Cwm LLC Buys 205,950 Shares of Amcor PLC $AMCR

Key Points

• Cwm LLC significantly increased its stake in Amcor PLC by 554.0%, acquiring an additional 205,950 shares for a total of 243,126 shares valued at approximately $2.23 million.
• Amcor reported a quarterly EPS of $0.20, falling short of the estimated $0.21, while its revenue of $5.08 billion also missed consensus expectations.
• The company announced a quarterly dividend of $0.1275, resulting in an annual yield of 6.3%, despite having a high dividend payout ratio of 141.67%.

Cwm LLC raised its stake in Amcor PLC (NYSE:AMCR - Free Report) by 554.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,126 shares of the company's stock after purchasing an additional 205,950 shares during the period. Cwm LLC's holdings in Amcor were worth $2,234,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock valued at $28,000 after purchasing an additional 2,704 shares during the period. Adirondack Trust Co. bought a new stake in Amcor in the 2nd quarter valued at $29,000. HM Payson & Co. bought a new stake in Amcor in the 1st quarter valued at $30,000. Brentview Investment Management LLC bought a new position in shares of Amcor during the 1st quarter worth about $31,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Amcor during the 2nd quarter worth about $33,000. 45.14% of the stock is owned by institutional investors.

Amcor Stock Performance

Shares of AMCR stock opened at $8.14 on Friday. Amcor PLC has a 12-month low of $7.81 and a 12-month high of $11.33. The company has a market capitalization of $18.77 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.16 and a beta of 0.73. The firm has a 50-day moving average price of $8.38 and a 200 day moving average price of $8.99. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm 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 business earned $0.21 earnings per share. The company's revenue for the quarter was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Research analysts forecast that Amcor PLC will post 0.74 earnings per share 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 given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, September 5th. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Analyst Upgrades and Downgrades

AMCR has been the subject of a number of analyst reports. Stifel Nicolaus raised shares of Amcor from a "hold" rating to a "buy" rating and set a $10.20 price objective for the company 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. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a report on Friday, September 19th. They set an "overweight" rating and a $10.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Amcor from $11.00 to $9.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $10.84.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett acquired 10,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the transaction, the director owned 10,000 shares of the company's stock, valued at $85,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.32% 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.

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