Amcor PLC $AMCR Shares Bought by CreativeOne Wealth LLC

CreativeOne Wealth LLC grew its position in Amcor PLC (NYSE:AMCR) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 189,301 shares of the company’s stock after buying an additional 20,589 shares during the quarter. CreativeOne Wealth LLC’s holdings in Amcor were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC grew its position in Amcor by 18.5% in the 1st quarter. Private Advisor Group LLC now owns 18,257 shares of the company’s stock valued at $177,000 after acquiring an additional 2,849 shares in the last quarter. Allianz Asset Management GmbH lifted its position in shares of Amcor by 20.7% during the first quarter. Allianz Asset Management GmbH now owns 101,985 shares of the company’s stock worth $989,000 after purchasing an additional 17,505 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Amcor by 19.6% in the first quarter. Avantax Advisory Services Inc. now owns 22,940 shares of the company’s stock valued at $223,000 after purchasing an additional 3,766 shares during the period. Cetera Investment Advisers grew its holdings in shares of Amcor by 14.5% in the first quarter. Cetera Investment Advisers now owns 303,458 shares of the company’s stock valued at $2,944,000 after purchasing an additional 38,353 shares in the last quarter. Finally, Assetmark Inc. increased its stake in Amcor by 13.6% during the 1st quarter. Assetmark Inc. now owns 82,859 shares of the company’s stock worth $804,000 after buying an additional 9,944 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Performance

NYSE:AMCR opened at $8.62 on Thursday. Amcor PLC has a 12 month low of $7.66 and a 12 month high of $10.70. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a market capitalization of $19.86 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 1.14 and a beta of 0.72. The business’s fifty day moving average price is $8.20 and its 200 day moving average price is $8.80.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.75 billion during the quarter, compared to the consensus estimate of $5.77 billion. During the same period in the previous year, the business earned $0.16 EPS. Amcor’s revenue for the quarter was up 71.3% on a year-over-year basis. On average, sell-side analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on AMCR. Morgan Stanley reissued an “overweight” rating and issued a $11.50 price target on shares of Amcor in a research report on Wednesday, November 12th. Royal Bank Of Canada initiated coverage on Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating on the stock. JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. Finally, Robert W. Baird reduced their price target on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.