Amcor plc

New York Stock Exchange
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Slightly Bullish +15

15,453 Shares in Amcor PLC $AMCR Bought by ABN Amro Investment ...

📈 ABN Amro Investment Solutions bought a new position in Amcor PLC consisting of 15,453 shares valued at approximately $614,000 during the first quarter.

📉 Multiple other institutional investors including Brown Lisle Cummings Inc. and Larson Financial Group LLC increased their stakes in the fourth quarter.

💰 The company recently paid a quarterly dividend of $0.65 per share with an annualized yield of 5.8%.

📊 Amcor PLC has a market capitalization of $20.62 billion and a price-to-earnings ratio of 31.19.

🏦 Bank of America increased its price target to $51.00 and issued a 'buy' rating on Tuesday, July 14th.

⚠️ JPMorgan Chase decreased its price target from $50.00 to $44.00 while maintaining an 'overweight' rating.

📉 Citigroup lowered its price target from $54.00 to $47.00 but retained a 'buy' rating on the stock.

🏭 Amcor specializes in flexible and rigid packaging solutions for food, beverage, pharmaceutical, and consumer products.

📈 The stock opened at $44.60, trading above its 50-day moving average of $41.11 but below its 200-day average of $42.23.

🔍 Institutional investors and hedge funds collectively own 45.14% of the company's outstanding stock.

Bullish Signals
  • ABN Amro Investment Solutions initiated a significant new position valued at $614,000 in the first quarter.
  • Brown Lisle Cummings Inc. grew its stake by 137.9% during the fourth quarter, adding 2,000 shares.
  • Larson Financial Group LLC increased its holdings by 46.1% in the fourth quarter.
  • N.E.W. Advisory Services LLC increased its position by 10.1% during the fourth quarter.
  • Bank of America raised its price target to $51.00 and upgraded the rating to 'buy'.
  • The company offers a dividend yield of 5.8% with a payout of $0.65 per share.
  • Institutional ownership stands at 45.14%, indicating strong interest from major investors.
Risk Factors
  • JPMorgan Chase decreased its price target from $50.00 to $44.00.
  • Jefferies Financial Group set a price objective of $44.92 with a 'hold' rating.
  • Citigroup lowered its price target from $54.00 to $47.00.
  • The stock is trading below its 200-day simple moving average of $42.23.
  • BMO Capital Markets initiated coverage with a 'market perform' rating and a $47.00 price objective.
Full Analysis
Institutional investor ABN Amro Investment Solutions established a new position in Amcor PLC (NYSE: AMCR) during the first quarter, purchasing 15,453 shares valued at approximately $614,000. Several other hedge funds and institutional investors also modified their holdings, with AdvisorNet Financial Inc., DV Equities LLC, Brown Lisle Cummings Inc., Larson Financial Group LLC, and N.E.W. Advisory Services LLC all acquiring new stakes or increasing existing positions in the fourth quarter. Amcor PLC is a global packaging company specializing in flexible and rigid packaging solutions for various consumer and industrial products. The company recently announced a quarterly dividend of $0.65 per share, paid on June 17th to shareholders of record as of May 28th, resulting in an annualized yield of 5.8% based on the current stock price. Analyst sentiment remains mixed regarding Amcor's future performance. Bank of America raised its price target to $51.00 with a 'buy' rating, while Citigroup lowered its target to $47.00 but maintained a 'buy' rating. Conversely, JPMorgan Chase decreased its target to $44.00 and Jefferies Financial Group set a $44.92 objective with a 'hold' rating. The consensus rating is currently a 'Moderate Buy' with a target price of $48.08.