Dimensional Fund Advisors LP Purchases 490,827 Shares of Amcor PLC $AMCR

Key Points

• Dimensional Fund Advisors LP increased its stake in Amcor PLC by 2.6%, owning approximately 19.19 million shares valued at $186.14 million at the end of the first quarter.
• Amcor recently reported earnings per share (EPS) of $0.20 for the quarter, missing estimates, while its revenue was $5.08 billion, lower than the forecasted $5.18 billion.
• The company declared a quarterly dividend of $0.1275 per share, representing an annualized yield of 6.0% and indicating a high payout ratio of 141.67%.

Dimensional Fund Advisors LP grew its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 2.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 19,191,544 shares of the company's stock after purchasing an additional 490,827 shares during the period. Dimensional Fund Advisors LP owned about 1.33% of Amcor worth $186,142,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its position in Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after buying an additional 2,996 shares during the last quarter. HM Payson & Co. bought a new stake in shares of Amcor in the 1st quarter worth $30,000. Brentview Investment Management LLC bought a new stake in shares of Amcor in the 1st quarter worth $31,000. CVA Family Office LLC boosted its holdings in Amcor by 234.1% during the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock worth $32,000 after purchasing an additional 2,280 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Amcor in the 1st quarter worth about $36,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction 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 acquisition, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company lifted their target price on shares of Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. 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. Robert W. Baird dropped their target price on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Finally, Jefferies Financial Group initiated 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. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Amcor presently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Amcor Price Performance

Shares of AMCR stock traded down $0.19 during trading hours on Monday, reaching $8.52. The stock had a trading volume of 20,894,465 shares, compared to its average volume of 29,410,276. The stock's fifty day simple moving average is $9.35 and its 200 day simple moving average is $9.46. The firm has a market capitalization of $12.31 billion, a PE ratio of 23.67, a PEG ratio of 1.14 and a beta of 0.74. Amcor PLC has a 12 month low of $8.37 and a 12 month high of $11.48. 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 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm's revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities research analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

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

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.