730 institutions hold shares in Amcor plc (AMCR), with 3.35M shares held by insiders accounting for 0.22% while institutional investors hold 37.98% of the company’s shares. The shares outstanding are 1.56B, and float is at 1.55B with Short Float at 2.71%. Institutions hold 37.90% of the Float.
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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 Dec 30, 2020, the second largest holder is State Street Corporation with 84.26 million shares valued at $991.75 million to account for 5.39% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 55.3 million shares representing 3.54% and valued at over $650.92 million, while Geode Capital Management, LLC holds 1.64% of the shares totaling 25.64 million with a market value of $301.74 million.
Amcor plc (NYSE: AMCR) is -1.19% lower on its value in year-to-date trading and has touched a low of $8.08 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 $11.98 in the last trading session, with the day’s loss setting it -0.35% off its average median price target of $12.59 for the next 12 months. It is also 21.05% off the consensus price target high of $14.73 offered by 16 analysts, but current levels are -1.75% lower than the price target low of $11.43 for the same period.
Currently trading at $11.63, the stock is -0.15% and 1.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.82 million and changing -2.92% at the moment leaves the stock 3.93% off its SMA200. AMCR registered 41.48% gain for a year compared to 6-month gain of 4.49%. The firm has a 50-day simple moving average (SMA 50) of $11.54 and a 200-day simple moving average (SMA200) of $11.38.
The stock witnessed a -1.11% loss in the last 1 month and extending the period to 3 months gives it a 1.48%, and is -0.94% down 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 2.37% over the week and 2.69% over the month.
Amcor plc (AMCR) has around 47000 employees, a market worth around $18.20B and $12.48B in sales. Current P/E ratio is 23.59 and Fwd P/E is 15.12. Profit margin for the company is 6.20%. Distance from 52-week low is 43.94% and -6.21% 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 2.30% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.
Amcor plc (AMCR) Insider Activity
The most recent transaction is an insider purchase by Long Nicholas T., the company’s Director. SEC filings show that Long Nicholas T. bought 2 shares of the company’s common stock on Jan 15 at a price of $11.16 per share for a total of $22.0. Following the purchase, the insider now owns 4031.0 shares.
Amcor plc disclosed in a document filed with the SEC on Dec 09 that Long Nicholas T. (Director) bought a total of 9 shares of the company’s common stock. The trade occurred on Dec 09 and was made at $11.61 per share for $104.0. Following the transaction, the insider now directly holds 4029.0 shares of the AMCR stock.
Still, SEC filings show that on Nov 02, Long Nicholas T. (Director) acquired 7 shares at an average price of $10.80 for $76.0. The insider now directly holds 4,020 shares of Amcor plc (AMCR).