Hudson Edge Investment Partners Inc. Makes New $5.41 Million Investment in Amcor PLC $AMCR

Key Points

• Hudson Edge Investment Partners Inc. invested approximately $5.41 million in Amcor PLC by acquiring 588,617 shares, reflecting growing institutional interest in the company.
• Amcor's stock reported a missed earnings estimate of $0.20 EPS compared to the consensus of $0.21, alongside a year-over-year revenue increase of 43.8% to $5.08 billion.
• The company announced a quarterly dividend of $0.1275 per share, resulting in a 6.2% dividend yield, despite a high payout ratio of 141.67%.

Hudson Edge Investment Partners Inc. acquired a new stake in shares of Amcor PLC (NYSE:AMCR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 588,617 shares of the company's stock, valued at approximately $5,409,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AMCR. AdvisorNet Financial Inc raised its position in Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock valued at $28,000 after acquiring an additional 2,704 shares in the last quarter. Rakuten Securities Inc. increased its stake in Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after buying an additional 2,996 shares in the last quarter. Adirondack Trust Co. purchased a new stake in Amcor during the 2nd quarter worth approximately $29,000. HM Payson & Co. acquired a new position in shares of Amcor during the first quarter valued at approximately $30,000. Finally, Brentview Investment Management LLC acquired a new position in Amcor in the 1st quarter valued at $31,000. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Stock Performance

NYSE:AMCR opened at $8.23 on Friday. Amcor PLC has a 52 week low of $7.90 and a 52 week high of $11.46. The company has a market cap of $11.89 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The company has a fifty day simple moving average of $8.70 and a two-hundred day simple moving average of $9.12.

Amcor (NYSE:AMCR - Get Free Report) last posted 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). The company 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%. Amcor's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's dividend payout ratio (DPR) is 141.67%.

Analysts Set New Price Targets

AMCR has been the topic of a number of research reports. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research note on Friday, September 19th. They issued an "overweight" rating and a $10.00 target price on the stock. Jefferies Financial Group started coverage on Amcor in a report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price for the company. The Goldman Sachs Group started coverage on Amcor in a report on Wednesday, September 10th. They set a "buy" rating on the stock. Robert W. Baird dropped their price objective 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. Finally, Royal Bank Of Canada initiated coverage on shares of Amcor in a research report on Monday, September 22nd. They set a "sector perform" rating for the company. Nine equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and an average price target of $11.21.

Insider Buying and Selling

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