Strs Ohio Grows Stock Holdings in Amcor PLC $AMCR

Strs Ohio grew its holdings in shares of Amcor PLC (NYSE:AMCR) by 40.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 245,608 shares of the company’s stock after purchasing an additional 70,620 shares during the period. Strs Ohio’s holdings in Amcor were worth $2,257,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AMCR. Vanguard Group Inc. boosted its stake in Amcor by 15.5% during the 1st 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 during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Amcor by 4,928.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,732,524 shares of the company’s stock valued at $44,817,000 after purchasing an additional 4,638,412 shares during the last quarter. Nuveen LLC purchased a new stake in Amcor during the 1st quarter valued at $37,522,000. Charles Schwab Investment Management Inc. boosted its stake in Amcor by 8.2% during 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 purchasing an additional 3,778,714 shares during the last quarter. Finally, Invesco Ltd. grew its position in Amcor by 9.5% in the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock worth $323,149,000 after purchasing an additional 2,889,166 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AMCR has been the subject of a number of research analyst reports. Royal Bank Of Canada initiated coverage on shares of Amcor in a research report on Monday, September 22nd. They issued a “sector perform” rating for the company. Wells Fargo & Company cut their target price on shares of Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. The Goldman Sachs Group initiated coverage on shares of Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, October 8th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.84.

Insider Buying and Selling

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.32% of the stock is currently owned by insiders.

Amcor Stock Down 0.6%

AMCR opened at $7.86 on Tuesday. 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 $7.66 and a fifty-two week high of $10.70. The firm’s fifty day moving average is $8.19 and its 200 day moving average is $8.91. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 1.14 and a beta of 0.73.

Amcor (NYSE:AMCR) last released its 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). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter last year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, sell-side analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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

About Amcor

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.