Generali Asset Management SPA SGR Invests $1.86 Million in Amcor PLC $AMCR

Generali Asset Management SPA SGR acquired a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 202,623 shares of the company's stock, valued at approximately $1,862,000.

Several other large investors have also added to or reduced their stakes in the business. Curated Wealth Partners LLC acquired a new stake in Amcor during the second quarter worth approximately $3,970,000. Bayforest Capital Ltd grew its stake in Amcor by 39.3% during the second quarter. Bayforest Capital Ltd now owns 50,947 shares of the company's stock worth $468,000 after purchasing an additional 14,376 shares during the period. Sagespring Wealth Partners LLC acquired a new stake in Amcor during the second quarter worth approximately $147,000. TD Asset Management Inc grew its stake in Amcor by 14.0% during the second quarter. TD Asset Management Inc now owns 1,263,117 shares of the company's stock worth $11,608,000 after purchasing an additional 155,391 shares during the period. Finally, Wilmington Savings Fund Society FSB grew its stake in Amcor by 205.5% during the second quarter. Wilmington Savings Fund Society FSB now owns 66,689 shares of the company's stock worth $613,000 after purchasing an additional 44,860 shares during the period. Institutional investors and hedge funds own 45.14% of the company's stock.

Wall Street Analyst Weigh In

AMCR has been the subject of several recent analyst reports. Truist Financial set a $11.00 target price on Amcor and gave the stock a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company decreased their target price on Amcor from $11.00 to $9.00 and set an "overweight" rating for the company in a research note on Wednesday. Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research note on Friday, August 15th. Royal Bank Of Canada began coverage on Amcor in a research note on Monday, September 22nd. They set a "sector perform" rating for the company. Finally, Stifel Nicolaus raised 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. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $10.84.

Amcor Trading Up 1.2%

Shares of Amcor stock opened at $8.15 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.34. The stock has a 50 day moving average price of $8.41 and a two-hundred day moving average price of $9.01. The stock has a market capitalization of $18.79 billion, a PE ratio of 22.64, a price-to-earnings-growth ratio of 1.15 and a beta of 0.73.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the business posted $0.21 EPS. The company's revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were given a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 6.3%. Amcor's payout ratio is presently 141.67%.

Insider Activity

In related news, Director Stephen E. Sterrett bought 10,000 shares of the business'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 transaction, the director directly owned 10,000 shares in the company, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by insiders.

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.

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