Tred Avon Family Wealth LLC Sells 53,834 Shares of Amcor PLC $AMCR

Tred Avon Family Wealth LLC decreased its holdings in Amcor PLC (NYSE:AMCR) by 70.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,941 shares of the company’s stock after selling 53,834 shares during the quarter. Tred Avon Family Wealth LLC’s holdings in Amcor were worth $912,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. N.E.W. Advisory Services LLC grew its position in shares of Amcor by 10.1% during the 4th 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. CYBER HORNET ETFs LLC raised its position in shares of Amcor by 11.1% in the fourth quarter. CYBER HORNET ETFs LLC now owns 4,488 shares of the company’s stock valued at $37,000 after buying an additional 447 shares in the last quarter. FineMark National Bank & Trust raised its position in shares of Amcor by 0.6% in the fourth quarter. FineMark National Bank & Trust now owns 80,503 shares of the company’s stock valued at $671,000 after buying an additional 503 shares in the last quarter. United Asset Strategies Inc. boosted its stake in shares of Amcor by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 38,453 shares of the company’s stock valued at $321,000 after buying an additional 597 shares during the period. Finally, AdvisorNet Financial Inc bought a new stake in shares of Amcor in the first quarter valued at approximately $25,000. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of Amcor stock opened at $43.11 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. The company has a market cap of $19.93 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64. The company has a 50 day moving average of $39.45 and a 200-day moving average of $41.95. 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 (EPS) 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 business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period last year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was up 77.4% compared to the same quarter last year. As a group, equities research analysts forecast that Amcor PLC will post 3.97 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Thursday, May 28th. Amcor’s dividend payout ratio (DPR) is currently 181.82%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMCR. Deutsche Bank Aktiengesellschaft initiated coverage on Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 price target on the stock. Weiss Ratings raised Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wells Fargo & Company set a $41.00 target price on Amcor and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Citigroup reduced their target price on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. decreased their price target on Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Amcor Company 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.