Dynamic Technology Lab Private Ltd Purchases Shares of 38,051 Amcor PLC $AMCR

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $369,000 in Amcor PLC by purchasing 38,051 shares, reflecting growing institutional interest in the company.
• Amcor recently set its FY 2026 guidance at 0.800-0.830 EPS, while analysts maintain an average "Moderate Buy" rating with a consensus price target of $11.42.
• The company declared a quarterly dividend of $0.1275 per share, with a dividend yield of 6.1%, indicating a solid return for investors despite a high payout ratio.

Dynamic Technology Lab Private Ltd bought a new position in Amcor PLC (NYSE:AMCR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 38,051 shares of the company's stock, valued at approximately $369,000.

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

Amcor Stock Performance

Shares of AMCR traded down $0.01 on Monday, reaching $8.27. The company's stock had a trading volume of 24,273,320 shares, compared to its average volume of 28,487,111. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $11.95 billion, a P/E ratio of 22.97, a PEG ratio of 1.07 and a beta of 0.72. The stock's 50 day simple moving average is $9.11 and its two-hundred day simple moving average is $9.28. Amcor PLC has a 12-month low of $8.16 and a 12-month high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business's quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 EPS. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued 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 dividend yield of 6.2%. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMCR shares. Wells Fargo & Company raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Jefferies Financial Group started coverage on shares of Amcor in a research note 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 shares of Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. The Goldman Sachs Group started coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a "buy" rating for the company. Finally, UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Amcor presently has an average rating of "Moderate Buy" and an average price target of $11.42.

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.