Amcor PLC $AMCR Shares Bought by Guggenheim Capital LLC

Key Points

• Guggenheim Capital LLC has increased its holdings in Amcor PLC by 25.3%, purchasing an additional 191,603 shares, bringing its total ownership to approximately 950,273 shares valued at $9.2 million.
• Analysts have given Amcor a consensus price target of $11.42, with seven analysts rating the stock as a Buy and two as Hold, indicating positive sentiment in the market.
• Amcor recently announced a quarterly dividend of $0.1275 per share, equating to a 6.0% annual yield, highlighting its commitment to returning value to shareholders.

Guggenheim Capital LLC boosted its stake in Amcor PLC (NYSE:AMCR - Free Report) by 25.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 950,273 shares of the company's stock after acquiring an additional 191,603 shares during the period. Guggenheim Capital LLC owned about 0.07% of Amcor worth $9,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMCR. Quarry LP lifted its position in Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after acquiring an additional 3,551 shares during the last quarter. Northern Trust Corp lifted its position in Amcor by 17.1% in the fourth quarter. Northern Trust Corp now owns 12,335,126 shares of the company's stock valued at $116,074,000 after acquiring an additional 1,797,118 shares during the last quarter. Utah Retirement Systems lifted its position in Amcor by 1.1% in the fourth quarter. Utah Retirement Systems now owns 120,076 shares of the company's stock valued at $1,130,000 after acquiring an additional 1,300 shares during the last quarter. Appian Way Asset Management LP purchased a new stake in Amcor in the fourth quarter valued at $16,995,000. Finally, DoubleLine ETF Adviser LP purchased a new stake in Amcor in the fourth quarter valued at $1,506,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Performance

Shares of Amcor stock traded up $0.10 on Friday, reaching $8.65. 15,932,277 shares of the stock were exchanged, compared to its average volume of 27,843,796. Amcor PLC has a 1-year low of $8.37 and a 1-year 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. The business has a fifty day moving average price of $9.31 and a two-hundred day moving average price of $9.41. The firm has a market capitalization of $12.50 billion, a PE ratio of 24.03, a PEG ratio of 1.13 and a beta of 0.72.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results 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). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the firm earned $0.21 earnings per share. The company's revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, September 5th. Amcor's payout ratio is 141.67%.

Insider Activity

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at $85,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group raised shares of Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Wells Fargo & Company upped their target price on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Robert W. Baird reduced their target price on shares of 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 assumed coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price for the company. Finally, Truist Financial set a $11.00 target price on shares of Amcor and gave the company a "buy" rating in a report on Friday, July 11th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $11.42.

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.