GW Henssler & Associates Ltd. Sells 654,757 Shares of Amcor PLC $AMCR

Key Points

• GW Henssler & Associates Ltd. sold 654,757 shares of Amcor PLC, reducing its holdings by 41.5% in the second quarter, leaving it with approximately 0.06% ownership valued at $8.49 million.
• Amcor announced a quarterly dividend of $0.1275 per share, resulting in an annualized yield of 6.4%, which indicates a payout ratio of 141.67%.
• Amcor's recent earnings report for the quarter showed $5.08 billion in revenue, below analyst expectations, and an EPS of $0.20, missing the consensus estimate by $0.01.

GW Henssler & Associates Ltd. decreased its holdings in Amcor PLC (NYSE:AMCR - Free Report) by 41.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 924,161 shares of the company's stock after selling 654,757 shares during the quarter. GW Henssler & Associates Ltd. owned approximately 0.06% of Amcor worth $8,493,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AMCR. AdvisorNet Financial Inc raised its position in Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock valued at $28,000 after purchasing an additional 2,704 shares during the last quarter. Rakuten Securities Inc. raised its position in shares of Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after acquiring an additional 2,996 shares during the last quarter. Adirondack Trust Co. bought a new stake in shares of Amcor during the second quarter worth $29,000. HM Payson & Co. bought a new stake in shares of Amcor during the first quarter worth $30,000. Finally, Brentview Investment Management LLC bought a new stake in shares of Amcor during the first quarter worth $31,000. Institutional investors own 45.14% of the company's stock.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company's stock.

Amcor Stock Up 1.6%

Shares of Amcor stock opened at $7.95 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. Amcor PLC has a 12 month low of $7.81 and a 12 month high of $11.46. The business has a fifty day simple moving average of $8.52 and a 200 day simple moving average of $9.05. The stock has a market cap of $18.32 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 1.04 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 return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the firm earned $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. Research analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's payout ratio is presently 141.67%.

Analyst Ratings Changes

AMCR has been the subject of a number of recent research reports. Weiss Ratings restated a "hold (c-)" rating on shares of Amcor in a research report on Wednesday. Robert W. Baird dropped their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Stifel Nicolaus upgraded Amcor from a "hold" rating to a "buy" rating and set a $10.20 target price for the company in a research report on Friday. Jefferies Financial Group initiated coverage on Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 target price for the company. Finally, The Goldman Sachs Group began coverage on Amcor in a research report on Wednesday, September 10th. They set a "buy" rating for the company. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and a consensus target price of $11.09.

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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