Brandywine Global Investment Management LLC Has $17.75 Million Stock Holdings in Amcor PLC $AMCR

Key Points

• Brandywine Global Investment Management has increased its stake in Amcor PLC by 42.3%, acquiring an additional 543,492 shares to hold a total of 1,829,580 shares, valued at approximately $17.7 million.
• Amcor recently declared a quarterly dividend of $0.1275 per share, reflecting a 5.8% yield, with a payout ratio of 91.07%.
• Analysts have a consensus rating of "Moderate Buy" for Amcor, with a price target averaging $11.42, down from previous estimates after reports of lower-than-expected earnings.

Brandywine Global Investment Management LLC raised its stake in Amcor PLC (NYSE:AMCR - Free Report) by 42.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,829,580 shares of the company's stock after purchasing an additional 543,492 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.13% of Amcor worth $17,747,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of AMCR. Raymond James Financial Inc. bought a new position in Amcor in the fourth quarter valued at approximately $23,810,000. Rockefeller Capital Management L.P. bought a new position in Amcor in the fourth quarter valued at approximately $4,426,000. Townsquare Capital LLC grew its stake in Amcor by 25.0% in the fourth quarter. Townsquare Capital LLC now owns 61,377 shares of the company's stock valued at $578,000 after purchasing an additional 12,272 shares in the last quarter. Mariner LLC grew its stake in Amcor by 11.3% in the fourth quarter. Mariner LLC now owns 443,804 shares of the company's stock valued at $4,176,000 after purchasing an additional 45,203 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in Amcor in the fourth quarter valued at approximately $205,000. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AMCR shares. Truist Financial set a $11.00 price target on Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Robert W. Baird reduced their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Jefferies Financial Group began coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on Amcor from $10.00 to $11.00 and gave the stock 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 issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $11.42.

Amcor Stock Performance

AMCR traded up $0.0650 during trading on Thursday, hitting $8.6350. The stock had a trading volume of 11,643,661 shares, compared to its average volume of 29,187,395. The company has a 50 day moving average price of $9.38 and a 200-day moving average price of $9.49. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.11 and a beta of 0.74. Amcor PLC has a one year low of $8.37 and a one year 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 0.37.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business's revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter last 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, research analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be paid a $0.1275 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 5.9%. Amcor's payout ratio is 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.