ASR Vermogensbeheer N.V. Purchases 37,170 Shares of Amcor PLC $AMCR

Key Points

• ASR Vermogensbeheer N.V. increased its Amcor PLC shares by 37.1%, acquiring an additional 37,170 shares to own a total of 137,402 shares valued at approximately $1.26 million by the end of the second quarter.
• Amcor's recent earnings report showed a missed EPS estimate of $0.20, compared to the consensus estimate of $0.21, alongside revenues of $5.08 billion which were below analysts' expectations.
• Amcor announced a quarterly dividend payment of $0.1275 per share, representing a notable dividend payout ratio of 141.67% and an annual yield of 6.2%.

ASR Vermogensbeheer N.V. boosted its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 37.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,402 shares of the company's stock after acquiring an additional 37,170 shares during the period. ASR Vermogensbeheer N.V.'s holdings in Amcor were worth $1,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Amcor by 53.2% during the first quarter. Parallel Advisors LLC now owns 6,114 shares of the company's stock valued at $59,000 after purchasing an additional 2,122 shares in the last quarter. NBC Securities Inc. boosted its holdings in Amcor by 105,725.0% during the first quarter. NBC Securities Inc. now owns 8,466 shares of the company's stock valued at $82,000 after purchasing an additional 8,458 shares in the last quarter. Merit Financial Group LLC boosted its holdings in Amcor by 20.0% during the first quarter. Merit Financial Group LLC now owns 16,144 shares of the company's stock valued at $157,000 after purchasing an additional 2,686 shares in the last quarter. UMB Bank n.a. boosted its holdings 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. Finally, Park Avenue Securities LLC boosted its holdings in Amcor by 15.4% during the first quarter. Park Avenue Securities LLC now owns 22,594 shares of the company's stock valued at $219,000 after purchasing an additional 3,023 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.32% of the company's stock.

Amcor Stock Down 0.8%

Shares of AMCR opened at $8.17 on Friday. The business's 50 day simple moving average is $8.67 and its 200-day simple moving average is $9.10. Amcor PLC has a one year low of $7.90 and a one year high of $11.46. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The company has a market capitalization of $11.80 billion, a P/E ratio of 22.68, a PEG ratio of 1.07 and a beta of 0.73.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) 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 firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm'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 predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

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

Analyst Ratings Changes

A number of research firms have weighed in on AMCR. Wells Fargo & Company lifted their price objective on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Jefferies Financial Group assumed coverage on Amcor in a report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective on the stock. The Goldman Sachs Group assumed coverage on Amcor in a report on Wednesday, September 10th. They issued a "buy" rating on the stock. UBS Group raised Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Amcor in a report on Saturday, September 27th. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price 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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