Amcor Sees Unusually Large Options Volume (NYSE:AMCR)

Amcor PLC (NYSE:AMCR) saw unusually large options trading on Friday. Traders acquired 41,666 put options on the company. This is an increase of approximately 965% compared to the typical volume of 3,913 put options.

Amcor Stock Performance

NYSE:AMCR opened at $7.91 on Friday. Amcor has a twelve month low of $7.66 and a twelve month high of $11.24. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $8.20 and its two-hundred day moving average price is $8.92. The stock has a market cap of $18.22 billion, a P/E ratio of 21.96, a PEG ratio of 1.14 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 analysts’ consensus estimates of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’s revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts predict that Amcor will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders 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 dividend yield of 6.5%. Amcor’s payout ratio is currently 141.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AMCR shares. Robert W. Baird dropped their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Truist Financial set a $11.00 target price on Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. Wells Fargo & Company reduced their price target on Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective on the stock in a research note on Friday, October 10th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $10.84.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price 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 of the company’s stock, 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 accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. State Street Corp increased its position in Amcor by 41.4% in the second quarter. State Street Corp now owns 129,701,986 shares of the company’s stock worth $1,191,961,000 after buying an additional 37,982,310 shares in the last quarter. Vanguard Group Inc. boosted its stake in Amcor by 61.8% during the second quarter. Vanguard Group Inc. now owns 110,228,036 shares of the company’s stock valued at $1,012,996,000 after buying an additional 42,122,135 shares during the last quarter. M&G PLC lifted its stake in shares of Amcor by 23.4% in the 2nd quarter. M&G PLC now owns 85,596,005 shares of the company’s stock valued at $770,364,000 after purchasing an additional 16,212,783 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Amcor by 62.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock valued at $742,279,000 after purchasing an additional 30,938,660 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Amcor by 55.3% in the second quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company’s stock worth $538,551,000 after buying an additional 20,946,520 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

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.