Foster & Motley Inc. Makes New $1.40 Million Investment in Amcor PLC $AMCR

Key Points

• Foster & Motley Inc. has invested approximately $1.40 million in Amcor PLC by acquiring 151,944 shares during the 2nd quarter.
• Amcor recently declared a quarterly dividend of $0.1275 per share, resulting in an annualized yield of 6.3% despite a payout ratio of 141.67%.
• Analysts have shown positive sentiment towards Amcor, with reports indicating a consensus rating of "Moderate Buy" and an average price target of $10.84.

Foster & Motley Inc. bought a new position in Amcor PLC (NYSE:AMCR - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 151,944 shares of the company's stock, valued at approximately $1,396,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMCR. Vanguard Group Inc. grew its stake in Amcor by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock worth $660,627,000 after acquiring an additional 9,119,308 shares during the period. Allspring Global Investments Holdings LLC grew its stake in Amcor by 4,928.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,732,524 shares of the company's stock worth $44,817,000 after acquiring an additional 4,638,412 shares during the period. Nuveen LLC purchased a new stake in Amcor in the 1st quarter worth approximately $37,522,000. Charles Schwab Investment Management Inc. grew its stake in Amcor by 8.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock worth $483,367,000 after acquiring an additional 3,778,714 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Amcor by 9.5% during the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after buying an additional 2,889,166 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Stephen E. Sterrett acquired 10,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the acquisition, the director directly owned 10,000 shares of the company's stock, valued at $85,500. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is owned by corporate insiders.

Amcor Price Performance

Shares of Amcor stock opened at $8.14 on Friday. The company has a fifty day moving average price of $8.38 and a 200 day moving average price of $8.99. 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 PLC has a twelve month low of $7.81 and a twelve month high of $11.33. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73.

Amcor (NYSE:AMCR - Get Free Report) last announced 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 analysts' expectations of $5.18 billion. During the same period last year, the company posted $0.21 earnings per share. 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. Equities research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. 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 research note on Friday, October 10th. The Goldman Sachs Group assumed coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a "buy" rating for the company. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research note on Friday, September 19th. They set an "overweight" rating and a $10.00 price objective for the company. Jefferies Financial Group assumed 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. Finally, Robert W. Baird lowered their price objective on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $10.84.

Amcor 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.

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