Amcor Plc (NYSE: AMCR) is 15.87% higher on its value in year-to-date trading and has touched a low of $8.45 and a high of $11.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMCR stock was last observed hovering at around $11.10 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $11.17, the stock is 5.22% and 9.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.52 million and changing 0.63% at the moment leaves the stock 15.59% off its SMA200. AMCR registered 18.83% gain for a year compared to 6-month gain of 22.21%.
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The stock witnessed a 7.61% loss in the last 1 month and extending the period to 3 months gives it a 12.37%, and is 5.18% 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 1.42% over the week and 1.88% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $16.14B and $13.64B in sales. Current P/E ratio is 22.17 and Fwd P/E is 14.14. Profit margin for the company is 5.32%. Distance from 52-week low is 32.19% and 0.54% from its 52-week high. The company has generated returns on investments over the last 12 months (6.62%).
The EPS is expected to grow by 6.03% this year.
Amcor Plc (AMCR) Top Institutional Holders
The shares outstanding are 1.44B, and float is at 1.44B with Short Float at 1.46%.
The top institutional shareholder in the company is BLACKROCK INC. with over 94.89 million shares valued at $928.02 million. The investor’s holdings represent 6.5941% of the AMCR Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 91.95 million shares valued at $899.3 million to account for 6.3901 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 57.22 million shares representing 3.9761% and valued at over $559.58 million, while M&G PLC holds 3.2776 of the shares totaling 47.16 million with a market value of $471.64 million.
Amcor Plc (AMCR) Insider Activity
The most recent transaction is an insider sale by Guerra Karen Jane, the company’s Director. SEC filings show that Guerra Karen Jane sold 25,000 shares of the company’s common stock on Feb 09 ’24 at a price of $9.02 per share for a total of $0.23 million. Following the sale, the insider now owns 75424.0 shares.
Amcor Plc disclosed in a document filed with the SEC on Feb 09 ’24 that Roegner Eric V (PRESIDENT,AMCOR RIGID PKG) bought a total of 1,560 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $9.10 per share for $14197.0. Following the transaction, the insider now directly holds 520.0 shares of the AMCR stock.
Still, SEC filings show that on Dec 01 ’23, NAYAR ARUN (Director) disposed off 10,261 shares at an average price of $9.39 for $96351.0. The insider now directly holds 52,527 shares of Amcor Plc (AMCR).
