Mn Services Vermogensbeheer B.V. Buys 326,200 Shares of Amcor PLC $AMCR

Key Points

• Mn Services Vermogensbeheer B.V. has increased its stake in Amcor PLC by 61.8%, acquiring an additional 326,200 shares, bringing its total holdings to 853,837 shares worth approximately $7.85 million.
• Amcor announced a quarterly dividend of $0.1275 per share, resulting in an annualized yield of 6.2%, despite a dividend payout ratio of 141.67%.
• Recent earnings results show Amcor's EPS at $0.20, missing estimates, with a revenue of $5.08 billion compared to the forecast of $5.18 billion, reflecting a 43.8% year-over-year revenue increase.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 61.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 853,837 shares of the company's stock after purchasing an additional 326,200 shares during the period. Mn Services Vermogensbeheer B.V. owned about 0.06% of Amcor worth $7,847,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Man Group plc bought a new position in shares of Amcor in the fourth quarter worth approximately $2,462,000. Two Sigma Investments LP bought a new position in Amcor in the 4th quarter worth $9,027,000. Vident Advisory LLC increased its stake in Amcor by 3.1% in the 4th quarter. Vident Advisory LLC now owns 146,759 shares of the company's stock worth $1,381,000 after buying an additional 4,349 shares in the last quarter. Woodline Partners LP bought a new stake in Amcor during the fourth quarter valued at about $817,000. Finally, Voloridge Investment Management LLC bought a new stake in Amcor during the fourth quarter valued at about $4,765,000. Hedge funds and other institutional investors own 45.14% of the company's stock.

Amcor Price Performance

AMCR traded down $0.02 during trading hours on Tuesday, hitting $8.24. The company's stock had a trading volume of 4,379,888 shares, compared to its average volume of 28,306,730. The stock has a market cap of $11.90 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.06 and a beta of 0.72. The business's 50-day moving average price is $8.94 and its 200-day moving average price is $9.21. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Amcor PLC has a 12 month low of $8.16 and a 12 month high of $11.48.

Amcor (NYSE:AMCR - Get Free Report) last issued 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 business had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The business's quarterly revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on AMCR shares. Truist Financial set a $11.00 target price on Amcor and gave the stock a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group assumed coverage on Amcor in a research note on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price target for the company. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research report on Friday. They set an "overweight" rating and a $10.00 target price for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a "buy" rating for the company. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $11.21.

Insider Buying and Selling

In other news, Director Stephen E. Sterrett acquired 10,000 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was bought 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 directly owned 10,000 shares of the company's stock, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by insiders.

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.