Amcor PLC $AMCR Shares Sold by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. reduced its holdings in Amcor PLC by 35.6%, selling 57,781 shares in the first quarter, while retaining 104,573 shares worth approximately $1,014,000.
• Amcor recently reported $0.20 earnings per share for the last quarter, missing the consensus estimate of $0.21, and had a revenue of $5.08 billion compared to expectations of $5.18 billion.
• The company declared a quarterly dividend of $0.1275 per share, resulting in a yield of 6.1%, with payments to be made on September 25th for investors recorded by September 5th.

Graham Capital Management L.P. lessened its holdings in shares of Amcor PLC (NYSE:AMCR - Free Report) by 35.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,573 shares of the company's stock after selling 57,781 shares during the quarter. Graham Capital Management L.P.'s holdings in Amcor were worth $1,014,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Amcor by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock worth $660,627,000 after purchasing an additional 9,119,308 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Amcor in the 1st quarter worth approximately $37,522,000. Charles Schwab Investment Management Inc. raised its position in shares of Amcor by 8.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock worth $483,367,000 after buying an additional 3,778,714 shares during the period. Point72 Asset Management L.P. acquired a new position in Amcor in the fourth quarter worth about $31,485,000. Finally, Invesco Ltd. raised its holdings in shares of Amcor by 9.5% during the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after buying an additional 2,889,166 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on AMCR. 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 price objective on the stock. Robert W. Baird decreased their price objective on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their price target on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Finally, Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.42.

Amcor Stock Performance

Shares of Amcor stock traded down $0.10 during trading on Monday, reaching $8.21. The company's stock had a trading volume of 12,873,784 shares, compared to its average volume of 28,701,379. The firm has a market cap of $11.86 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.07 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. Amcor PLC has a one year low of $8.16 and a one year high of $11.48. The business's fifty day moving average price is $9.23 and its 200-day moving average price is $9.35.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 19.43% and a net margin of 3.40%.The company's revenue was up 43.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities research analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

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

Insider Activity

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $85,500. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

About Amcor

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.