WINTON GROUP Ltd Buys Shares of 40,090 Amcor plc (NYSE:AMCR)

WINTON GROUP Ltd bought a new stake in shares of Amcor plc (NYSE:AMCR) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,090 shares of the company’s stock, valued at approximately $392,000.

A number of other large investors also recently added to or reduced their stakes in the business. Riverview Trust Co acquired a new stake in shares of Amcor in the 1st quarter valued at approximately $28,000. Quent Capital LLC grew its stake in shares of Amcor by 51.8% in the second quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock valued at $36,000 after buying an additional 1,241 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Amcor by 132.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock valued at $39,000 after buying an additional 2,519 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Amcor by 38.7% in the second quarter. UMB Bank n.a. now owns 4,656 shares of the company’s stock valued at $46,000 after buying an additional 1,299 shares in the last quarter. Finally, ORG Partners LLC bought a new position in shares of Amcor in the second quarter valued at $47,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on AMCR shares. Citigroup raised their price target on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Tuesday, August 20th. Stifel Nicolaus initiated coverage on Amcor in a research report on Tuesday, July 9th. They issued a “hold” rating and a $10.80 price target on the stock. JPMorgan Chase & Co. raised their price target on Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Robert W. Baird lifted their target price on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company lifted their target price on Amcor from $9.80 to $10.50 and gave the company an “equal weight” rating in a research report on Friday, August 16th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $10.73.

Amcor Trading Up 0.3 %

Shares of Amcor stock opened at $11.02 on Thursday. The stock has a fifty day simple moving average of $10.69 and a 200 day simple moving average of $10.00. Amcor plc has a 12-month low of $8.45 and a 12-month high of $11.45. The company has a market capitalization of $15.93 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.68 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $1.30 billion. Amcor had a return on equity of 25.45% and a net margin of 5.35%. The business’s revenue for the quarter was down 3.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. On average, sell-side analysts anticipate that Amcor plc will post 0.75 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 26th. Investors of record on Friday, September 6th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 4.54%. Amcor’s dividend payout ratio (DPR) is 111.11%.

Amcor 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.