Curated Wealth Partners LLC Makes New Investment in Amcor PLC $AMCR

Key Points

• Curated Wealth Partners LLC has acquired 431,990 shares of Amcor PLC, valued at approximately $3.97 million, making it the fund's 15th largest position.
• Amcor recently announced a dividend of $0.1275 per share, resulting in an annual yield of 6.3%, though the company's payout ratio is currently at 141.67%.
• Despite reporting earnings per share (EPS) of $0.20 for the last quarter, which missed analyst estimates, the company's revenue has increased by 43.8% year-over-year.

Curated Wealth Partners LLC purchased a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 431,990 shares of the company's stock, valued at approximately $3,970,000. Amcor makes up about 0.5% of Curated Wealth Partners LLC's holdings, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMCR. AdvisorNet Financial Inc raised its position in shares of Amcor by 839.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock worth $28,000 after buying an additional 2,704 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after buying an additional 2,996 shares in the last quarter. Adirondack Trust Co. acquired a new position in shares of Amcor in the 2nd quarter worth approximately $29,000. HM Payson & Co. acquired a new position in shares of Amcor in the 1st quarter worth approximately $30,000. Finally, Brentview Investment Management LLC acquired a new position in shares of Amcor in the 1st quarter worth approximately $31,000. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Up 1.6%

Shares of NYSE:AMCR opened at $8.11 on Wednesday. Amcor PLC has a 12 month low of $7.81 and a 12 month high of $11.46. The company's 50-day moving average price is $8.46 and its two-hundred day moving average price is $9.02. 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 firm has a market cap of $18.68 billion, a P/E ratio of 22.51, a P/E/G ratio of 1.14 and a beta of 0.73.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.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 prior year, the company earned $0.21 EPS. 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, research analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. Amcor's dividend payout ratio is currently 141.67%.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. Stifel Nicolaus raised shares of Amcor from a "hold" rating to a "buy" rating and set a $10.20 price target on the stock in a report on Friday, October 10th. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Jefferies Financial Group assumed coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price target on the stock. Finally, The Goldman Sachs Group assumed coverage on shares of Amcor in a report on Wednesday, September 10th. They issued a "buy" rating on the stock. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Amcor presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.09.

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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