11,649 Shares in Amcor PLC $AMCR Purchased by Alta Advisers Ltd

Alta Advisers Ltd acquired a new position in shares of Amcor PLC (NYSE:AMCR) during the 2nd quarter, HoldingsChannel reports. The firm acquired 11,649 shares of the company’s stock, valued at approximately $107,000.

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

Insider Buying and Selling

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMCR has been the subject of several recent analyst reports. Stifel Nicolaus upgraded shares of Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price for the company in a research report on Friday. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Jefferies Financial Group initiated coverage on shares of Amcor in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating for the company. Finally, Wells Fargo & Company upped their target price on shares of Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Amcor has a consensus rating of “Moderate Buy” and an average target price of $11.09.

Amcor Trading Up 1.6%

Amcor stock opened at $7.95 on Friday. The firm has a 50 day simple moving average of $8.52 and a 200-day simple moving average of $9.05. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $18.32 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.04 and a beta of 0.73. Amcor PLC has a 12-month low of $7.81 and a 12-month high of $11.46.

Amcor (NYSE:AMCR) last posted its quarterly earnings data 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). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter last year, the business earned $0.21 earnings per share. The company’s revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities research analysts expect that Amcor PLC will post 0.74 EPS 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 paid 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 6.4%. Amcor’s dividend payout ratio is currently 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.