Coyle Financial Counsel LLC Sells 111,164 Shares of Amcor PLC $AMCR

Coyle Financial Counsel LLC cut its holdings in shares of Amcor PLC (NYSE:AMCR) by 89.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,210 shares of the company’s stock after selling 111,164 shares during the period. Coyle Financial Counsel LLC’s holdings in Amcor were worth $110,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMCR. Brown Lisle Cummings Inc. lifted its position in Amcor by 137.9% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after acquiring an additional 2,000 shares during the last quarter. Larson Financial Group LLC raised its holdings 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 buying an additional 1,257 shares during the last quarter. N.E.W. Advisory Services LLC raised its holdings in shares of Amcor by 10.1% during 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 during the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Amcor during the second quarter worth $36,000. Finally, Huntington National Bank raised its holdings in shares of Amcor by 81.8% during 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 during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Price Performance

Amcor stock opened at $38.87 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 1.19 and a beta of 0.63. The company’s 50 day simple moving average is $39.45 and its 200-day simple moving average is $42.27. Amcor PLC has a 1 year low of $36.25 and a 1 year high of $50.94.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same quarter in the previous year, the business posted $0.90 earnings per share. The business’s quarterly revenue was up 77.4% compared to the same quarter last year. As a group, equities research analysts expect that Amcor PLC will post 3.97 earnings per share for the current year.

Amcor Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AMCR. JPMorgan Chase & Co. reduced their target price 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. Citigroup reduced their target price 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. Truist Financial reissued a “buy” rating and set a $51.00 target price (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Amcor in a report on Wednesday, April 1st. They set a “buy” rating and a $50.00 target price for the company. Finally, Robert W. Baird set a $54.00 target price on shares of Amcor in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Amcor Profile

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.