Atria Wealth Solutions Inc. Takes $221,000 Position in Amcor PLC $AMCR

Atria Wealth Solutions Inc. bought a new stake in shares of Amcor PLC (NYSE:AMCR) during the second quarter, HoldingsChannel reports. The firm bought 24,052 shares of the company’s stock, valued at approximately $221,000.

A number of other hedge funds have also recently modified their holdings of AMCR. AdvisorNet Financial Inc boosted its holdings in shares of Amcor by 839.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after buying an additional 2,704 shares in the last quarter. Adirondack Trust Co. bought a new position in Amcor in the 2nd quarter worth about $29,000. HM Payson & Co. bought a new position in Amcor in the 1st quarter worth about $30,000. Brentview Investment Management LLC bought a new position in Amcor in the 1st quarter worth about $31,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Amcor in the 2nd quarter worth about $33,000. Institutional investors own 45.14% of the company’s stock.

Amcor Trading Up 0.1%

Amcor stock opened at $8.15 on Thursday. The firm has a 50 day moving average of $8.28 and a 200 day moving average of $8.97. The firm has a market capitalization of $18.78 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.16 and a beta of 0.73. Amcor PLC has a 12-month low of $7.81 and a 12-month high of $11.24. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18.

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

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given a $0.1275 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. Amcor’s dividend payout ratio (DPR) is currently 141.67%.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AMCR shares. Jefferies Financial Group started coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 price target on the stock. The Goldman Sachs Group assumed coverage on shares of Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating on the stock. Royal Bank Of Canada assumed coverage on Amcor in a research report on Monday, September 22nd. They issued a “sector perform” rating for the company. Finally, Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $10.84.

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.