Revisor Wealth Management LLC Buys 15,942 Shares of Amcor PLC (NYSE:AMCR)

Revisor Wealth Management LLC lifted its stake in shares of Amcor PLC (NYSE:AMCR) by 67.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 39,622 shares of the company’s stock after acquiring an additional 15,942 shares during the period. Revisor Wealth Management LLC’s holdings in Amcor were worth $384,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its stake in Amcor by 18,725.0% in the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after buying an additional 2,996 shares in the last quarter. CVA Family Office LLC lifted its holdings in shares of Amcor by 234.1% in the 1st quarter. CVA Family Office LLC now owns 3,254 shares of the company’s stock worth $32,000 after acquiring an additional 2,280 shares during the last quarter. Quarry LP boosted its stake in shares of Amcor by 2,064.5% in the 4th quarter. Quarry LP now owns 3,723 shares of the company’s stock valued at $35,000 after purchasing an additional 3,551 shares in the last quarter. Jones Financial Companies Lllp grew 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 valued at $35,000 after purchasing an additional 2,660 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in Amcor in the 4th quarter worth $44,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on AMCR shares. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Truist Financial lowered their price target on shares of Amcor from $12.00 to $11.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group assumed coverage on shares of Amcor in a report on Wednesday. They issued a “buy” rating and a $12.00 price target on the stock. Raymond James Financial began coverage on shares of Amcor in a research report on Tuesday, April 22nd. They issued a “market perform” rating on the stock. Finally, Wells Fargo & Company started coverage on shares of Amcor in a report on Thursday, June 26th. They set an “overweight” rating and a $10.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.30.

Amcor Stock Down 1.3%

Shares of NYSE AMCR opened at $9.57 on Friday. The firm has a fifty day simple moving average of $9.20 and a two-hundred day simple moving average of $9.51. Amcor PLC has a 12 month low of $8.37 and a 12 month high of $11.48. The company has a current ratio of 1.70, a quick ratio of 1.16 and a debt-to-equity ratio of 2.24. The firm has a market capitalization of $13.82 billion, a PE ratio of 17.08, a price-to-earnings-growth ratio of 2.34 and a beta of 0.73.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.51 billion. Amcor had a net margin of 5.99% and a return on equity of 26.49%. Amcor’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. Equities analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Stockholders of record on Thursday, May 22nd were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend was Thursday, May 22nd. Amcor’s payout ratio is presently 91.07%.

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.