CreativeOne Wealth LLC Boosts Stock Holdings in Amcor PLC $AMCR

Key Points

• CreativeOne Wealth LLC increased its holdings in Amcor PLC by 22.1%, acquiring an additional 30,522 shares, bringing its total to 168,712 shares valued at approximately $1.637 million.
• Amcor recently reported a Q2 EPS of $0.20, missing analysts' expectations, while its quarterly revenue was $5.08 billion, which is a 43.8% year-over-year increase.
• The company announced a quarterly dividend of $0.1275 per share, resulting in an annualized yield of 6.0%, with a dividend payout ratio of 141.67%.

CreativeOne Wealth LLC lifted its holdings in Amcor PLC (NYSE:AMCR - Free Report) by 22.1% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 168,712 shares of the company's stock after buying an additional 30,522 shares during the period. CreativeOne Wealth LLC's holdings in Amcor were worth $1,637,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMCR. Quarry LP grew its holdings in Amcor by 2,064.5% during the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after purchasing an additional 3,551 shares during the period. Northern Trust Corp increased its position in Amcor by 17.1% in the fourth quarter. Northern Trust Corp now owns 12,335,126 shares of the company's stock worth $116,074,000 after buying an additional 1,797,118 shares during the last quarter. Utah Retirement Systems increased its position in Amcor by 1.1% in the fourth quarter. Utah Retirement Systems now owns 120,076 shares of the company's stock worth $1,130,000 after buying an additional 1,300 shares during the last quarter. Appian Way Asset Management LP purchased a new stake in Amcor in the fourth quarter worth $16,995,000. Finally, DoubleLine ETF Adviser LP purchased a new stake in Amcor in the fourth quarter worth $1,506,000. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analysts Forecast Growth

AMCR has been the subject of a number of recent research reports. UBS Group raised Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Truist Financial set a $11.00 target price on shares of Amcor and gave the company a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company boosted their target price on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Jefferies Financial Group started coverage on shares of Amcor in a report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 target price on the stock. Finally, Robert W. Baird lowered their target price on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Amcor Price Performance

Shares of Amcor stock traded up $0.10 during trading on Friday, hitting $8.65. The stock had a trading volume of 15,932,277 shares, compared to its average volume of 27,843,796. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 1.13 and a beta of 0.72. Amcor PLC has a 12 month low of $8.37 and a 12 month high of $11.48. The business's 50-day moving average is $9.31 and its 200 day moving average is $9.41. 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 released its quarterly 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). The firm 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 company's revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, sell-side analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 5.9%. Amcor's dividend payout ratio is presently 141.67%.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

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.