Troluce Capital Advisors LLC Has $20.36 Million Stock Position in Amcor PLC $AMCR

Key Points

• Troluce Capital Advisors LLC significantly increased its holdings in Amcor PLC by 214.4% in the first quarter, making it the firm's 7th largest position.
• Vanguard Group Inc. boosted its stake in Amcor by 15.5%, and other institutional investors, such as Charles Schwab and Invesco, also expanded their positions in the company during the same period.
• Amcor recently declared a quarterly dividend of $0.1275 per share, yielding 5.9%, with a dividend payout ratio of 141.67%.

Troluce Capital Advisors LLC raised its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 214.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,098,820 shares of the company's stock after acquiring an additional 1,431,197 shares during the quarter. Amcor makes up 6.1% of Troluce Capital Advisors LLC's portfolio, making the stock its 7th biggest position. Troluce Capital Advisors LLC owned 0.15% of Amcor worth $20,359,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake 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 acquiring an additional 9,119,308 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amcor by 8.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock valued at $483,367,000 after acquiring an additional 3,778,714 shares during the last quarter. Invesco Ltd. boosted its stake in Amcor by 9.5% during the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after acquiring an additional 2,889,166 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Amcor by 9.8% during the first quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company's stock worth $297,860,000 after purchasing an additional 2,735,320 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Amcor by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company's stock worth $186,142,000 after purchasing an additional 490,827 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Amcor Stock Performance

Shares of AMCR stock traded down $0.07 during trading hours on Friday, reaching $8.29. The stock had a trading volume of 20,276,021 shares, compared to its average volume of 26,789,234. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. Amcor PLC has a twelve month low of $8.23 and a twelve month high of $11.48. The firm has a 50-day simple moving average of $9.23 and a 200-day simple moving average of $9.36. The firm has a market capitalization of $11.97 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share 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 firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the business earned $0.21 EPS. 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, equities analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

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

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

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.