Financial & Tax Architects LLC Purchases 6,434 Shares of Amcor plc (NYSE:AMCR)

Financial & Tax Architects LLC increased its position in Amcor plc (NYSE:AMCR) by 12.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 56,579 shares of the company’s stock after buying an additional 6,434 shares during the quarter. Financial & Tax Architects LLC’s holdings in Amcor were worth $532,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AMCR. Larson Financial Group LLC lifted its holdings in shares of Amcor by 3,410.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock worth $27,000 after purchasing an additional 2,319 shares in the last quarter. Rise Advisors LLC purchased a new stake in Amcor in the 3rd quarter valued at $35,000. ORG Wealth Partners LLC purchased a new stake in Amcor in the 3rd quarter valued at $35,000. True Wealth Design LLC raised its position in Amcor by 3,794.1% in the 3rd quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after buying an additional 3,225 shares during the last quarter. Finally, Signaturefd LLC raised its position in Amcor by 296.3% in the 3rd quarter. Signaturefd LLC now owns 4,336 shares of the company’s stock valued at $49,000 after buying an additional 3,242 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Performance

AMCR traded up $0.01 during trading hours on Friday, hitting $9.71. The stock had a trading volume of 15,007,528 shares, compared to its average volume of 12,705,694. The company’s fifty day simple moving average is $9.89 and its 200 day simple moving average is $10.44. Amcor plc has a 1 year low of $8.78 and a 1 year high of $11.48. The stock has a market cap of $14.03 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.69 and a beta of 0.84. The company has a quick ratio of 0.74, a current ratio of 1.29 and a debt-to-equity ratio of 1.80.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, October 31st. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 25.60% and a net margin of 5.68%. The business had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. During the same quarter last year, the company earned $0.16 EPS. The firm’s revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that Amcor plc will post 0.74 earnings per share for the current year.

Amcor Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Thursday, November 21st were paid a $0.1275 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.51 annualized dividend and a yield of 5.26%. This is an increase from Amcor’s previous quarterly dividend of $0.13. Amcor’s dividend payout ratio (DPR) is currently 96.23%.

Wall Street Analyst Weigh In

AMCR has been the subject of a number of analyst reports. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price target for the company in a research report on Wednesday, December 11th. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Amcor from $10.50 to $10.80 and gave the company an “equal weight” rating in a research report on Tuesday, October 15th. Truist Financial raised Amcor from a “hold” rating to a “buy” rating and raised their target price for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Finally, Citigroup raised Amcor from a “neutral” rating to a “buy” rating and raised their target price for the company from $11.00 to $12.00 in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amcor currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor Company Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.