Commerzbank Aktiengesellschaft FI Invests $417,000 in Amcor PLC $AMCR

Key Points

• Commerzbank Aktiengesellschaft FI invested approximately $417,000 in Amcor PLC, acquiring 45,308 shares during the second quarter.
• Insider Stephen E. Sterrett purchased 10,000 shares of Amcor for $85,500, increasing his ownership in the company.
• Amcor's stock has received multiple upgrades, with a consensus rating of "Moderate Buy" and an average price target of $11.09 from equities research analysts.

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 45,308 shares of the company's stock, valued at approximately $417,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in shares of Amcor by 171.9% during the 2nd quarter. IFP Advisors Inc now owns 6,786 shares of the company's stock worth $62,000 after purchasing an additional 4,290 shares in the last quarter. Callan Family Office LLC purchased a new stake in shares of Amcor during the 2nd quarter worth about $438,000. US Bancorp DE raised its stake in shares of Amcor by 6.0% during the 2nd quarter. US Bancorp DE now owns 814,112 shares of the company's stock worth $7,482,000 after purchasing an additional 46,340 shares in the last quarter. Tectonic Advisors LLC bought a new position in shares of Amcor in the 2nd quarter valued at approximately $5,129,000. Finally, Maryland State Retirement & Pension System raised its stake in shares of Amcor by 64.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 110,602 shares of the company's stock valued at $1,016,000 after acquiring an additional 43,378 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett acquired 10,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director owned 10,000 shares of the company's stock, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMCR. Royal Bank Of Canada began coverage on Amcor in a research note on Monday, September 22nd. They issued a "sector perform" rating on the stock. Stifel Nicolaus raised Amcor from a "hold" rating to a "buy" rating and set a $10.20 price objective on the stock in a research note on Friday. Jefferies Financial Group began coverage on Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price objective on the stock. UBS Group raised Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company raised their price objective on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Amcor has a consensus rating of "Moderate Buy" and an average price target of $11.09.

Amcor Stock Performance

Shares of NYSE AMCR opened at $7.95 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The business's 50 day moving average is $8.52 and its two-hundred day moving average is $9.05. The company has a market cap of $18.32 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.04 and a beta of 0.73. Amcor PLC has a 12 month low of $7.81 and a 12 month high of $11.46.

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

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's dividend payout ratio (DPR) is presently 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.

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