Alaska Permanent Fund Corp Takes Position in Amcor PLC $AMCR

Key Points

• The Alaska Permanent Fund Corp has acquired a new position in Amcor PLC, purchasing 325,250 shares valued at approximately $2.99 million during the first quarter.
• Several large institutional investors, including Vanguard Group Inc. and First Trust Advisors LP, significantly increased their holdings in Amcor, indicating a strong interest in the stock.
• Amcor recently declared a quarterly dividend of $0.1275 per share, which signifies a yield of 6.0% and highlights the company's commitment to returning value to its shareholders.

Alaska Permanent Fund Corp bought a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 325,250 shares of the company's stock, valued at approximately $2,992,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Rakuten Securities Inc. raised its position in shares of Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after acquiring an additional 2,996 shares in the last quarter. HM Payson & Co. purchased a new position in Amcor in the first quarter valued at about $30,000. Brentview Investment Management LLC bought a new position in Amcor in the first quarter worth about $31,000. CVA Family Office LLC raised its holdings in Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock worth $32,000 after purchasing an additional 2,280 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Amcor by 2,064.5% during the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after buying an additional 3,551 shares during the last quarter. Institutional investors own 45.14% of the company's stock.

Analyst Upgrades and Downgrades

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

Amcor Stock Performance

Shares of AMCR stock traded up $0.0650 during mid-day trading on Friday, reaching $8.7150. The stock had a trading volume of 20,394,453 shares, compared to its average volume of 29,135,446. Amcor PLC has a 1-year low of $8.37 and a 1-year high of $11.48. The firm has a market cap of $12.60 billion, a price-to-earnings ratio of 24.21, a PEG ratio of 1.14 and a beta of 0.74. The company has a current ratio of 1.21, a quick ratio of 0.37 and a debt-to-equity ratio of 1.18. The business's fifty day moving average is $9.36 and its 200-day moving average is $9.47.

Amcor (NYSE:AMCR - Get Free Report) last issued its 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 net margin of 3.40% and a return on equity of 19.43%. The firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same quarter in the prior year, the company earned $0.21 EPS. Amcor's quarterly revenue was up 43.8% on a year-over-year basis. 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 earnings per share for the current year.

Amcor Announces Dividend

The firm 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 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, September 5th. Amcor's dividend payout ratio (DPR) is 141.67%.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought 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 owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is owned by corporate insiders.

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.