Credit Agricole S A Raises Position in Amcor PLC $AMCR

Key Points

• Credit Agricole S A increased its holdings in Amcor PLC by 8.5% during the first quarter, owning 388,122 shares worth approximately $3.77 million as of its latest SEC filing.
• The company reported revenue of $5.08 billion for the quarter but missed analysts' EPS estimates at $0.20, below the expected $0.21.
• Amcor's recent dividend announcement includes a quarterly payout of $0.1275 per share, leading to an annualized dividend yield of 5.9%.

Credit Agricole S A boosted its stake in Amcor PLC (NYSE:AMCR - Free Report) by 8.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388,122 shares of the company's stock after acquiring an additional 30,520 shares during the period. Credit Agricole S A's holdings in Amcor were worth $3,765,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Amcor by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock valued at $660,627,000 after acquiring an additional 9,119,308 shares during the period. Charles Schwab Investment Management Inc. increased its position in Amcor by 8.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock worth $483,367,000 after purchasing an additional 3,778,714 shares during the period. Invesco Ltd. increased its position in Amcor by 9.5% during the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock worth $323,149,000 after purchasing an additional 2,889,166 shares during the period. Wellington Management Group LLP increased its position in Amcor by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company's stock worth $297,860,000 after purchasing an additional 2,735,320 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Amcor by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company's stock worth $186,142,000 after purchasing an additional 490,827 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of Amcor stock in a transaction that occurred on 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 purchase, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.60% of the company's stock.

Amcor Price Performance

Shares of NYSE:AMCR traded down $0.08 during trading on Tuesday, hitting $8.45. 23,969,207 shares of the stock were exchanged, compared to its average volume of 29,155,279. The company has a fifty day moving average price of $9.35 and a two-hundred day moving average price of $9.46. The company has a market cap of $12.21 billion, a PE ratio of 23.46, a P/E/G ratio of 1.14 and a beta of 0.74. 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 PLC has a 12-month low of $8.37 and a 12-month high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last announced 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). 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. Amcor'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. On average, analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be paid a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.0%. Amcor's dividend payout ratio is presently 141.67%.

Analyst Upgrades and Downgrades

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

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.