Amcor Plc (NYSE:AMCR)’s traded shares stood at 8.29 million during the last session, with the company’s beta value hitting 0.84. At the close of trading, the stock’s price was $9.48, to imply an increase of 3.16% or $0.29 in intraday trading. The AMCR share’s 52-week high remains $11.39, putting it -20.15% down since that peak but still an impressive 10.86% since price per share fell to its 52-week low of $8.45. The company has a valuation of $13.70B, with an average of 9.5 million shares in intraday trading volume over the past 10 days and average of 9.06 million shares over the past 3 months.
Amcor Plc (NYSE:AMCR) trade information
After registering a 3.16% upside in the last session, Amcor Plc (AMCR) has traded red over the past five days. The stock hit a weekly high of 9.48, jumping 3.16% in its intraday price action. The 5-day price performance for the stock is 3.61%, and 5.92% over 30 days. With these gigs, the year-to-date price performance is -1.66%. Short interest in Amcor Plc (NYSE:AMCR) saw shorts transact 23.37 million shares and set a 2.17 days time to cover.
Amcor Plc (AMCR) estimates and forecasts
Looking at statistics comparing Amcor Plc share performance against respective industry, we note that the company has underperformed competitors. Amcor Plc (AMCR) shares are 4.18% up over the last 6 months, with its year-to-date growth rate lower than industry average at -6.85% against -4.10%. Revenue is forecast to shrink -5.90% this quarter before jumping 5.30% for the next one. The rating firms project that company’s revenue will shrink -5.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is $3.5 billion. Meanwhile, for the quarter ending Jun 2024, a total of 7 analyst(s) estimate revenue growth to $3.65 billion.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 7.36% for the past 5-year period. While 2024 is set for a -6.73% return in earnings, projections for the next 5 years are at 5.40% annually.
AMCR Dividends
Amcor Plc has its next earnings report out between April 30 and May 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Amcor Plc has a forward dividend ratio of 0.49, with the share yield ticking at 5.22% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Amcor Plc (NYSE:AMCR)’s Major holders
Amcor Plc insiders hold 0.31% of total outstanding shares, with institutional holders owning 52.33% of the shares at 52.49% float percentage. In total, 52.33% institutions holds shares in the company, led by Blackrock Inc.. As of Jun 29, 2023, the company held over 112.53 million shares (or 7.78% of shares), all amounting to roughly $1.12 billion.
The next major institution holding the largest number of shares is State Street Corporation with 105.69 million shares, or about 7.31% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $1.05 billion.
We also have Vanguard 500 Index Fund and SPDR (R) Ser Tr- SPDR (R) S&P (R) Dividend ETF as the top two Mutual Funds with the largest holdings of the Amcor Plc (AMCR) shares. Going by data provided on Jun 29, 2023, Vanguard 500 Index Fund holds roughly 35.04 million shares. This is just over 2.42% of the total shares, with a market valuation of $349.65 million. Data from the same date shows that the other fund manager holds a little less at 24.06 million, or 1.66% of the shares, all valued at about 234.39 million.
