Amundi Decreases Stake in Amcor PLC $AMCR

Amundi decreased its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,789,920 shares of the company's stock after selling 46,588 shares during the period. Amundi owned approximately 0.19% of Amcor worth $26,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased 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 acquiring an additional 1,066 shares during the last quarter. AlphaStar Capital Management LLC increased 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 acquiring an additional 1,185 shares during the last quarter. Koshinski Asset Management Inc. increased 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 acquiring an additional 1,252 shares during the last quarter. Virtue Capital Management LLC grew its holdings in shares of Amcor by 2.8% in the fourth quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock worth $432,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in shares of Amcor by 5.1% in the first quarter. Private Trust Co. NA now owns 27,301 shares of the company's stock worth $265,000 after purchasing an additional 1,315 shares during the last quarter. Institutional investors own 45.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Truist Financial set a $11.00 price target on shares of Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. Jefferies Financial Group initiated coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price objective for the company. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Wells Fargo & Company upped their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, The Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday. They issued a "buy" rating for the company. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $11.42.

Insider Activity at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the firm'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 completion of the transaction, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Amcor Stock Down 0.7%

Shares of AMCR stock traded down $0.06 during mid-day trading on Friday, hitting $8.27. 12,939,915 shares of the stock traded hands, compared to its average volume of 23,443,192. The stock has a market cap of $11.95 billion, a P/E ratio of 22.97, a P/E/G ratio of 1.07 and a beta of 0.72. The stock's fifty day moving average is $9.11 and its two-hundred day moving average is $9.29. Amcor PLC has a 52-week low of $8.16 and a 52-week high of $11.48. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly 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 firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business's quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. 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 company also recently declared 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 dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 5th. Amcor's dividend payout ratio is presently 141.67%.

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.