Blackhawk Capital Partners LLC. Has $2.16 Million Position in Amcor plc (NYSE:AMCR)

Blackhawk Capital Partners LLC. increased its position in shares of Amcor plc (NYSE:AMCR) by 3.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 190,460 shares of the company’s stock after purchasing an additional 7,167 shares during the quarter. Amcor comprises approximately 1.2% of Blackhawk Capital Partners LLC.’s portfolio, making the stock its 29th biggest holding. Blackhawk Capital Partners LLC.’s holdings in Amcor were worth $2,158,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Amcor by 2.1% in the first quarter. Vanguard Group Inc. now owns 56,749,318 shares of the company’s stock worth $539,686,000 after purchasing an additional 1,170,986 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in shares of Amcor during the 1st quarter valued at $114,000. CreativeOne Wealth LLC bought a new stake in shares of Amcor in the 1st quarter worth approximately $747,000. Toronto Dominion Bank raised its stake in Amcor by 0.3% in the 1st quarter. Toronto Dominion Bank now owns 4,815,594 shares of the company’s stock valued at $45,796,000 after acquiring an additional 16,774 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Amcor by 11.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,604,159 shares of the company’s stock worth $195,946,000 after acquiring an additional 2,086,698 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMCR has been the subject of several recent analyst reports. Wells Fargo & Company boosted their target price on Amcor from $10.50 to $10.80 and gave the stock an “equal weight” rating in a research report on Tuesday, October 15th. Robert W. Baird boosted their target price on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Friday, August 16th. Citigroup raised their price target on shares of Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.94.

Amcor Stock Up 4.5 %

NYSE AMCR opened at $10.34 on Thursday. The stock has a 50 day moving average price of $10.87 and a 200-day moving average price of $10.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.29. The company has a market capitalization of $14.94 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.78 and a beta of 0.85. Amcor plc has a one year low of $8.78 and a one year high of $11.48.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The company had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The firm’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.16 EPS. As a group, equities analysts predict that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st will be paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 4.93%. This is an increase from Amcor’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, November 21st. Amcor’s dividend payout ratio (DPR) is 94.34%.

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.