Amcor (NYSE:AMCR) Sets New 52-Week Low - Time to Sell?

Key Points

• Amcor PLC's shares have recently hit a new 52-week low at $8.16, indicating a significant decline in market performance.
• Analysts show mixed sentiments, with some upgrading the stock to a "buy" rating while others have reduced price targets, resulting in an average rating of "Moderate Buy."
• The company declared a quarterly dividend of $0.1275 per share, representing a 6.2% yield, despite having a high payout ratio of 141.67%.

Amcor PLC (NYSE:AMCR - Get Free Report) reached a new 52-week low during trading on Tuesday . The stock traded as low as $8.16 and last traded at $8.24, with a volume of 20450883 shares changing hands. The stock had previously closed at $8.30.

Wall Street Analyst Weigh In

AMCR has been the topic of several research reports. Truist Financial set a $11.00 price target on shares of Amcor and gave the company a "buy" rating in a report on Friday, July 11th. Jefferies Financial Group began coverage on shares of Amcor in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price objective for the company. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company increased their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Finally, The Goldman Sachs Group began coverage on shares of Amcor in a research report on Wednesday. They issued a "buy" rating for the company. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, Amcor has an average rating of "Moderate Buy" and an average price target of $11.42.

Amcor Price Performance

The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.07 and a beta of 0.72. The business's 50-day moving average price is $9.11 and its two-hundred day moving average price is $9.28.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly 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 return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the previous year, the business 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, research analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be given a dividend of $0.1275 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.2%. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, with a total value 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Institutional Trading of Amcor

A number of hedge funds have recently made changes to their positions in AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Amcor by 2.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 247,624 shares of the company's stock worth $2,323,000 after buying an additional 5,570 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in Amcor by 20.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 60,408 shares of the company's stock worth $568,000 after purchasing an additional 10,184 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Amcor by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 2,998,923 shares of the company's stock worth $28,220,000 after purchasing an additional 27,406 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in Amcor by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 236,808 shares of the company's stock worth $2,235,000 after purchasing an additional 2,968 shares during the last quarter. Finally, Man Group plc bought a new position in Amcor during the fourth quarter worth $2,462,000. Institutional investors and hedge funds 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.