Amcor PLC $AMCR Shares Bought by Vident Advisory LLC

Key Points

• Vident Advisory LLC has increased its stake in Amcor PLC by 38%, acquiring a total of 202,473 shares now valued at approximately $1.96 million.
• Amcor reported a quarterly EPS of $0.20, missing analyst expectations, with revenues of $5.08 billion, which also fell short of estimates.
• The company announced a quarterly dividend of $0.1275 per share, with an annualized yield of 5.9% and a payout ratio of 141.67%.

Vident Advisory LLC grew its holdings in shares of Amcor PLC (NYSE:AMCR - Free Report) by 38.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 202,473 shares of the company's stock after buying an additional 55,714 shares during the quarter. Vident Advisory LLC's holdings in Amcor were worth $1,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CX Institutional purchased a new position in shares of Amcor during the 1st quarter valued at approximately $111,000. SG Americas Securities LLC lifted its stake in Amcor by 174.3% during the first quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock worth $1,455,000 after purchasing an additional 95,314 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in Amcor during the first quarter worth $121,000. Wealth Enhancement Advisory Services LLC lifted its stake in Amcor by 16.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company's stock worth $12,188,000 after purchasing an additional 175,731 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in Amcor by 5.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock worth $796,000 after purchasing an additional 4,591 shares during the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMCR shares. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Robert W. Baird reduced their price objective on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Wells Fargo & Company raised their price objective on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Truist Financial set a $11.00 price objective on Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Jefferies Financial Group initiated coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.42.

Amcor Stock Performance

NYSE AMCR traded down $0.07 during trading hours on Friday, hitting $8.29. The company had a trading volume of 20,276,021 shares, compared to its average volume of 28,798,717. Amcor PLC has a fifty-two week low of $8.23 and a fifty-two week high of $11.48. 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 business has a fifty day simple moving average of $9.25 and a 200-day simple moving average of $9.38. The firm has a market cap of $11.97 billion, a P/E ratio of 23.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.72.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share 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 analyst estimates of $5.18 billion. During the same period in the prior year, the business earned $0.21 earnings per share. 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. Equities analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 5th. Amcor's dividend payout ratio (DPR) is 141.67%.

Insider Activity at Amcor

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction dated 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 of the company's stock, valued at approximately $85,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

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.