NBC Securities Inc. Has $95,000 Holdings in Amcor plc (NYSE:AMCR)

NBC Securities Inc. decreased its position in shares of Amcor plc (NYSE:AMCR) by 20.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,455 shares of the company’s stock after selling 2,213 shares during the quarter. NBC Securities Inc.’s holdings in Amcor were worth $95,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AMCR. NorthRock Partners LLC raised its stake in shares of Amcor by 2.0% during the first quarter. NorthRock Partners LLC now owns 54,237 shares of the company’s stock valued at $516,000 after acquiring an additional 1,050 shares during the last quarter. Czech National Bank raised its position in Amcor by 0.5% during the 1st quarter. Czech National Bank now owns 254,309 shares of the company’s stock worth $2,418,000 after purchasing an additional 1,166 shares during the last quarter. Quent Capital LLC raised its position in Amcor by 51.8% during the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock worth $36,000 after purchasing an additional 1,241 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in Amcor by 5.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 25,597 shares of the company’s stock worth $250,000 after buying an additional 1,298 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Amcor by 38.7% in the 2nd quarter. UMB Bank n.a. now owns 4,656 shares of the company’s stock valued at $46,000 after buying an additional 1,299 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of AMCR stock opened at $11.24 on Monday. The firm has a 50 day moving average of $11.09 and a 200-day moving average of $10.29. The company has a market cap of $16.25 billion, a price-to-earnings ratio of 24.98, a price-to-earnings-growth ratio of 2.72 and a beta of 0.85. The company has a quick ratio of 0.69, a current ratio of 1.17 and a debt-to-equity ratio of 1.67. Amcor plc has a 52 week low of $8.45 and a 52 week high of $11.48.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Amcor had a net margin of 5.35% and a return on equity of 25.45%. The business had revenue of $3.54 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same period last year, the company posted $0.19 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts forecast that Amcor plc will post 0.75 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Investors of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Friday, September 6th. Amcor’s dividend payout ratio (DPR) is currently 111.11%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMCR shares. Robert W. Baird raised their price objective on Amcor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. raised their price target on shares of Amcor from $10.00 to $11.10 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Citigroup upped their price objective on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Stifel Nicolaus initiated coverage on shares of Amcor in a research note on Tuesday, July 9th. They set a “hold” rating and a $10.80 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a report on Tuesday, October 15th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $10.78.

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.