Caption Management LLC Has $502,000 Holdings in Amcor PLC $AMCR

Key Points

• Caption Management LLC significantly reduced its stake in Amcor PLC by 76.4%, owning 51,756 shares worth approximately $502,000 after selling 167,110 shares in the first quarter.
• Amcor's recent earnings report indicated earnings per share of $0.20, missing analyst expectations, with revenue of $5.08 billion compared to an expected $5.18 billion, yet up 43.8% year-over-year.
• The company declared a quarterly dividend of $0.1275 per share, yielding about 5.9% annually, with a dividend payout ratio currently at 141.67%.

Caption Management LLC lowered its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 76.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,756 shares of the company's stock after selling 167,110 shares during the quarter. Caption Management LLC's holdings in Amcor were worth $502,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in AMCR. Vanguard Group Inc. raised its position in shares of Amcor by 15.5% during the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock worth $660,627,000 after purchasing an additional 9,119,308 shares during the period. Nuveen LLC acquired a new position in Amcor during the first quarter valued at $37,522,000. Charles Schwab Investment Management Inc. raised its position in Amcor by 8.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock valued at $483,367,000 after buying an additional 3,778,714 shares during the period. Point72 Asset Management L.P. purchased a new position in Amcor in the fourth quarter valued at about $31,485,000. Finally, Invesco Ltd. grew its stake in Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after purchasing an additional 2,889,166 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Stock Performance

NYSE:AMCR traded down $0.07 during mid-day trading on Friday, hitting $8.29. 20,276,021 shares of the company's stock traded hands, compared to its average volume of 26,789,234. The firm has a 50 day moving average of $9.23 and a two-hundred day moving average of $9.36. Amcor PLC has a 12 month low of $8.23 and a 12 month high of $11.48. The firm has a market capitalization of $11.97 billion, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 1.07 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the company earned $0.21 EPS. Amcor's revenue for the quarter was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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 issued a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.2%. Amcor's dividend payout ratio is 141.67%.

Wall Street Analyst Weigh In

A number of research analysts have commented on AMCR shares. Robert W. Baird lowered their target price on 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 boosted their target price on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Truist Financial set a $11.00 price target on Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $11.42.

Insider Buying and Selling

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by company insiders.

Amcor Company 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.