Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Amcor plc (NYSE:AMCR) by 6.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 525,221 shares of the company’s stock after purchasing an additional 33,418 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Amcor were worth $5,121,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new stake in Amcor during the 3rd quarter valued at approximately $25,000. CENTRAL TRUST Co acquired a new stake in Amcor during the 2nd quarter valued at approximately $28,000. Tyers Asset Management LLC acquired a new stake in Amcor during the 2nd quarter valued at approximately $31,000. QCI Asset Management Inc. NY acquired a new stake in shares of Amcor during the 2nd quarter worth approximately $31,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Amcor during the 2nd quarter worth approximately $33,000. 26.66% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Amcor in a research report on Tuesday, October 22nd. They set an “underperform” rating for the company. ValuEngine raised shares of Amcor from a “sell” rating to a “hold” rating in a research report on Friday, October 25th.
In other Amcor news, insider Louis Fred Stephan sold 69,787 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $10.27, for a total transaction of $716,712.49. 0.23% of the stock is currently owned by company insiders.
Shares of AMCR traded down $0.01 during trading hours on Friday, reaching $9.77. The stock had a trading volume of 8,297,900 shares, compared to its average volume of 5,784,187. Amcor plc has a 12 month low of $8.75 and a 12 month high of $11.77. The stock’s 50-day moving average is $9.62. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.15 and a quick ratio of 0.72. The firm has a market cap of $16.15 billion, a P/E ratio of 16.02 and a beta of 0.75.
Amcor (NYSE:AMCR) last issued its earnings results on Thursday, November 7th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Amcor had a return on equity of 22.10% and a net margin of 4.72%. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the business earned $0.68 earnings per share. Amcor’s revenue for the quarter was up 38.8% on a year-over-year basis.
Amcor plc develops, manufactures, and sells various packaging products for food, beverage, pharmaceutical, medical, home and personal care, and other products worldwide. It provides flexible packaging products, specialty cartons, plastic bottles and jars, and capsules and closures. The company is based in Bristol, the United Kingdom.
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