United Services Automobile Association Has $308,000 Position in Amcor plc (NYSE:AMCR)

United Services Automobile Association grew its position in Amcor plc (NYSE:AMCR) by 10.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,682 shares of the company’s stock after purchasing an additional 3,021 shares during the period. United Services Automobile Association’s holdings in Amcor were worth $308,000 as of its most recent filing with the SEC.

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

Amcor Trading Up 1.1 %

Shares of NYSE:AMCR opened at $9.54 on Tuesday. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 1.96 and a beta of 0.80. Amcor plc has a 12 month low of $8.80 and a 12 month high of $11.48. The company’s fifty day simple moving average is $9.93 and its 200 day simple moving average is $10.27. The company has a quick ratio of 0.71, a current ratio of 1.26 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. As a group, research analysts forecast that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.1275 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $0.51 annualized dividend and a dividend yield of 5.34%. Amcor’s dividend payout ratio is currently 92.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMCR. Macquarie upgraded shares of Amcor from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 27th. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Truist Financial upgraded shares of Amcor from a “hold” rating to a “buy” rating and increased their target price 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, February 3rd. 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 equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Insider Transactions at Amcor

In related news, Director Achal Agarwal acquired 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $10.10 per share, for a total transaction of $101,000.00. Following the acquisition, the director now directly owns 88,967 shares of the company’s stock, valued at approximately $898,566.70. The trade was a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

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.