Amcor PLC $AMCR Shares Purchased by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP increased its holdings in Amcor PLC by 9.8%, owning approximately 30.7 million shares valued at $297.86 million after acquiring an additional 2.7 million shares.
• Amcor reported a quarterly earnings per share of $0.20, falling short of the consensus estimate of $0.21, with revenue of $5.08 billion, compared to expectations of $5.18 billion.
• The company announced a quarterly dividend of $0.1275 per share, representing a 6.0% yield and a payout ratio of 141.67%, showcasing strong returns for investors despite recent earnings misses.

Wellington Management Group LLP lifted its position in Amcor PLC (NYSE:AMCR - Free Report) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,707,205 shares of the company's stock after purchasing an additional 2,735,320 shares during the quarter. Wellington Management Group LLP owned approximately 2.12% of Amcor worth $297,860,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. boosted 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 valued at $29,000 after purchasing an additional 2,996 shares during the period. HM Payson & Co. acquired a new position in Amcor in the first quarter valued at $30,000. Brentview Investment Management LLC acquired a new position in Amcor in the first quarter valued at $31,000. CVA Family Office LLC increased 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 purchasing an additional 2,280 shares during the period. Finally, Quarry LP increased its stake in Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after purchasing an additional 3,551 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett bought 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, for a total transaction of $85,500.00. Following the completion of the transaction, the director owned 10,000 shares of the company's stock, valued at $85,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

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

Amcor Price Performance

AMCR traded down $0.1750 on Monday, hitting $8.5350. 6,595,677 shares of the company were exchanged, compared to its average volume of 29,094,885. 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 business's fifty day moving average is $9.36 and its 200 day moving average is $9.47. Amcor PLC has a fifty-two week low of $8.37 and a fifty-two week high of $11.48. The firm has a market capitalization of $12.34 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.74.

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 for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company'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. As a group, sell-side analysts anticipate that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be given a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a yield of 6.0%. The ex-dividend date is Friday, September 5th. Amcor's dividend 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.