Symmetry Partners LLC Increases Stock Position in Amcor PLC $AMCR

Symmetry Partners LLC raised its position in shares of Amcor PLC (NYSE:AMCR) by 22.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,140 shares of the company’s stock after acquiring an additional 3,121 shares during the period. Symmetry Partners LLC’s holdings in Amcor were worth $158,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. CX Institutional purchased a new position in Amcor in the first quarter worth about $111,000. SG Americas Securities LLC raised its stake in Amcor by 174.3% during the first quarter. SG Americas Securities LLC now owns 149,983 shares of the company’s stock valued at $1,455,000 after purchasing an additional 95,314 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in Amcor during the 1st quarter valued at about $121,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Amcor by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company’s stock valued at $12,188,000 after purchasing an additional 175,731 shares during the period. Finally, Fractal Investments LLC purchased a new stake in shares of Amcor during the 2nd quarter worth $486,000. 45.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMCR. Royal Bank Of Canada began coverage on Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating for the company. The Goldman Sachs Group started coverage on Amcor in a report on Wednesday, September 10th. They issued a “buy” rating on the stock. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. 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, Robert W. Baird lowered their price objective on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. Nine equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amcor has a consensus rating of “Moderate Buy” and a consensus price target of $11.21.

Amcor Stock Up 1.1%

Shares of NYSE:AMCR opened at $8.06 on Friday. Amcor PLC has a fifty-two week low of $7.90 and a fifty-two week high of $11.48. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The firm’s 50-day simple moving average is $8.82 and its 200-day simple moving average is $9.16. The company has a market cap of $11.65 billion, a price-to-earnings ratio of 22.39, a PEG ratio of 1.05 and a beta of 0.72.

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

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.3%. Amcor’s dividend payout ratio is 141.67%.

About Amcor

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.