33,224 Shares in Amcor PLC $AMCR Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired 33,224 shares of Amcor PLC, valued at approximately $322,000, as revealed in their recent 13F filing with the SEC.
• Amcor recently reported Q2 earnings of $0.20 per share, missing analyst expectations of $0.21, while quarterly revenues reached $5.08 billion, below the consensus estimate of $5.18 billion.
• The company declared a quarterly dividend of $0.1275 per share, set to be paid on September 25th, with a resulting annualized dividend yield of 6.2%.

MBB Public Markets I LLC purchased a new stake in shares of Amcor PLC (NYSE:AMCR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 33,224 shares of the company's stock, valued at approximately $322,000.

Other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in shares of Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after buying an additional 2,996 shares during the last quarter. HM Payson & Co. acquired a new position in shares of Amcor during the first quarter valued at approximately $30,000. Brentview Investment Management LLC acquired a new position in shares of Amcor during the first quarter valued at approximately $31,000. CVA Family Office LLC increased its stake in shares of Amcor by 234.1% during the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock valued at $32,000 after acquiring an additional 2,280 shares during the period. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Amcor during the first quarter valued at approximately $36,000. Institutional investors own 45.14% of the company's stock.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the firm's stock in a transaction 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 transaction, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

Amcor Price Performance

Amcor stock traded down $0.06 during mid-day trading on Friday, hitting $8.27. The company's stock had a trading volume of 12,939,915 shares, compared to its average volume of 20,812,420. 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 stock has a market capitalization of $11.95 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.07 and a beta of 0.72. Amcor PLC has a twelve month low of $8.16 and a twelve month high of $11.48. The stock's fifty 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 posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company's quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be given a $0.1275 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.2%. Amcor's payout ratio is 141.67%.

Analyst Ratings Changes

A number of research firms recently commented on AMCR. Robert W. Baird lowered their price objective on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Wells Fargo & Company raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Jefferies Financial Group began coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Finally, Truist Financial set a $11.00 price objective on shares of Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

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.