Schaper Benz & Wise Investment Counsel Inc. WI Has $6.71 Million Stock Holdings in Amcor plc (NYSE:AMCR)

Schaper Benz & Wise Investment Counsel Inc. WI increased its position in Amcor plc (NYSE:AMCR) by 30.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 712,750 shares of the company’s stock after purchasing an additional 168,210 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Amcor were worth $6,707,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Amcor by 275.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,613,469 shares of the company’s stock worth $74,931,000 after purchasing an additional 4,851,222 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Amcor by 6.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,052,929 shares of the company’s stock valued at $433,358,000 after purchasing an additional 2,862,471 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Amcor by 39,411.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,811,600 shares of the company’s stock valued at $31,855,000 after purchasing an additional 2,804,484 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Amcor during the 4th quarter valued at $23,810,000. Finally, KBC Group NV grew its position in Amcor by 94.8% in the third quarter. KBC Group NV now owns 2,940,184 shares of the company’s stock worth $33,312,000 after acquiring an additional 1,430,545 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Achal Agarwal purchased 10,000 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $10.10 per share, for a total transaction of $101,000.00. Following the completion of the transaction, the director now directly owns 88,967 shares in the company, valued at approximately $898,566.70. The trade was a 12.66 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.60% of the stock is owned by insiders.

Amcor Stock Up 1.7 %

NYSE:AMCR opened at $10.29 on Friday. The company’s 50 day moving average is $9.85 and its two-hundred day moving average is $10.39. The company has a market cap of $14.87 billion, a PE ratio of 18.70, a P/E/G ratio of 1.96 and a beta of 0.80. The company has a current ratio of 1.26, a quick ratio of 0.71 and a debt-to-equity ratio of 1.80. Amcor plc has a twelve month low of $8.80 and a twelve month high of $11.48.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Amcor had a net margin of 5.89% and a return on equity of 26.14%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the business posted $0.09 EPS. The business’s revenue was down .3% compared to the same quarter last year. Analysts anticipate that Amcor plc will post 0.74 EPS for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Wednesday, February 26th. Amcor’s dividend payout ratio (DPR) is presently 92.73%.

Analyst Ratings Changes

AMCR has been the subject of several recent research reports. Jefferies Financial Group raised shares of Amcor from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. Bank of America raised shares of Amcor from an “underperform” rating to a “buy” rating and set a $12.50 price objective for the company in a research note on Wednesday, December 11th. Citigroup raised shares of Amcor from a “neutral” rating to a “buy” rating and upped their price objective for the company from $11.00 to $12.00 in a research note on Monday, January 6th. Macquarie raised shares of Amcor from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 27th. Finally, Truist Financial raised shares of Amcor from a “hold” rating to a “buy” rating and upped their price objective for the company from $10.00 to $12.00 in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.46.

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.