Central Valley Advisors LLC Invests $1.38 Million in Amcor PLC $AMCR

Key Points

• Central Valley Advisors LLC has acquired a new stake in Amcor PLC, purchasing 149,786 shares valued at approximately $1,377,000 in the 2nd quarter.
• Amcor reported earnings per share (EPS) of $0.20 for the last quarter, missing estimates by $0.01, and set its FY 2026 guidance in the range of 0.800-0.830 EPS.
• The company has announced a quarterly dividend of $0.1275 per share, which translates to an annual dividend yield of 6.1%, with the ex-dividend date set for September 5th.

Central Valley Advisors LLC bought a new stake in Amcor PLC (NYSE:AMCR - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 149,786 shares of the company's stock, valued at approximately $1,377,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CX Institutional bought a new position in Amcor in the 1st quarter valued at about $111,000. SG Americas Securities LLC boosted its position in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock valued at $1,455,000 after purchasing an additional 95,314 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in shares of Amcor during the 1st quarter valued at about $121,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Amcor by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company's stock valued at $12,188,000 after purchasing an additional 175,731 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Amcor by 5.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock valued at $796,000 after purchasing an additional 4,591 shares in the last quarter. Institutional investors own 45.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Truist Financial set a $11.00 price objective on shares of Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group assumed coverage on shares of Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a "buy" rating for the company. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research report on Friday. They set an "overweight" rating and a $10.00 price objective for the company. Finally, UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $11.21.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares of the company's stock, valued at $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Amcor Stock Performance

Shares of Amcor stock traded down $0.04 during midday trading on Friday, hitting $8.27. The company had a trading volume of 47,929,105 shares, compared to its average volume of 28,475,211. The business's 50 day simple moving average is $8.99 and its two-hundred day simple moving average is $9.25. The stock has a market cap of $11.95 billion, a PE ratio of 22.97, a P/E/G ratio of 1.07 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. Amcor PLC has a 1-year low of $8.16 and a 1-year high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The firm's 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, equities analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, September 5th. Amcor's payout ratio is currently 141.67%.

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.