Boston Trust Walden Corp Has $1.39 Million Stake in Amcor plc (NYSE:AMCR)

Boston Trust Walden Corp lowered its position in Amcor plc (NYSE:AMCR) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 147,769 shares of the company’s stock after selling 7,151 shares during the period. Boston Trust Walden Corp’s holdings in Amcor were worth $1,391,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMCR. Creative Planning raised its holdings in Amcor by 41.5% in the 2nd quarter. Creative Planning now owns 107,489 shares of the company’s stock worth $1,051,000 after acquiring an additional 31,546 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Amcor by 333.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,693 shares of the company’s stock worth $85,000 after purchasing an additional 6,686 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Amcor during the 2nd quarter worth about $445,000. Handelsbanken Fonder AB boosted its stake in Amcor by 1.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 443,708 shares of the company’s stock valued at $5,027,000 after purchasing an additional 5,049 shares during the period. Finally, Czech National Bank grew its holdings in Amcor by 6.9% in the 3rd quarter. Czech National Bank now owns 294,431 shares of the company’s stock valued at $3,336,000 after buying an additional 19,008 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Stock Up 5.1 %

Shares of NYSE:AMCR opened at $10.05 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 1.80. The firm has a market cap of $14.52 billion, a P/E ratio of 18.95, a P/E/G ratio of 1.86 and a beta of 0.84. Amcor plc has a 12 month low of $8.78 and a 12 month high of $11.48. The company’s 50-day moving average price is $9.78 and its two-hundred day moving average price is $10.44.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Amcor had a net margin of 5.68% and a return on equity of 25.60%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the firm earned $0.09 earnings per share. Amcor’s revenue was down .3% compared to the same quarter last year. As a group, research analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Truist Financial upgraded Amcor from a “hold” rating to a “buy” rating and upped their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a research report on Monday. Wells Fargo & Company upped their target price on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research note on Tuesday, October 15th. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a report on Wednesday, December 11th. Finally, UBS Group upgraded shares of Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.46.

About Amcor

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.