McAdam LLC Purchases Shares of 19,705 Amcor plc (NYSE:AMCR)

McAdam LLC acquired a new stake in Amcor plc (NYSE:AMCR) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 19,705 shares of the company’s stock, valued at approximately $185,000.

Several other large investors have also recently made changes to their positions in AMCR. Larson Financial Group LLC grew its stake in Amcor by 3,410.3% in the 3rd quarter. Larson Financial Group LLC now owns 2,387 shares of the company’s stock valued at $27,000 after buying an additional 2,319 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Amcor during the 3rd quarter valued at about $35,000. Rise Advisors LLC purchased a new position in Amcor in the 3rd quarter worth $35,000. True Wealth Design LLC lifted its position in Amcor by 3,794.1% in the third quarter. True Wealth Design LLC now owns 3,310 shares of the company’s stock valued at $38,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Amcor by 296.3% during the third quarter. Signaturefd LLC now owns 4,336 shares of the company’s stock worth $49,000 after purchasing an additional 3,242 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMCR has been the topic of several research reports. Truist Financial raised Amcor from a “hold” rating to a “buy” rating and lifted their price objective for the company from $10.00 to $12.00 in a research report on Monday, January 6th. Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 target price for the company in a research report on Wednesday, December 11th. Citigroup upgraded Amcor from a “neutral” rating to a “buy” rating and lifted their target price for the company from $11.00 to $12.00 in a research report on Monday, January 6th. UBS Group raised Amcor from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average target price of $11.46.

Amcor Stock Performance

NYSE AMCR opened at $9.55 on Tuesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.74 and a current ratio of 1.29. The business’s 50 day moving average price is $9.80 and its 200-day moving average price is $10.45. The company has a market cap of $13.80 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.86 and a beta of 0.84. Amcor plc has a fifty-two week low of $8.78 and a fifty-two week high of $11.48.

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.