Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 16,660 Shares of Amcor PLC $AMCR

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its position in shares of Amcor PLC (NYSE:AMCR) by 3.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 536,937 shares of the company’s stock after selling 16,660 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Amcor were worth $4,478,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Brown Lisle Cummings Inc. grew its position in Amcor by 137.9% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. Larson Financial Group LLC grew its position in Amcor by 46.1% during the 4th quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after acquiring an additional 1,257 shares during the last quarter. N.E.W. Advisory Services LLC grew its position in Amcor by 10.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after acquiring an additional 373 shares during the last quarter. CYBER HORNET ETFs LLC bought a new position in Amcor during the 2nd quarter worth approximately $36,000. Finally, Huntington National Bank grew its position in Amcor by 81.8% during the 3rd quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after acquiring an additional 2,020 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Trading Down 1.2%

NYSE AMCR opened at $37.95 on Thursday. Amcor PLC has a fifty-two week low of $36.25 and a fifty-two week high of $50.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. The stock has a 50 day simple moving average of $39.41 and a two-hundred day simple moving average of $42.18. The stock has a market cap of $17.55 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 1.16 and a beta of 0.64.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter last year, the business posted $0.90 EPS. The business’s revenue was up 77.4% on a year-over-year basis. On average, analysts forecast that Amcor PLC will post 3.97 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be issued a $0.65 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.60 annualized dividend and a yield of 6.9%. Amcor’s dividend payout ratio (DPR) is 181.82%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 price target on the stock. Robert W. Baird set a $54.00 price target on Amcor in a research report on Wednesday, February 4th. Weiss Ratings upgraded Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. reduced their price target on Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. Finally, Wells Fargo & Company set a $41.00 price target on Amcor and gave the stock an “equal weight” rating in a research report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Amcor currently has an average rating of “Moderate Buy” and an average price target of $49.33.

Amcor Company Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.