GW Henssler & Associates Ltd. Has $8.49 Million Stake in Amcor PLC $AMCR

GW Henssler & Associates Ltd. trimmed its holdings in Amcor PLC (NYSE:AMCR) by 41.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 924,161 shares of the company’s stock after selling 654,757 shares during the period. GW Henssler & Associates Ltd.’s holdings in Amcor were worth $8,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMCR. CX Institutional acquired a new position in shares of Amcor during the first quarter worth about $111,000. SG Americas Securities LLC boosted its position in shares of Amcor by 174.3% during the first quarter. SG Americas Securities LLC now owns 149,983 shares of the company’s stock worth $1,455,000 after buying an additional 95,314 shares during the period. State of Alaska Department of Revenue boosted its position in shares of Amcor by 51.6% during the second quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company’s stock worth $4,266,000 after buying an additional 158,082 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Amcor by 71.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,446,429 shares of the company’s stock worth $22,483,000 after buying an additional 1,019,306 shares during the period. Finally, Sound Income Strategies LLC boosted its position in shares of Amcor by 54,855.7% during the second quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock worth $5,561,000 after buying an additional 603,961 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Stock Performance

Shares of NYSE AMCR opened at $7.95 on Friday. The stock has a 50 day moving average price of $8.52 and a 200 day moving average price of $9.05. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.46. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. 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 (NYSE:AMCR) last issued 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). The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period last year, the company posted $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $0.1275 dividend. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

AMCR has been the subject of several recent research reports. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective for the company in a research report on Friday. The Goldman Sachs Group initiated coverage on Amcor in a research report on Wednesday, September 10th. They set a “buy” rating for the company. Robert W. Baird reduced their price objective on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. 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. Finally, UBS Group raised Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $11.09.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by corporate insiders.

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.