Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Buys 10,218 Shares of Amcor plc (NYSE:AMCR)

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group raised its position in shares of Amcor plc (NYSE:AMCR) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 146,080 shares of the company’s stock after purchasing an additional 10,218 shares during the period. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in Amcor were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AMCR. Riverview Trust Co purchased a new stake in Amcor in the 1st quarter worth about $28,000. Quent Capital LLC boosted its holdings in Amcor by 51.8% in the 2nd quarter. Quent Capital LLC now owns 3,638 shares of the company’s stock worth $36,000 after buying an additional 1,241 shares during the period. EverSource Wealth Advisors LLC grew its stake in Amcor by 132.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock valued at $39,000 after buying an additional 2,519 shares in the last quarter. UMB Bank n.a. raised its holdings in Amcor by 38.7% during the 2nd quarter. UMB Bank n.a. now owns 4,656 shares of the company’s stock valued at $46,000 after acquiring an additional 1,299 shares during the period. Finally, ORG Partners LLC bought a new stake in Amcor during the 2nd quarter valued at $47,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Price Performance

Shares of NYSE AMCR opened at $11.33 on Wednesday. Amcor plc has a 12 month low of $8.45 and a 12 month high of $11.48. The firm has a market capitalization of $16.38 billion, a price-to-earnings ratio of 25.18, a PEG ratio of 2.73 and a beta of 0.85. The company has a current ratio of 1.17, a quick ratio of 0.69 and a debt-to-equity ratio of 1.67. The business has a 50-day moving average of $10.89 and a 200-day moving average of $10.12.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 15th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. The firm had revenue of $3.54 billion during the quarter, compared to analyst estimates of $1.30 billion. Amcor had a return on equity of 25.45% and a net margin of 5.35%. The company’s revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. Sell-side analysts expect that Amcor plc will post 0.75 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date was Friday, September 6th. Amcor’s payout ratio is currently 111.11%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Robert W. Baird lifted their price target on Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Friday, August 16th. Stifel Nicolaus started coverage on Amcor in a research report on Tuesday, July 9th. They set a “hold” rating and a $10.80 price target on the stock. Citigroup raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price objective on shares of Amcor from $10.00 to $11.10 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, Wells Fargo & Company increased their target price on shares of Amcor from $9.80 to $10.50 and gave the stock an “equal weight” rating in a research note on Friday, August 16th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Amcor currently has a consensus rating of “Hold” and a consensus price target of $10.73.

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.