California State Teachers Retirement System Sells 49,364 Shares of Amcor plc (NYSE:AMCR)

California State Teachers Retirement System trimmed its position in shares of Amcor plc (NYSE:AMCR) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,092,872 shares of the company’s stock after selling 49,364 shares during the period. California State Teachers Retirement System owned approximately 0.14% of Amcor worth $19,903,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. NorthRock Partners LLC raised its position in Amcor by 2.0% in the first quarter. NorthRock Partners LLC now owns 54,237 shares of the company’s stock worth $516,000 after purchasing an additional 1,050 shares in the last quarter. Wealth Alliance lifted its position in shares of Amcor by 1.9% during the 4th quarter. Wealth Alliance now owns 55,592 shares of the company’s stock worth $536,000 after buying an additional 1,061 shares during the period. Czech National Bank boosted its stake in Amcor by 0.5% in the 1st quarter. Czech National Bank now owns 254,309 shares of the company’s stock valued at $2,418,000 after buying an additional 1,166 shares in the last quarter. Global Retirement Partners LLC grew its position in Amcor by 17.0% in the fourth quarter. Global Retirement Partners LLC now owns 8,397 shares of the company’s stock valued at $80,000 after acquiring an additional 1,222 shares during the period. Finally, MV Capital Management Inc. lifted its holdings in shares of Amcor by 33.7% during the fourth quarter. MV Capital Management Inc. now owns 5,193 shares of the company’s stock valued at $50,000 after acquiring an additional 1,310 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Ratings Changes

AMCR has been the topic of a number of research analyst reports. Stifel Nicolaus started coverage on Amcor in a research report on Tuesday, July 9th. They set a “hold” rating and a $10.80 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company started coverage on Amcor in a report on Friday, June 28th. They set an “equal weight” rating and a $9.80 price objective for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $10.15.

Amcor Stock Down 0.2 %

AMCR traded down $0.02 on Thursday, hitting $10.51. 738,170 shares of the company were exchanged, compared to its average volume of 8,973,210. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.75 and a current ratio of 1.29. The stock’s fifty day moving average is $9.97 and its 200-day moving average is $9.60. The company has a market cap of $15.19 billion, a PE ratio of 23.40, a PEG ratio of 4.63 and a beta of 0.86. Amcor plc has a 12 month low of $8.45 and a 12 month high of $10.62.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, April 30th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Amcor had a net margin of 4.75% and a return on equity of 24.66%. The business had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.49 billion. During the same period last year, the business earned $0.18 earnings per share. The firm’s revenue was down 7.0% on a year-over-year basis. Equities research analysts predict that Amcor plc will post 0.7 EPS for the current fiscal year.

About Amcor

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.