80,294 Shares in Amcor PLC $AMCR Bought by Ellsworth Advisors LLC

Key Points

• Ellsworth Advisors LLC purchased 80,294 shares of Amcor PLC, valued at approximately $779,000, during the first quarter of the year.
• Analysts have mixed views on Amcor, with several rating it as a "buy," while Robert W. Baird has set a lower target price of $10.00, reducing it from $11.00.
• Amcor recently announced a quarterly dividend of $0.1275 per share, yielding 6.2%, which will be paid on September 25th.

Ellsworth Advisors LLC acquired a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 80,294 shares of the company's stock, valued at approximately $779,000.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its stake in Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after purchasing an additional 2,996 shares during the last quarter. HM Payson & Co. bought a new position in Amcor during the first quarter worth $30,000. Brentview Investment Management LLC bought a new position in Amcor during the first quarter worth $31,000. CVA Family Office LLC lifted its stake in Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock valued at $32,000 after buying an additional 2,280 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Amcor in the first quarter valued at $36,000. 45.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMCR has been the topic of a number of recent research reports. Robert W. Baird cut their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. The Goldman Sachs Group initiated coverage on Amcor in a research note on Wednesday. They issued a "buy" rating on the stock. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Wells Fargo & Company raised their target price on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Jefferies Financial Group initiated coverage on Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $11.42.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Amcor Stock Up 0.7%

AMCR stock opened at $8.25 on Thursday. Amcor PLC has a 52 week low of $8.16 and a 52 week high of $11.48. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 22.90, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. The firm's 50-day moving average is $9.16 and its two-hundred day moving average is $9.32. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS 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 the consensus estimate of $5.18 billion. During the same quarter last year, the firm posted $0.21 earnings per share. 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, analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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

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.

Want to see what other hedge funds are holding AMCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amcor PLC (NYSE:AMCR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.