Callan Family Office LLC Makes New Investment in Amcor PLC $AMCR

Callan Family Office LLC bought a new position in Amcor PLC (NYSE:AMCR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,630 shares of the company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also modified their holdings of AMCR. Vanguard Group Inc. increased its stake in Amcor by 15.5% in the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after purchasing an additional 9,119,308 shares in the last quarter. Nuveen LLC acquired a new stake in Amcor in the 1st quarter valued at $37,522,000. Charles Schwab Investment Management Inc. increased its stake 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 valued at $483,367,000 after buying an additional 3,778,714 shares during the last quarter. Invesco Ltd. lifted its stake in Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after acquiring an additional 2,889,166 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Amcor by 34.9% in the first quarter. Bank of New York Mellon Corp now owns 10,613,159 shares of the company’s stock valued at $102,948,000 after acquiring an additional 2,747,846 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Amcor Stock Performance

NYSE AMCR opened at $8.11 on Wednesday. Amcor PLC has a 1 year low of $7.81 and a 1 year high of $11.46. 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 firm has a market cap of $18.68 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 1.14 and a beta of 0.73. The company has a fifty day moving average price of $8.46 and a 200-day moving average price of $9.02.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $5.08 billion during 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%.Amcor’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities research analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s dividend payout ratio is presently 141.67%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Truist Financial set a $11.00 price target on shares of Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Jefferies Financial Group assumed coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price objective on the stock. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 price target on the stock. UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a “buy” rating on the stock. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Amcor has an average rating of “Moderate Buy” and a consensus target price of $11.09.

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.