Janus Henderson Group PLC Has $140.94 Million Stock Holdings in Amcor PLC $AMCR

Janus Henderson Group PLC trimmed its position in shares of Amcor PLC (NYSE:AMCR) by 70.5% during the 1st quarter, HoldingsChannel reports. The fund owned 3,545,337 shares of the company’s stock after selling 8,476,414 shares during the quarter. Janus Henderson Group PLC’s holdings in Amcor were worth $140,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC lifted its position in shares of Amcor by 10.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after acquiring an additional 373 shares during the period. CYBER HORNET ETFs LLC increased its position in shares of Amcor by 11.1% during the fourth quarter. CYBER HORNET ETFs LLC now owns 4,488 shares of the company’s stock valued at $37,000 after purchasing an additional 447 shares during the period. FineMark National Bank & Trust raised its stake in shares of Amcor by 0.6% in the fourth quarter. FineMark National Bank & Trust now owns 80,503 shares of the company’s stock valued at $671,000 after purchasing an additional 503 shares in the last quarter. United Asset Strategies Inc. raised its stake in shares of Amcor by 1.6% in the fourth quarter. United Asset Strategies Inc. now owns 38,453 shares of the company’s stock valued at $321,000 after purchasing an additional 597 shares in the last quarter. Finally, AdvisorNet Financial Inc bought a new position in Amcor in the first quarter worth $25,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets began coverage on shares of Amcor in a research note on Thursday, July 16th. They set a “market perform” rating and a $47.00 price target on the stock. Truist Financial restated a “buy” rating and issued a $51.00 price objective (up from $50.00) on shares of Amcor in a research note on Thursday, May 7th. Jefferies Financial Group set a $44.92 price objective on shares of Amcor and gave the stock a “hold” rating in a report on Tuesday, July 21st. Wells Fargo & Company set a $43.00 target price on shares of Amcor and gave the company an “equal weight” rating in a research report on Wednesday, July 15th. Finally, Citigroup lowered their target price on shares of Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Amcor has a consensus rating of “Moderate Buy” and a consensus price target of $48.08.

Amcor Price Performance

Amcor stock opened at $44.96 on Friday. The business has a 50 day simple moving average of $41.89 and a 200 day simple moving average of $42.33. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. The company has a market capitalization of $20.79 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 1.42 and a beta of 0.62. Amcor PLC has a one year low of $36.25 and a one year high of $50.94.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The business’s revenue was up 77.4% compared to the same quarter last year. On average, sell-side analysts forecast that Amcor PLC will post 3.97 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th were issued a $0.65 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $2.60 annualized dividend and a dividend yield of 5.8%. Amcor’s dividend payout ratio is presently 181.82%.

About Amcor

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.