BB&T Corp Has $634,000 Position in Amcor plc (NYSE:AMCR)
BB&T Corp lifted its position in shares of Amcor plc (NYSE:AMCR) by 95.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,043 shares of the company’s stock after buying an additional 31,728 shares during the period. BB&T Corp’s holdings in Amcor were worth $634,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CENTRAL TRUST Co acquired a new position in shares of Amcor during the second quarter worth about $28,000. North Star Investment Management Corp. acquired a new position in Amcor during the third quarter valued at approximately $25,000. QCI Asset Management Inc. NY acquired a new position in Amcor during the second quarter valued at approximately $31,000. Tyers Asset Management LLC acquired a new position in Amcor during the second quarter valued at approximately $31,000. Finally, Tower Research Capital LLC TRC acquired a new position in Amcor during the second quarter valued at approximately $33,000. 26.66% of the stock is owned by institutional investors.
In related news, insider Louis Fred Stephan sold 69,787 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $10.27, for a total transaction of $716,712.49. Corporate insiders own 0.23% of the company’s stock.
Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Amcor had a net margin of 4.72% and a return on equity of 22.10%. The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was up 38.8% on a year-over-year basis.
Several brokerages recently commented on AMCR. ValuEngine raised Amcor from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Jefferies Financial Group began coverage on Amcor in a research report on Tuesday, October 22nd. They set an “underperform” rating for the company.
Amcor Company Profile
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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