Campbell & CO Investment Adviser LLC Purchases 54,962 Shares of Amcor PLC $AMCR

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Amcor PLC by 35.5%, acquiring an additional 54,962 shares, bringing its total holdings to 209,789 shares valued at approximately $2,035,000.
• Amcor announced a quarterly dividend of $0.1275 per share, resulting in an annualized dividend yield of 5.9%, despite a high dividend payout ratio of 141.67%.
• Several analysts have issued price targets for Amcor, with a consensus target price of $11.42 and a rating of "Moderate Buy", reflecting a mix of bullish and cautious sentiments regarding the stock's potential.

Campbell & CO Investment Adviser LLC boosted its stake in Amcor PLC (NYSE:AMCR - Free Report) by 35.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,789 shares of the company's stock after purchasing an additional 54,962 shares during the quarter. Campbell & CO Investment Adviser LLC's holdings in Amcor were worth $2,035,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. SVB Wealth LLC raised its stake in Amcor by 225.0% in the first quarter. SVB Wealth LLC now owns 158,930 shares of the company's stock valued at $1,542,000 after purchasing an additional 110,026 shares in the last quarter. APG Asset Management N.V. raised its stake in Amcor by 103.0% in the first quarter. APG Asset Management N.V. now owns 2,273,370 shares of the company's stock valued at $20,414,000 after purchasing an additional 1,153,500 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Amcor by 9.4% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 18,675 shares of the company's stock valued at $181,000 after purchasing an additional 1,607 shares in the last quarter. Groupe la Francaise bought a new position in Amcor during the first quarter valued at approximately $65,000. Finally, Allstate Corp raised its stake in shares of Amcor by 73.4% during the first quarter. Allstate Corp now owns 76,115 shares of the company's stock worth $738,000 after acquiring an additional 32,220 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the transaction, the director owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.60% of the company's stock.

Amcor Trading Up 1.2%

Shares of Amcor stock traded up $0.10 on Friday, hitting $8.65. The stock had a trading volume of 15,932,277 shares, compared to its average volume of 28,185,606. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. Amcor PLC has a one year low of $8.37 and a one year high of $11.48. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 1.13 and a beta of 0.74. The stock's 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $9.42.

Amcor (NYSE:AMCR - Get Free Report) last issued its 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). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The firm's revenue for the quarter was up 43.8% on a year-over-year basis. 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 year.

Amcor Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, September 5th. Amcor's payout ratio is presently 141.67%.

Wall Street Analysts Forecast Growth

Several research analysts have 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 research note on Friday, July 11th. Robert W. Baird decreased their price target on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Wells Fargo & Company lifted their price target 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. Jefferies Financial Group assumed coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price target on the stock. Finally, UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $11.42.

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.