Amcor plc (NYSE:AMCR) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. boosted its holdings in shares of Amcor plc (NYSE:AMCR) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,029 shares of the company’s stock after acquiring an additional 3,227 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Amcor were worth $1,145,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Riverview Trust Co purchased a new stake in shares of Amcor in the first quarter valued at approximately $28,000. MV Capital Management Inc. boosted its stake in Amcor by 33.7% during the fourth quarter. MV Capital Management Inc. now owns 5,193 shares of the company’s stock worth $50,000 after buying an additional 1,310 shares during the last quarter. Eagle Bay Advisors LLC increased its stake in shares of Amcor by 55.5% in the 4th quarter. Eagle Bay Advisors LLC now owns 7,787 shares of the company’s stock worth $75,000 after acquiring an additional 2,779 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Amcor by 17.0% during the 4th quarter. Global Retirement Partners LLC now owns 8,397 shares of the company’s stock worth $80,000 after acquiring an additional 1,222 shares during the period. Finally, Mather Group LLC. acquired a new position in shares of Amcor during the 1st quarter valued at about $84,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of AMCR stock opened at $10.53 on Thursday. Amcor plc has a one year low of $8.45 and a one year high of $10.62. 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 firm’s 50 day moving average price is $9.97 and its 200-day moving average price is $9.60. The firm has a market cap of $15.22 billion, a P/E ratio of 23.40, a P/E/G ratio of 4.63 and a beta of 0.86.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wells Fargo & Company initiated coverage on shares of Amcor in a report on Friday, June 28th. They issued an “equal weight” rating and a $9.80 target price on the stock. JPMorgan Chase & Co. upped their price objective on Amcor from $9.90 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Stifel Nicolaus assumed coverage on Amcor in a research note on Tuesday, July 9th. They set a “hold” rating and a $10.80 target price for the company. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Amcor presently has an average rating of “Hold” and a consensus target price of $10.15.

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.