659 institutions hold shares in Amcor plc (AMCR), with 3.29M shares held by insiders accounting for 0.21% while institutional investors hold 37.44% of the company’s shares. The shares outstanding are 1.56B, and float is at 1.55B with Short Float at 2.07%. Institutions hold 37.36% of the Float.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
The top institutional shareholder in the company is Blackrock Inc. with over 107.75 million shares valued at $1.27 billion. The investor’s holdings represent 6.90% of the AMCR Shares outstanding. As of Sep 29, 2020, the second largest holder is State Street Corporation with 83.39 million shares valued at $921.44 million to account for 5.34% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 56.25 million shares representing 3.60% and valued at over $621.56 million, while Geode Capital Management, LLC holds 1.61% of the shares totaling 25.17 million with a market value of $278.14 million.
Amcor plc (NYSE: AMCR) is -2.97% lower on its value in year-to-date trading and has touched a low of $5.80 and a high of $12.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMCR stock was last observed hovering at around $11.42 in the last trading session, with the day’s loss setting it 0.0% off its average median price target of $12.59 for the next 12 months. It is also 22.47% off the consensus price target high of $14.73 offered by 16 analysts, but current levels are 0.09% higher than the price target low of $11.43 for the same period.
Currently trading at $11.42, the stock is 1.92% and 0.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.91 million and changing 0.00% at the moment leaves the stock 4.83% off its SMA200. AMCR registered 11.20% gain for a year compared to 6-month loss of 1.15%. The firm has a 50-day simple moving average (SMA 50) of $11.29 and a 200-day simple moving average (SMA200) of $11.28.
The stock witnessed a 1.69% gain in the last 1 month and extending the period to 3 months gives it a -4.27%, and is 1.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.47% over the week and 2.68% over the month.
Amcor plc (AMCR) has around 47000 employees, a market worth around $17.84B and $12.48B in sales. Current P/E ratio is 23.16 and Fwd P/E is 14.85. Profit margin for the company is 6.20%. Distance from 52-week low is 96.90% and -7.90% from its 52-week high. The company has generated returns on investments over the last 12 months (7.40%).
Amcor plc (AMCR) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Amcor plc (AMCR) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.90, where 8 rate it as a Hold and 1 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Amcor plc quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $3.25B over the same period.The EPS is expected to grow by 6.70% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 3.60% in year-over-year returns.
Amcor plc (AMCR) Insider Activity
The most recent transaction is an insider sale by Konieczny Peter, the company’s President, Amcor Flexibles. SEC filings show that Konieczny Peter sold 111,241 shares of the company’s common stock on Aug 27 at a price of $11.06 per share for a total of $1.23 million. Following the sale, the insider now owns 0.29 million shares.
Amcor plc disclosed in a document filed with the SEC on Aug 21 that Konieczny Peter (President, Amcor Flexibles) sold a total of 48,989 shares of the company’s common stock. The trade occurred on Aug 21 and was made at $11.25 per share for $0.55 million. Following the transaction, the insider now directly holds 0.24 million shares of the AMCR stock.
Still, SEC filings show that on Mar 16, Roegner Eric V (President,Amcor Rigid Plastics) acquired 1,600 shares at an average price of $5.93 for $9493.0. The insider now directly holds 1,100 shares of Amcor plc (AMCR).