Amcor PLC $AMCR Shares Bought by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Amcor PLC by 68.7%, acquiring an additional 228,131 shares worth approximately $5.1 million.
• Amcor's recent quarterly earnings report revealed an EPS of $0.20, slightly missing the estimated $0.21, but showing a year-over-year revenue increase of 43.8%.
• Following the announcement of a quarterly dividend of $0.1275 per share, Amcor has an annualized dividend yield of 6.1%, despite a payout ratio of 141.67%.

Czech National Bank increased its stake in Amcor PLC (NYSE:AMCR - Free Report) by 68.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,104 shares of the company's stock after acquiring an additional 228,131 shares during the period. Czech National Bank's holdings in Amcor were worth $5,147,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMCR. UMB Bank n.a. grew its position in shares of Amcor by 20.0% during the first quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock worth $62,000 after buying an additional 1,066 shares in the last quarter. AlphaStar Capital Management LLC lifted its stake in Amcor by 2.4% in the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company's stock worth $490,000 after acquiring an additional 1,185 shares during the last quarter. Koshinski Asset Management Inc. grew its holdings in Amcor by 10.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company's stock worth $132,000 after acquiring an additional 1,252 shares in the last quarter. Virtue Capital Management LLC increased its position in shares of Amcor by 2.8% in the 4th quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock valued at $432,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Amcor by 5.1% in the 1st quarter. Private Trust Co. NA now owns 27,301 shares of the company's stock valued at $265,000 after purchasing an additional 1,315 shares during the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director owned 10,000 shares of the company's stock, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.60% of the company's stock.

Amcor Stock Performance

Shares of Amcor stock traded up $0.01 during trading on Monday, reaching $8.27. The company's stock had a trading volume of 23,579,296 shares, compared to its average volume of 20,939,124. The company has a 50-day moving average price of $8.94 and a two-hundred day moving average price of $9.21. Amcor PLC has a fifty-two week low of $8.16 and a fifty-two week high of $11.48. The firm has a market cap of $11.95 billion, a PE ratio of 22.96, a P/E/G ratio of 1.06 and a beta of 0.72. 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 issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share 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 business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The firm'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. On average, analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, September 5th. Amcor's dividend payout ratio (DPR) is 141.67%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on AMCR shares. The Goldman Sachs Group initiated coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a "buy" rating for the company. Robert W. Baird decreased their price target on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a 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 price objective for the company. Truist Financial set a $11.00 price objective on Amcor and gave the company a "buy" rating in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. assumed coverage on Amcor in a research report on Friday. They set an "overweight" rating and a $10.00 target price on the stock. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.21.

Amcor Company 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.