Tradewinds LLC. Sells 3,778 Shares of Amcor plc (NYSE:AMCR)

Tradewinds LLC. cut its stake in shares of Amcor plc (NYSE:AMCR) by 17.8% in the 4th quarter, HoldingsChannel reports. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Amcor by 247.4% during the 4th quarter. Jones Financial Companies Lllp now owns 3,735 shares of the company’s stock worth $35,000 after acquiring an additional 2,660 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Amcor during the fourth quarter worth about $44,000. SBI Securities Co. Ltd. purchased a new position in shares of Amcor in the 4th quarter worth about $60,000. Steward Partners Investment Advisory LLC increased its position in shares of Amcor by 11,326.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company’s stock valued at $69,000 after purchasing an additional 7,249 shares during the last quarter. Finally, Graypoint LLC bought a new stake in Amcor in the 4th quarter worth approximately $97,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at Amcor

In other news, Director Achal Agarwal bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $10.10 per share, with a total value of $101,000.00. Following the transaction, the director now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Amcor Stock Up 1.1 %

NYSE AMCR opened at $9.81 on Wednesday. Amcor plc has a 1 year low of $8.80 and a 1 year high of $11.48. The stock has a market capitalization of $14.17 billion, a PE ratio of 17.83, a PEG ratio of 1.96 and a beta of 0.80. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.26 and a quick ratio of 0.71. The business’s 50-day moving average is $9.93 and its 200 day moving average is $10.21.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $0.09 EPS. Sell-side analysts forecast that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

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

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.