Maryland State Retirement & Pension System Grows Position in Amcor PLC $AMCR

Maryland State Retirement & Pension System lifted its holdings in shares of Amcor PLC (NYSE:AMCR) by 64.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 110,602 shares of the company’s stock after acquiring an additional 43,378 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Amcor were worth $1,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Amcor by 15.5% during the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after buying an additional 9,119,308 shares during the last quarter. 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 period. 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 period. 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 period. 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 period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Price Performance

Shares of Amcor stock opened at $7.95 on Monday. Amcor PLC has a one year low of $7.81 and a one year high of $11.46. The stock’s fifty day moving average is $8.52 and its 200 day moving average is $9.04. The stock has a market cap of $18.32 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.13 and a beta of 0.73. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21.

Amcor (NYSE:AMCR) last announced its earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the business posted $0.21 earnings per share. Amcor’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. Sell-side analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company 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 was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s payout ratio is 141.67%.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on AMCR. Jefferies Financial Group began 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. Royal Bank Of Canada began coverage on shares of Amcor in a research report on Monday, September 22nd. They issued a “sector perform” rating for the company. Truist Financial set a $11.00 target price on shares of Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Stifel Nicolaus raised 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. Finally, Wells Fargo & Company lifted 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.09.

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.