Tradewinds LLC. Has $175,000 Position in Amcor plc (NYSE:AMCR)

Tradewinds LLC. decreased its holdings in shares of Amcor plc (NYSE:AMCR) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,441 shares of the company’s stock after selling 3,778 shares during the period. Tradewinds LLC.’s holdings in Amcor were worth $175,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. CWA Asset Management Group LLC boosted its position in shares of Amcor by 3.9% during the fourth quarter. CWA Asset Management Group LLC now owns 32,343 shares of the company’s stock valued at $304,000 after buying an additional 1,213 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of Amcor by 11.3% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 13,892 shares of the company’s stock worth $131,000 after acquiring an additional 1,409 shares in the last quarter. New York Life Investment Management LLC raised its holdings in shares of Amcor by 0.8% in the fourth quarter. New York Life Investment Management LLC now owns 195,714 shares of the company’s stock valued at $1,842,000 after purchasing an additional 1,507 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Amcor by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 442,152 shares of the company’s stock valued at $4,161,000 after purchasing an additional 1,761 shares in the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in Amcor by 7.1% during the third quarter. IHT Wealth Management LLC now owns 27,597 shares of the company’s stock worth $313,000 after purchasing an additional 1,831 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on AMCR. Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 target price on the stock in a research report on Wednesday, December 11th. Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a research report on Monday, February 3rd. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Truist Financial raised shares of Amcor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Finally, Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Insider Activity

In other news, Director Achal Agarwal purchased 10,000 shares of Amcor stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the transaction, the director now directly owns 88,967 shares of the company’s stock, valued at approximately $898,566.70. This trade represents a 12.66 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

Amcor Price Performance

AMCR opened at $9.81 on Wednesday. The company has a market capitalization of $14.17 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 1.96 and a beta of 0.80. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80. The firm has a 50-day moving average price of $9.93 and a 200-day moving average price of $10.21. Amcor plc has a twelve month low of $8.80 and a twelve month high of $11.48.

Amcor (NYSE:AMCR) last issued its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The business had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue for the quarter was down .3% compared to the same quarter last year. Equities analysts expect that Amcor plc will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Wednesday, February 26th. Amcor’s payout ratio is presently 92.73%.

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.