Amcor Plc (NYSE: AMCR) is 17.53% higher on its value in year-to-date trading and has touched a low of $8.45 and a high of $11.48 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 $11.35 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $11.33, the stock is 1.86% and 4.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.97 million and changing -0.18% at the moment leaves the stock 14.67% off its SMA200. AMCR registered 23.56% gain for a year compared to 6-month gain of 19.89%. The firm has a 50-day simple moving average (SMA 50) of $10.8364 and a 200-day simple moving average (SMA200) of $9.8902.
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The stock witnessed a 0.18% loss in the last 1 month and extending the period to 3 months gives it a 18.02%, and is 2.26% 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 1.39% over the week and 1.54% over the month.
Amcor Plc (AMCR) has around 41000 employees, a market worth around $16.38B and $13.64B in sales. Current P/E ratio is 22.48 and Fwd P/E is 14.34. Profit margin for the company is 5.32%. Distance from 52-week low is 34.08% and -1.31% from its 52-week high. The company has generated returns on investments over the last 12 months (6.62%).
with sales reaching $3.5B over the same period.The EPS is expected to grow by 6.02% this year, but quarterly earnings will post 3.20% year-over-year.
Amcor Plc (AMCR) Top Institutional Holders
The shares outstanding are 1.44B, and float is at 1.44B with Short Float at 1.68%.
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 SORRELLS JULIE MARIE, the company’s V.P. & CORPORATE CONTROLLER. SEC filings show that SORRELLS JULIE MARIE sold 8,000 shares of the company’s common stock on Sep 03 ’24 at a price of $11.37 per share for a total of $90960.0. Following the sale, the insider now owns 38533.0 shares.
Amcor Plc disclosed in a document filed with the SEC on Feb 09 ’24 that Guerra Karen Jane (Director) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Feb 09 ’24 and was made at $9.02 per share for $0.23 million. Following the transaction, the insider now directly holds 75424.0 shares of the AMCR stock.
Still, SEC filings show that on Feb 09 ’24, Roegner Eric V (PRESIDENT,AMCOR RIGID PKG) acquired 1,560 shares at an average price of $9.10 for $14197.0. The insider now directly holds 520 shares of Amcor Plc (AMCR).
