Howard Capital Management Inc. Buys New Position in Amcor plc (NYSE:AMCR)

Howard Capital Management Inc. bought a new stake in shares of Amcor plc (NYSE:AMCR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,269 shares of the company’s stock, valued at approximately $238,000.

Several other large investors have also bought and sold shares of the company. Forum Financial Management LP boosted its stake in Amcor by 7.7% during the third quarter. Forum Financial Management LP now owns 14,761 shares of the company’s stock valued at $167,000 after buying an additional 1,058 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Amcor by 6.1% during the third quarter. Prime Capital Investment Advisors LLC now owns 18,961 shares of the company’s stock valued at $215,000 after buying an additional 1,085 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Amcor by 3.9% during the fourth quarter. CWA Asset Management Group LLC now owns 32,343 shares of the company’s stock valued at $304,000 after purchasing an additional 1,213 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of Amcor by 11.3% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 13,892 shares of the company’s stock valued at $131,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Amcor by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 442,152 shares of the company’s stock valued at $4,161,000 after purchasing an additional 1,761 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Up 0.6 %

Shares of Amcor stock opened at $10.33 on Wednesday. The stock has a 50-day moving average price of $9.74 and a 200 day moving average price of $10.42. The company has a market cap of $14.92 billion, a P/E ratio of 18.77, a P/E/G ratio of 1.96 and a beta of 0.84. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a 1 year low of $8.80 and a 1 year high of $11.48.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.16. Amcor had a return on equity of 26.14% and a net margin of 5.89%. The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business earned $0.09 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis. As a group, analysts expect that Amcor plc will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date is Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is presently 92.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on AMCR shares. Citigroup raised Amcor from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.00 to $12.00 in a report on Monday, January 6th. Bank of America raised Amcor from an “underperform” rating to a “buy” rating and set a $12.50 target price for the company in a report on Wednesday, December 11th. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Macquarie raised Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Finally, Jefferies Financial Group raised Amcor from a “hold” rating to a “buy” rating in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amcor has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

Amcor 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.