Amcor PLC $AMCR Shares Bought by Bayforest Capital Ltd

Bayforest Capital Ltd grew its holdings in shares of Amcor PLC (NYSE:AMCR) by 39.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,947 shares of the company’s stock after purchasing an additional 14,376 shares during the period. Bayforest Capital Ltd’s holdings in Amcor were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Park Avenue Securities LLC boosted its holdings in Amcor by 15.4% during the first quarter. Park Avenue Securities LLC now owns 22,594 shares of the company’s stock worth $219,000 after buying an additional 3,023 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company’s stock valued at $1,455,000 after acquiring an additional 95,314 shares during the last quarter. CX Institutional acquired a new stake in shares of Amcor during the first quarter worth $111,000. Fifth Third Bancorp lifted its holdings in shares of Amcor by 2.6% during the first quarter. Fifth Third Bancorp now owns 66,369 shares of the company’s stock valued at $644,000 after purchasing an additional 1,708 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC acquired a new position in shares of Amcor in the 1st quarter valued at $97,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Up 1.6%

Amcor stock opened at $8.11 on Wednesday. Amcor PLC has a twelve month low of $7.81 and a twelve month high of $11.46. 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 firm has a market cap of $18.68 billion, a PE ratio of 22.51, a P/E/G ratio of 1.14 and a beta of 0.73. The firm’s 50 day moving average price is $8.46 and its two-hundred day moving average price is $9.02.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS 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 for the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the prior year, the firm earned $0.21 earnings per share. The company’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. On average, research analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

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

Wall Street Analysts Forecast Growth

AMCR has been the topic of several recent analyst reports. Wells Fargo & Company boosted their price objective on Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Jefferies Financial Group started coverage on shares of Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 price objective for the company. Royal Bank Of Canada began coverage on shares of Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating on the stock. Finally, UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Amcor has an average rating of “Moderate Buy” and a consensus target price of $11.09.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.32% of the stock is owned by company insiders.

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.