IVC Wealth Advisors LLC Takes Position in Amcor PLC $AMCR

IVC Wealth Advisors LLC acquired a new stake in shares of Amcor PLC (NYSE:AMCR) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 15,589 shares of the company’s stock, valued at approximately $143,000.

Several other institutional investors have also modified their holdings of AMCR. Parallel Advisors LLC lifted its holdings in shares of Amcor by 53.2% during the 1st quarter. Parallel Advisors LLC now owns 6,114 shares of the company’s stock valued at $59,000 after purchasing an additional 2,122 shares in the last quarter. NBC Securities Inc. lifted its holdings in shares of Amcor by 105,725.0% during the 1st quarter. NBC Securities Inc. now owns 8,466 shares of the company’s stock valued at $82,000 after purchasing an additional 8,458 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Amcor by 20.0% during the 1st quarter. Merit Financial Group LLC now owns 16,144 shares of the company’s stock valued at $157,000 after purchasing an additional 2,686 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Amcor by 20.0% during the 1st quarter. UMB Bank n.a. now owns 6,386 shares of the company’s stock valued at $62,000 after purchasing an additional 1,066 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in shares of Amcor by 15.4% during the 1st quarter. Park Avenue Securities LLC now owns 22,594 shares of the company’s stock valued at $219,000 after purchasing an additional 3,023 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Down 0.8%

NYSE:AMCR opened at $8.17 on Friday. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73. Amcor PLC has a twelve month low of $7.90 and a twelve month high of $11.46. The stock’s 50 day moving average price is $8.67 and its two-hundred day moving average price is $9.10. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company 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 firm’s revenue for the quarter 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. Equities research analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.2%. Amcor’s payout ratio is presently 141.67%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMCR. Wells Fargo & Company lifted their price objective on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, July 18th. The Goldman Sachs Group assumed coverage on Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price on the stock. Jefferies Financial Group assumed coverage on Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Truist Financial set a $11.00 target price on Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $11.21.

Insider Buying and Selling at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.32% of the company’s stock.

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.