Blue Trust Inc. Grows Stake in Amcor PLC $AMCR

Blue Trust Inc. increased its holdings in shares of Amcor PLC (NYSE:AMCR) by 371.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,213 shares of the company’s stock after purchasing an additional 28,539 shares during the quarter. Blue Trust Inc.’s holdings in Amcor were worth $333,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. grew its holdings in Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock valued at $29,000 after buying an additional 2,996 shares in the last quarter. AdvisorNet Financial Inc grew its stake in Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after acquiring an additional 2,704 shares in the last quarter. HM Payson & Co. purchased a new position in Amcor during the first quarter valued at $30,000. Brentview Investment Management LLC purchased a new position in Amcor during the first quarter valued at $31,000. Finally, Adirondack Trust Co. purchased a new position in shares of Amcor during the second quarter valued at about $29,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group assumed coverage on Amcor in a research report on Wednesday, September 10th. They set a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 price target for the company. Wells Fargo & Company raised their target price on shares of Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, July 18th. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Finally, Jefferies Financial Group assumed coverage on shares of Amcor in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target on the stock. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.09.

Amcor Price Performance

Shares of Amcor stock opened at $8.00 on Tuesday. The stock has a market cap of $18.43 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $8.49 and a 200-day moving average price of $9.03. Amcor PLC has a one year low of $7.81 and a one year high of $11.46.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 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 analysts’ expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities analysts expect that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s payout ratio is currently 141.67%.

Amcor Company 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.