Hantz Financial Services Inc. Has $282,000 Stock Holdings in Amcor PLC $AMCR

Hantz Financial Services Inc. lifted its stake in Amcor PLC (NYSE:AMCR) by 155.7% during the fourth quarter, HoldingsChannel reports. The fund owned 33,800 shares of the company’s stock after purchasing an additional 20,582 shares during the quarter. Hantz Financial Services Inc.’s holdings in Amcor were worth $282,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brown Lisle Cummings Inc. increased its stake in shares of Amcor by 137.9% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Amcor in the second quarter worth $36,000. Larson Financial Group LLC increased its stake in shares of Amcor by 46.1% in the fourth quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after acquiring an additional 1,257 shares during the last quarter. N.E.W. Advisory Services LLC boosted its holdings in Amcor by 10.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after purchasing an additional 373 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Amcor by 81.8% in the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after purchasing an additional 2,020 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMCR has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective for the company. Wells Fargo & Company set a $41.00 price objective on shares of Amcor and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Citigroup decreased their price objective on shares of Amcor from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price objective on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Truist Financial reiterated a “buy” rating and issued a $51.00 price objective (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Amcor has an average rating of “Moderate Buy” and an average price target of $49.33.

Amcor Stock Down 1.0%

Amcor stock opened at $38.87 on Friday. The firm has a market cap of $17.97 billion, a price-to-earnings ratio of 27.18, a P/E/G ratio of 1.19 and a beta of 0.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. Amcor PLC has a fifty-two week low of $36.25 and a fifty-two week high of $50.94. The firm has a fifty day moving average price of $39.45 and a two-hundred day moving average price of $42.27.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.96. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.71 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business’s revenue was up 77.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. As a group, analysts forecast that Amcor PLC will post 3.97 earnings per share for the current year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.7%. Amcor’s dividend payout ratio is currently 181.82%.

About Amcor

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.