Amcor plc (NYSE:AMCR) Position Decreased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. reduced its holdings in Amcor plc (NYSE:AMCR) by 58.4% during the second quarter, Holdings Channel reports. The firm owned 4,500 shares of the company’s stock after selling 6,315 shares during the period. ST Germain D J Co. Inc.’s holdings in Amcor were worth $44,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riverview Trust Co acquired a new stake in shares of Amcor during the 1st quarter valued at $28,000. EverSource Wealth Advisors LLC boosted its position in shares of Amcor by 132.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,416 shares of the company’s stock valued at $39,000 after purchasing an additional 2,519 shares during the period. MV Capital Management Inc. increased its stake in Amcor by 33.7% in the 4th quarter. MV Capital Management Inc. now owns 5,193 shares of the company’s stock worth $50,000 after purchasing an additional 1,310 shares in the last quarter. Eagle Bay Advisors LLC raised its holdings in Amcor by 55.5% during the 4th quarter. Eagle Bay Advisors LLC now owns 7,787 shares of the company’s stock worth $75,000 after buying an additional 2,779 shares during the period. Finally, Global Retirement Partners LLC lifted its stake in Amcor by 17.0% during the fourth quarter. Global Retirement Partners LLC now owns 8,397 shares of the company’s stock valued at $80,000 after buying an additional 1,222 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Stock Up 1.9 %

Shares of Amcor stock traded up $0.20 on Tuesday, hitting $10.49. 11,352,618 shares of the company traded hands, compared to its average volume of 9,201,354. Amcor plc has a 12-month low of $8.45 and a 12-month high of $10.62. The company has a quick ratio of 0.75, a current ratio of 1.29 and a debt-to-equity ratio of 1.76. The company has a market cap of $15.16 billion, a PE ratio of 23.36, a PEG ratio of 4.64 and a beta of 0.86. The company has a 50-day moving average price of $10.00 and a 200 day moving average price of $9.62.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on AMCR shares. Wells Fargo & Company started coverage on shares of Amcor in a research report on Friday, June 28th. They issued an “equal weight” rating and a $9.80 target price on the stock. Stifel Nicolaus started coverage on shares of Amcor in a research note on Tuesday, July 9th. They set a “hold” rating and a $10.80 target price on the stock. Finally, JPMorgan Chase & Co. raised their target price on Amcor from $9.90 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. 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, Amcor presently has a consensus rating of “Hold” and an average price target of $10.15.

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.