Toews Corp ADV raised its position in Amcor plc (NYSE:AMCR – Get Rating) by 208.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 108,100 shares of the company's stock after buying an additional 73,000 shares during the period. Amcor accounts for 0.9% of Toews Corp ADV's investment portfolio, making the stock its 5th biggest holding. Toews Corp ADV's holdings in Amcor were worth $1,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new stake in Amcor in the 1st quarter valued at about $272,000. Veritable L.P. increased its stake in shares of Amcor by 13.4% during the 1st quarter. Veritable L.P. now owns 43,144 shares of the company's stock worth $489,000 after purchasing an additional 5,107 shares during the last quarter. Strategic Wealth Partners Ltd. increased its stake in shares of Amcor by 6.1% during the 1st quarter. Strategic Wealth Partners Ltd. now owns 68,683 shares of the company's stock worth $778,000 after purchasing an additional 3,954 shares during the last quarter. Comerica Bank increased its stake in shares of Amcor by 8.0% during the 1st quarter. Comerica Bank now owns 666,478 shares of the company's stock worth $8,004,000 after purchasing an additional 49,481 shares during the last quarter. Finally, Invst LLC purchased a new stake in shares of Amcor during the 4th quarter worth approximately $487,000. Hedge funds and other institutional investors own 47.76% of the company's stock.

Insiders Place Their Bets

In other Amcor news, insider Eric V. Roegner sold 1,035,748 shares of Amcor stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $12.58, for a total transaction of $13,029,709.84. Following the completion of the sale, the insider now owns 278,308 shares of the company's stock, valued at $3,501,114.64. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Louis Fred Stephan sold 29,762 shares of the business's stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $12.63, for a total value of $375,894.06. Following the completion of the sale, the insider now owns 108,598 shares of the company's stock, valued at approximately $1,371,592.74. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Eric V. Roegner sold 1,035,748 shares of the business's stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $12.58, for a total value of $13,029,709.84. Following the completion of the sale, the insider now directly owns 278,308 shares of the company's stock, valued at approximately $3,501,114.64. The disclosure for this sale can be found here. Insiders sold a total of 2,905,114 shares of company stock valued at $35,840,080 over the last 90 days. Insiders own 0.39% of the company's stock.

Amcor Price Performance

Amcor (NYSE:AMCR – Get Rating) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.82 billion. Amcor had a return on equity of 27.37% and a net margin of 5.53%. During the same quarter last year, the company earned $0.23 earnings per share. On average, research analysts anticipate that Amcor plc will post 0.81 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, September 8th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 4.45%. The ex-dividend date is Wednesday, September 7th. Amcor's dividend payout ratio (DPR) is currently 90.57%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Macquarie lowered shares of Amcor from an "outperform" rating to a "neutral" rating in a research note on Thursday, August 18th. Jefferies Financial Group lowered shares of Amcor from a "hold" rating to an "underperform" rating in a research note on Thursday, August 18th. CLSA initiated coverage on Amcor in a report on Tuesday, July 19th. They issued a "buy" rating for the company. Finally, Morgan Stanley cut Amcor from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $12.15.

Amcor Company Profile

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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.

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