Nuveen LLC Invests $37.52 Million in Amcor PLC $AMCR

Key Points

• Nuveen LLC has acquired approximately 3.87 million shares of Amcor PLC, valued at about $37.5 million, representing 0.27% of the company's stock.
• Amcor recently announced a quarterly dividend of $0.1275 per share, yielding approximately 5.8%, with a payout date set for September 25th.
• Analyst ratings vary, with expectations for Amcor's consensus rating being a Moderate Buy and a target price average of $11.42.

Nuveen LLC acquired a new position in Amcor PLC (NYSE:AMCR - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,868,208 shares of the company's stock, valued at approximately $37,522,000. Nuveen LLC owned 0.27% of Amcor as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Amcor by 15.5% in the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock worth $660,627,000 after purchasing an additional 9,119,308 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Amcor by 8.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock worth $483,367,000 after purchasing an additional 3,778,714 shares during the period. Invesco Ltd. grew its holdings in shares of Amcor by 9.5% during the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after buying an additional 2,889,166 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Amcor by 5.1% during the first quarter. Federated Hermes Inc. now owns 18,747,111 shares of the company's stock valued at $181,847,000 after buying an additional 916,739 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Amcor by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 18,700,717 shares of the company's stock valued at $175,967,000 after buying an additional 1,886,794 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Amcor Stock Performance

AMCR traded up $0.0470 during trading on Tuesday, hitting $8.5270. The company's stock had a trading volume of 32,299,985 shares, compared to its average volume of 29,362,955. The company has a quick ratio of 0.37, a current ratio of 0.67 and a debt-to-equity ratio of 1.18. Amcor PLC has a one year low of $8.37 and a one year high of $11.48. The firm has a market cap of $12.32 billion, a PE ratio of 23.69, a P/E/G ratio of 1.14 and a beta of 0.74. The business's 50 day simple moving average is $9.41 and its 200-day simple moving average is $9.50.

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 the consensus estimate of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business 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 business posted $0.21 earnings per share. The firm'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. As a group, sell-side analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal 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 6.0%. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Robert W. Baird cut their price target on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday. 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. Raymond James Financial assumed coverage on shares of Amcor in a report on Tuesday, April 22nd. They set a "market perform" rating on the stock. Jefferies Financial Group assumed 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. Finally, Wells Fargo & Company increased their price target on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Amcor presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.42.

Amcor 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.