Riverhead Capital Management LLC Takes Position in Amcor plc (NASDAQ:AMCR)

Riverhead Capital Management LLC bought a new stake in Amcor plc (NASDAQ:AMCR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,050 shares of the company’s stock, valued at approximately $35,000.

Several other institutional investors also recently modified their holdings of AMCR. Charles Schwab Investment Management Inc. acquired a new position in shares of Amcor in the 2nd quarter valued at $142,713,000. Bank of New York Mellon Corp acquired a new stake in Amcor during the 2nd quarter worth $75,987,000. RE Advisers Corp acquired a new stake in Amcor during the 2nd quarter worth $70,719,000. Swiss National Bank acquired a new stake in Amcor during the 2nd quarter worth $60,242,000. Finally, Atria Investments LLC acquired a new stake in Amcor during the 2nd quarter worth $45,084,000.

AMCR has been the subject of a number of recent research reports. Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday, June 12th. They set a “sell” rating for the company. Citigroup initiated coverage on shares of Amcor in a research note on Thursday, June 20th. They set a “buy” rating and a $13.00 price target for the company.



NASDAQ:AMCR traded up $0.12 during trading hours on Friday, reaching $10.22. 6,941,357 shares of the company’s stock were exchanged, compared to its average volume of 6,340,647. The firm’s 50-day moving average is $10.11. Amcor plc has a 1-year low of $9.32 and a 1-year high of $11.77.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Wednesday, September 11th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 4.70%. The ex-dividend date is Tuesday, September 10th.

Amcor 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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Institutional Ownership by Quarter for Amcor (NASDAQ:AMCR)

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