Amcor PLC $AMCR Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Amcor PLC by 105.6%, acquiring 90,022 additional shares during the second quarter, bringing its total holdings to 175,269 shares valued at approximately $1.61 million.
• Amcor's shares received several upgrades from analysts, with ten analysts rating it as a "Buy" and setting a consensus price target of $10.84, despite a recent earnings report showing a slight miss on expected EPS and revenue.
• The company declared a quarterly dividend of $0.1275 per share, yielding 6.3%, though it reported a high dividend payout ratio of 141.67%.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 105.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,269 shares of the company's stock after purchasing an additional 90,022 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Amcor were worth $1,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. waypoint wealth counsel acquired a new stake in shares of Amcor during the 2nd quarter worth approximately $115,000. Apollon Wealth Management LLC raised its position in shares of Amcor by 635.3% during the 2nd quarter. Apollon Wealth Management LLC now owns 83,119 shares of the company's stock worth $764,000 after purchasing an additional 71,815 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of Amcor by 218.0% during the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 37,318 shares of the company's stock worth $343,000 after purchasing an additional 25,583 shares during the period. Aberdeen Group plc raised its position in shares of Amcor by 59.5% during the 2nd quarter. Aberdeen Group plc now owns 329,689 shares of the company's stock worth $3,041,000 after purchasing an additional 123,007 shares during the period. Finally, Shayne & Jacobs LLC acquired a new stake in shares of Amcor during the 2nd quarter worth approximately $1,180,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AMCR shares. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Stifel Nicolaus upgraded Amcor from a "hold" rating to a "buy" rating and set a $10.20 target price on the stock in a research report on Friday, October 10th. Weiss Ratings restated a "hold (c-)" rating on shares of Amcor in a research report on Wednesday, October 8th. Wells Fargo & Company lowered their target price on Amcor from $11.00 to $9.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, The Goldman Sachs Group started coverage on Amcor in a research report on Wednesday, September 10th. They issued a "buy" rating on the stock. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Amcor presently has a consensus rating of "Moderate Buy" and a consensus price target of $10.84.

Amcor Stock Performance

Shares of NYSE AMCR opened at $8.14 on Friday. The stock has a fifty day moving average price of $8.38 and a two-hundred day moving average price of $9.00. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The firm has a market cap of $18.77 billion, a P/E ratio of 22.61, a PEG ratio of 1.16 and a beta of 0.73. Amcor PLC has a 1 year low of $7.81 and a 1 year high of $11.33.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business's revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Research analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost 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. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company's stock.

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.

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