Amcor PLC $AMCR Stock Holdings Raised by Capital Fund Management S.A.

Key Points

• Capital Fund Management S.A. increased its stake in Amcor PLC by 5,564.6% in Q1, acquiring 1,465,838 additional shares to own a total of 1,492,180 shares valued at approximately $14.47 million.
• Amcor reported a quarterly earnings per share of $0.20, which missed the consensus estimate of $0.21, and their revenue of $5.08 billion fell short of expectations.
• The company announced a quarterly dividend of $0.1275 per share, leading to an annualized dividend yield of 6.0%, with a payout ratio of 141.67%.

Capital Fund Management S.A. raised its stake in Amcor PLC (NYSE:AMCR - Free Report) by 5,564.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,492,180 shares of the company's stock after purchasing an additional 1,465,838 shares during the quarter. Capital Fund Management S.A. owned about 0.10% of Amcor worth $14,474,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Credit Agricole S A boosted its holdings in shares of Amcor by 8.5% in the 1st quarter. Credit Agricole S A now owns 388,122 shares of the company's stock valued at $3,765,000 after purchasing an additional 30,520 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Amcor by 142.6% in the 1st quarter. Quantbot Technologies LP now owns 2,265,823 shares of the company's stock valued at $21,978,000 after acquiring an additional 1,331,984 shares during the period. Wellington Management Group LLP raised its stake in shares of Amcor by 9.8% in the 1st quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company's stock valued at $297,860,000 after acquiring an additional 2,735,320 shares during the period. Korea Investment CORP raised its stake in shares of Amcor by 18.5% in the 1st quarter. Korea Investment CORP now owns 1,267,261 shares of the company's stock valued at $12,292,000 after acquiring an additional 197,586 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Amcor by 0.4% in the 1st quarter. Northern Trust Corp now owns 12,384,781 shares of the company's stock valued at $120,132,000 after acquiring an additional 49,655 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AMCR shares. 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 raised their target price on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Robert W. Baird cut their target price 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. Truist Financial set a $11.00 target price on shares of Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. Finally, 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 target price on the stock. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $11.42.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the transaction, the director owned 10,000 shares of the company's stock, valued at approximately $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company's stock.

Amcor Stock Up 0.8%

Amcor stock traded up $0.0650 during midday trading on Friday, hitting $8.7150. 20,394,453 shares of the stock were exchanged, compared to its average volume of 29,135,446. Amcor PLC has a 1 year low of $8.37 and a 1 year high of $11.48. The firm has a market cap of $12.60 billion, a P/E ratio of 24.21, a P/E/G ratio of 1.14 and a beta of 0.74. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.37. The company has a 50 day moving average price of $9.36 and a two-hundred day moving average price of $9.47.

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). 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 analysts' expectations of $5.18 billion. During the same period last year, the firm earned $0.21 EPS. The business's quarterly revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, sell-side analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be given a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 5.9%. Amcor's 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.