52,925 Shares in Amcor PLC $AMCR Acquired by Fractal Investments LLC

Key Points

• Fractal Investments LLC has acquired 52,925 shares of Amcor PLC, valued at approximately $486,000, marking a new position for the institutional investor in the second quarter.
• Amcor's stock has received multiple upgrades from analysts, with eight rating it as a Buy and a consensus price target of $11.42, while the current trading price is around $8.27.
• The company recently announced a quarterly dividend of $0.1275, translating to a 6.2% yield and a dividend payout ratio of 141.67%.

Fractal Investments LLC acquired a new stake in shares of Amcor PLC (NYSE:AMCR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,925 shares of the company's stock, valued at approximately $486,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMCR. Vanguard Group Inc. raised its holdings 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 buying an additional 9,119,308 shares during the period. Nuveen LLC purchased a new stake in Amcor in the first quarter worth $37,522,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Amcor by 8.2% during the first 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 period. Point72 Asset Management L.P. purchased a new stake in shares of Amcor during the fourth quarter valued at $31,485,000. Finally, Invesco Ltd. increased its stake 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 buying an additional 2,889,166 shares during the period. Hedge funds and other institutional investors own 45.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMCR. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research report on Friday. They issued an "overweight" rating and a $10.00 price objective for the company. The Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a "buy" rating for the company. UBS Group raised Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, Wells Fargo & Company upped their target price on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.21.

Insider Activity at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average price of $8.55 per share, with a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Amcor Stock Performance

Shares of AMCR stock traded down $0.04 on Friday, hitting $8.27. The company had a trading volume of 10,669,166 shares, compared to its average volume of 28,261,365. 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 firm has a market cap of $11.95 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 1.07 and a beta of 0.72. The company has a 50-day moving average price of $8.99 and a 200-day moving average price of $9.25. Amcor PLC has a twelve month low of $8.16 and a twelve month high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued 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 return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same period in the previous year, the firm posted $0.21 EPS. Amcor's 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. As a group, equities research analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

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