Amcor PLC $AMCR Shares Sold by Gulf International Bank UK Ltd

Key Points

• Gulf International Bank UK Ltd reduced its stake in Amcor PLC by 28.6%, selling 32,830 shares and leaving it with 82,059 shares valued at approximately $795,000.
• Amcor reported quarterly earnings of $0.20 EPS, missing analyst estimates of $0.21 EPS, with revenue of $5.08 billion, below the expected $5.18 billion.
• The company announced a quarterly dividend of $0.1275 per share, yielding about 5.8%, with a payout ratio currently at 141.67%.

Gulf International Bank UK Ltd trimmed its position in Amcor PLC (NYSE:AMCR - Free Report) by 28.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,059 shares of the company's stock after selling 32,830 shares during the quarter. Gulf International Bank UK Ltd's holdings in Amcor were worth $795,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Amcor by 20.0% during the 1st quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock worth $62,000 after acquiring an additional 1,066 shares during the period. AlphaStar Capital Management LLC grew its holdings in shares of Amcor by 2.4% in the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company's stock valued at $490,000 after purchasing an additional 1,185 shares during the period. Koshinski Asset Management Inc. increased its position in Amcor by 10.1% during the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company's stock worth $132,000 after purchasing an additional 1,252 shares during the last quarter. Virtue Capital Management LLC increased its position in Amcor by 2.8% during the fourth quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock worth $432,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Utah Retirement Systems raised its stake in Amcor by 1.1% during the fourth quarter. Utah Retirement Systems now owns 120,076 shares of the company's stock worth $1,130,000 after purchasing an additional 1,300 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Trading Up 1.3%

NYSE:AMCR traded up $0.1150 during trading hours on Friday, reaching $8.7650. 6,380,158 shares of the stock were exchanged, compared to its average volume of 29,141,607. The company has a quick ratio of 0.37, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average of $9.37 and a two-hundred day moving average of $9.48. Amcor PLC has a twelve month low of $8.37 and a twelve month high of $11.48. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.12 and a beta of 0.74.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. During the same period in the previous year, the firm posted $0.21 earnings per share. The company's quarterly 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. On average, equities analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be paid a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 5.8%. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Insider Buying and Selling at Amcor

In other Amcor 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 purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the purchase, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

AMCR has been the subject of several analyst reports. Robert W. Baird dropped their price target 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. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Wells Fargo & Company increased their price objective on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They set a "buy" rating and a $12.00 target price for the company. Finally, Truist Financial set a $11.00 target price on Amcor and gave the company a "buy" rating in a research 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 stock. According to MarketBeat, Amcor currently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

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.