Coldstream Capital Management Inc. Has $146,000 Stake in Amcor plc (NYSE:AMCR)

Coldstream Capital Management Inc. lowered its holdings in Amcor plc (NYSE:AMCR) by 42.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 15,548 shares of the company’s stock after selling 11,276 shares during the period. Coldstream Capital Management Inc.’s holdings in Amcor were worth $146,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in 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 acquired a new stake in shares of Amcor in the fourth quarter valued at approximately $44,000. Huntington National Bank lifted its holdings in Amcor by 52.4% during the 4th quarter. Huntington National Bank now owns 4,426 shares of the company’s stock worth $42,000 after buying an additional 1,522 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Amcor in the 4th quarter valued at $60,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Amcor by 11,326.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,313 shares of the company’s stock valued at $69,000 after buying an additional 7,249 shares during the period. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Up 2.8 %

NYSE AMCR opened at $9.33 on Friday. Amcor plc has a one year low of $8.37 and a one year high of $11.48. 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 firm has a market cap of $13.49 billion, a P/E ratio of 16.96, a P/E/G ratio of 1.96 and a beta of 0.78. The stock’s 50-day moving average is $9.57 and its 200-day moving average is $9.91.

Amcor (NYSE:AMCR) last announced its earnings results on Wednesday, April 30th. The company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The firm had revenue of $3.33 billion for the quarter, compared to the consensus estimate of $3.51 billion. During the same period last year, the company posted $0.13 EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. Sell-side analysts anticipate that Amcor plc will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Thursday, May 22nd will be paid a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 5.47%. The ex-dividend date is Thursday, May 22nd. Amcor’s dividend payout ratio is 92.73%.

Insider Activity

In other Amcor news, Director Achal Agarwal acquired 10,000 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $10.10 per share, with a total value of $101,000.00. Following the completion of the transaction, the director now directly owns 88,967 shares in the company, valued at $898,566.70. This trade represents a 12.66 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AMCR shares. Raymond James initiated coverage on Amcor in a report on Tuesday, April 22nd. They issued a “market perform” rating on the stock. Truist Financial cut their price objective on shares of Amcor from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Finally, Citigroup raised Amcor from a “neutral” rating to a “buy” rating and increased their price target for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.31.

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.