D L Carlson Investment Group Inc. Boosts Holdings in Amcor plc (NYSE:AMCR)

D L Carlson Investment Group Inc. grew its position in Amcor plc (NYSE:AMCR) by 7.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 214,277 shares of the company’s stock after purchasing an additional 15,736 shares during the period. D L Carlson Investment Group Inc.’s holdings in Amcor were worth $2,016,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AMCR. Cerity Partners LLC increased its position in Amcor by 78.7% during the 3rd quarter. Cerity Partners LLC now owns 217,498 shares of the company’s stock valued at $2,464,000 after buying an additional 95,805 shares in the last quarter. Larson Financial Group LLC grew its stake in Amcor by 3,410.3% during the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after purchasing an additional 2,319 shares during the last quarter. FMR LLC raised its holdings in shares of Amcor by 5.6% during the third quarter. FMR LLC now owns 2,389,346 shares of the company’s stock worth $27,071,000 after purchasing an additional 126,844 shares during the last quarter. Townsquare Capital LLC raised its position in Amcor by 10.6% during the third quarter. Townsquare Capital LLC now owns 49,105 shares of the company’s stock valued at $556,000 after acquiring an additional 4,700 shares in the last quarter. Finally, Glenmede Trust Co. NA raised its position in shares of Amcor by 153.4% in the third quarter. Glenmede Trust Co. NA now owns 84,163 shares of the company’s stock worth $954,000 after acquiring an additional 50,949 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Amcor

In related news, Director Achal Agarwal bought 10,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now owns 88,967 shares of the company’s stock, valued at $898,566.70. This represents a 12.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

AMCR has been the topic of a number of research analyst reports. Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $12.00 in a research report on Monday, January 6th. Truist Financial upgraded shares of Amcor from a “hold” rating to a “buy” rating and boosted their price target for the stock from $10.00 to $12.00 in a report on Monday, January 6th. Bank of America upgraded shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target on the stock in a research note on Wednesday, December 11th. Finally, UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor Price Performance

Shares of AMCR opened at $9.64 on Monday. The firm has a 50-day simple moving average of $9.93 and a 200-day simple moving average of $10.23. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.71 and a current ratio of 1.26. The company has a market capitalization of $13.93 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. Amcor plc has a fifty-two week low of $8.80 and a fifty-two week high of $11.48.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.1275 per share. The ex-dividend date was Wednesday, February 26th. This represents a $0.51 dividend on an annualized basis and a yield of 5.29%. Amcor’s payout ratio is currently 92.73%.

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.