Amcor PLC $AMCR Stock Holdings Lifted by Mirae Asset Global Investments Co. Ltd.

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its holdings in Amcor PLC by 71.4% during the second quarter, bringing its total shares to 2,446,429, valued at $22.48 million.
• Amcor's recent quarterly earnings reported an EPS of $0.20, missing the consensus estimate of $0.21, despite achieving a 43.8% year-over-year revenue growth.
• The company announced a quarterly dividend of $0.1275 per share, yielding approximately 6.2% annually, with a payout ratio of 141.67%.

Mirae Asset Global Investments Co. Ltd. lifted its position in Amcor PLC (NYSE:AMCR - Free Report) by 71.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,446,429 shares of the company's stock after acquiring an additional 1,019,306 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.17% of Amcor worth $22,483,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Amcor by 5.3% in the second quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company's stock worth $190,000 after acquiring an additional 1,035 shares in the last quarter. UMB Bank n.a. grew its position in Amcor by 20.0% during the first quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock valued at $62,000 after purchasing an additional 1,066 shares in the last quarter. AlphaStar Capital Management LLC grew its position in Amcor by 2.4% during the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company's stock valued at $490,000 after purchasing an additional 1,185 shares in the last quarter. Koshinski Asset Management Inc. grew its position in Amcor by 10.1% during the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company's stock valued at $132,000 after purchasing an additional 1,252 shares in the last quarter. Finally, Private Trust Co. NA grew its position in Amcor by 5.1% during the first quarter. Private Trust Co. NA now owns 27,301 shares of the company's stock valued at $265,000 after purchasing an additional 1,315 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Performance

AMCR stock opened at $8.17 on Friday. 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 company has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.08 and a beta of 0.73. Amcor PLC has a 12 month low of $7.90 and a 12 month high of $11.46. The firm has a 50 day moving average of $8.67 and a two-hundred day moving average of $9.11.

Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $5.08 billion during 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 business's revenue was up 43.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's payout ratio is currently 141.67%.

Insider Buying and Selling

In other 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, for a total transaction of $85,500.00. Following the completion of the purchase, the director owned 10,000 shares of the company's stock, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on AMCR shares. The Goldman Sachs Group started coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a "buy" rating on the stock. JPMorgan Chase & Co. started coverage on shares of Amcor in a research report on Friday, September 19th. They set an "overweight" rating and a $10.00 price objective on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Amcor in a research report on Saturday, September 27th. Royal Bank Of Canada started coverage on shares of Amcor in a research report on Monday, September 22nd. They set a "sector perform" rating on the stock. Finally, Jefferies Financial Group started coverage on shares of Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, Amcor has a consensus rating of "Moderate Buy" and an average price target of $11.21.

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.

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