Boston Trust Walden Corp Buys Shares of 26,713 Amcor PLC $AMCR

Boston Trust Walden Corp bought a new position in Amcor PLC (NYSE:AMCR) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 26,713 shares of the company’s stock, valued at approximately $1,062,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc bought a new stake in shares of Amcor in the 1st quarter valued at $25,000. Root Financial Partners LLC bought a new position in Amcor during the first quarter worth about $41,000. CENTRAL TRUST Co acquired a new position in Amcor in the first quarter valued at about $49,000. DV Equities LLC acquired a new position in Amcor in the fourth quarter valued at about $27,000. Finally, Brown Lisle Cummings Inc. grew its stake in Amcor by 137.9% in 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 period. 45.14% of the stock is owned by institutional investors.

Amcor Stock Performance

Shares of Amcor stock opened at $44.98 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. The stock’s 50-day moving average is $39.75 and its 200-day moving average is $42.04. Amcor PLC has a one year low of $36.25 and a one year high of $50.94.

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

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a yield of 5.8%. Amcor’s dividend payout ratio is 181.82%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMCR shares. Citigroup dropped their price target on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company set a $41.00 price objective on Amcor and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Amcor in a research report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective for the company. Truist Financial reissued a “buy” rating and set a $51.00 target price (up from $50.00) on shares of Amcor in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Amcor presently has an average rating of “Moderate Buy” and an average price target of $48.00.

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.