US Bancorp DE Buys 46,340 Shares of Amcor PLC $AMCR

US Bancorp DE grew its holdings in shares of Amcor PLC (NYSE:AMCR) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 814,112 shares of the company’s stock after acquiring an additional 46,340 shares during the quarter. US Bancorp DE’s holdings in Amcor were worth $7,482,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Tectonic Advisors LLC bought a new stake in shares of Amcor during the 2nd quarter valued at about $5,129,000. Maryland State Retirement & Pension System boosted its position in shares of Amcor by 64.5% during the 2nd quarter. Maryland State Retirement & Pension System now owns 110,602 shares of the company’s stock valued at $1,016,000 after acquiring an additional 43,378 shares during the last quarter. Optas LLC bought a new stake in shares of Amcor during the 2nd quarter valued at about $149,000. Secured Retirement Advisors LLC bought a new stake in shares of Amcor during the 2nd quarter valued at about $111,000. Finally, Kingswood Wealth Advisors LLC boosted its position in shares of Amcor by 89.8% during the 2nd quarter. Kingswood Wealth Advisors LLC now owns 34,399 shares of the company’s stock valued at $316,000 after acquiring an additional 16,273 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of AMCR stock opened at $7.95 on Monday. 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 PLC has a fifty-two week low of $7.81 and a fifty-two week high of $11.46. The stock has a 50 day moving average price of $8.52 and a two-hundred day moving average price of $9.04. The company has a market capitalization of $18.32 billion, a P/E ratio of 22.07, a PEG ratio of 1.13 and a beta of 0.73.

Amcor (NYSE:AMCR) last announced its quarterly earnings data 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 net margin of 3.40% and a return on equity of 19.43%. The company 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 firm posted $0.21 EPS. The business’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. Analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders 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 annualized dividend and a yield of 6.4%. Amcor’s payout ratio is presently 141.67%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Truist Financial set a $11.00 price target on Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. The Goldman Sachs Group initiated coverage on Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. Robert W. Baird decreased their price objective on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Jefferies Financial Group initiated coverage on Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.