Jeppson Wealth Management LLC Invests $256,000 in Amcor PLC $AMCR

Jeppson Wealth Management LLC bought a new stake in Amcor PLC (NYSE:AMCR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,854 shares of the company’s stock, valued at approximately $256,000.

Several other large investors have also recently added to or reduced their stakes in AMCR. Vanguard Group Inc. boosted its holdings in Amcor by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after purchasing an additional 9,119,308 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amcor by 8.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock valued at $483,367,000 after buying an additional 3,778,714 shares during the period. Invesco Ltd. boosted its stake in shares of Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after buying an additional 2,889,166 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Amcor by 9.8% in the first quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock valued at $297,860,000 after buying an additional 2,735,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Amcor by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock worth $186,142,000 after acquiring an additional 490,827 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AMCR shares. Royal Bank Of Canada began coverage on shares of Amcor in a research report on Monday. They set a “sector perform” rating on the stock. UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Truist Financial set a $11.00 price target on shares of Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Wells Fargo & Company upped their price target on Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus price target of $11.21.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Amcor Stock Performance

Shares of AMCR opened at $7.99 on Thursday. Amcor PLC has a 12-month low of $7.97 and a 12-month high of $11.48. The stock has a market cap of $11.54 billion, a P/E ratio of 22.18, a PEG ratio of 1.06 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The company has a 50-day moving average of $8.88 and a two-hundred day moving average of $9.19.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the company earned $0.21 earnings per share. The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, September 5th. Amcor’s payout ratio is 141.67%.

Amcor Profile

Amcor plc develops, produces, and sells packaging products in Europe, North America, Latin America, Africa, and the Asia Pacific regions. The company operates through two segments, Flexibles and Rigid Packaging. The Flexibles segment provides flexible and film packaging products in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.