GW Henssler & Associates Ltd. Sells 103,065 Shares of Amcor PLC $AMCR

Key Points

• GW Henssler & Associates Ltd. sold 103,065 shares of Amcor PLC, reducing its stake by 6.1% in the first quarter, while still holding approximately 1,578,918 shares valued at $15.3 million.
• Amcor's stock recently increased by **1.2%**, and the company reported a **net margin of 3.40%** with earnings per share of $0.20, missing analyst estimates.
• The company announced a quarterly dividend of $0.1275, representing an **annualized yield of 5.9%**, with the payout ratio currently at **141.67%**.

GW Henssler & Associates Ltd. lowered its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,578,918 shares of the company's stock after selling 103,065 shares during the period. GW Henssler & Associates Ltd. owned about 0.11% of Amcor worth $15,316,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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 buying an additional 9,119,308 shares during the last quarter. Nuveen LLC bought a new stake in Amcor in the 1st quarter worth approximately $37,522,000. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 3,778,714 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Amcor in the 4th quarter worth approximately $31,485,000. Finally, Invesco Ltd. lifted its position in Amcor by 9.5% in the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock worth $323,149,000 after buying an additional 2,889,166 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Truist Financial set a $11.00 target price on shares of Amcor and gave the stock a "buy" rating in a research report on Friday, July 11th. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Jefferies Financial Group initiated coverage on shares of Amcor in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price on the stock. Finally, Robert W. Baird decreased their target price on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $11.42.

Amcor Trading Down 0.1%

Amcor stock traded down $0.01 during trading hours on Thursday, reaching $8.35. The stock had a trading volume of 22,537,690 shares, compared to its average volume of 28,849,385. The company has a fifty day simple moving average of $9.27 and a 200-day simple moving average of $9.39. The stock has a market cap of $12.06 billion, a PE ratio of 23.18, a PEG ratio of 1.13 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. Amcor PLC has a 52 week low of $8.27 and a 52 week high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last announced its 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). The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently announced 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. 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 6.1%. Amcor's payout ratio is presently 141.67%.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director owned 10,000 shares of the company's stock, valued at approximately $85,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.60% of the company's stock.

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.