Kestra Investment Management LLC Has $687,000 Stake in Amcor PLC $AMCR

Key Points

• Kestra Investment Management LLC significantly increased its stake in Amcor PLC by 196.1%, owning 70,825 shares worth approximately $687,000 after purchasing an additional 46,909 shares in the first quarter.
• Amcor's quarterly earnings reported a miss on EPS with $0.20, below the consensus estimate of $0.21, and revenue of $5.08 billion, falling short of expectations.
• A quarterly dividend of $0.1275 per share has been declared, representing a 6.2% yield, with a payout ratio of 141.67%.

Kestra Investment Management LLC grew its stake in Amcor PLC (NYSE:AMCR - Free Report) by 196.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,825 shares of the company's stock after purchasing an additional 46,909 shares during the quarter. Kestra Investment Management LLC's holdings in Amcor were worth $687,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CX Institutional bought a new position in shares of Amcor in the first quarter valued at about $111,000. SG Americas Securities LLC raised its position in shares of Amcor by 174.3% in the first quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock valued at $1,455,000 after purchasing an additional 95,314 shares during the period. OneDigital Investment Advisors LLC bought a new position in shares of Amcor in the first quarter valued at about $121,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Amcor by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company's stock valued at $12,188,000 after purchasing an additional 175,731 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Amcor by 5.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock valued at $796,000 after purchasing an additional 4,591 shares during the period. 45.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AMCR shares. The Goldman Sachs Group started coverage on shares of Amcor in a research report on Wednesday. They issued a "buy" rating on the stock. Wells Fargo & Company increased their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research report on Friday, July 18th. Robert W. Baird decreased their price target on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Jefferies Financial Group began coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price target on the stock. Finally, UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research note on Thursday, June 26th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Amcor presently has a consensus rating of "Moderate Buy" and a consensus price target of $11.42.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Amcor Price Performance

Shares of AMCR traded down $0.06 during mid-day trading on Friday, reaching $8.27. The company had a trading volume of 12,939,915 shares, compared to its average volume of 23,443,192. The company's 50 day simple moving average is $9.11 and its 200 day simple moving average is $9.29. Amcor PLC has a 1-year low of $8.16 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The company has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.07 and a beta of 0.72.

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

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, September 5th. Amcor's dividend payout ratio (DPR) is 141.67%.

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.