10.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after buying an additional 373 shares in the last quarter. United Asset Strategies Inc. increased its holdings in Amcor by 1.6% during the 4th quarter. United Asset Strategies Inc. now owns 38,453 shares of the company’s stock valued at $321,000 after acquiring an additional 597 shares in the last quarter. Shayne & Jacobs LLC increased its holdings in Amcor by 0.6% during the 4th quarter. Shayne & Jacobs LLC now owns 129,101 shares of the company’s stock valued at $1,077,000 after acquiring an additional 755 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in Amcor by 3.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 26,857 shares of the company’s stock worth $224,000 after acquiring an additional 832 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of Amcor by 3.7% in the fourth quarter. Horizon Investments LLC now owns 25,768 shares of the company’s stock valued at $215,000 after purchasing an additional 921 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

Amcor stock opened at $39.10 on Thursday. The stock has a market capitalization of $18.08 billion, a P/E ratio of 27.34, a P/E/G ratio of 1.18 and a beta of 0.63. Amcor PLC has a 12-month low of $36.67 and a 12-month high of $50.94. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. The firm’s 50-day moving average is $40.43 and its two-hundred day moving average is $42.46.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.71 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The company’s revenue was up 77.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.90 earnings per share. Equities analysts predict that Amcor PLC will post 3.97 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be issued a $0.65 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.60 annualized dividend and a yield of 6.6%. Amcor’s payout ratio is 181.82%.

Analyst Ratings Changes

Several analysts have recently commented on AMCR shares. Robert W. Baird set a $54.00 price target on shares of Amcor in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 price objective for the company. Truist Financial reiterated a “buy” rating and set a $51.00 target price (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research report on Wednesday, January 28th. Finally, Citigroup cut their price target on Amcor from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.56.

Amcor Company Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.