488,208 Shares in Amcor PLC $AMCR Purchased by PDT Partners LLC

Key Points

• PDT Partners LLC acquired 488,208 shares of Amcor PLC for approximately $4.736 million in the first quarter.
• Amcor's stock has seen a consensus rating of "Moderate Buy" from analysts, with a target price averaging $11.42.
• The company announced a quarterly dividend of $0.1275, reflecting a 5.9% yield with a high dividend payout ratio of 141.67%.

PDT Partners LLC purchased a new stake in Amcor PLC (NYSE:AMCR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 488,208 shares of the company's stock, valued at approximately $4,736,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMCR. UMB Bank n.a. raised its position in Amcor by 20.0% in the 1st quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock valued at $62,000 after buying an additional 1,066 shares during the last quarter. AlphaStar Capital Management LLC raised its holdings in shares of Amcor by 2.4% in the 1st quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company's stock worth $490,000 after purchasing an additional 1,185 shares during the period. Koshinski Asset Management Inc. lifted its stake in Amcor by 10.1% in the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company's stock valued at $132,000 after purchasing an additional 1,252 shares during the last quarter. Virtue Capital Management LLC lifted its stake in Amcor by 2.8% in the fourth quarter. Virtue Capital Management LLC now owns 45,924 shares of the company's stock valued at $432,000 after purchasing an additional 1,259 shares during the last quarter. Finally, Private Trust Co. NA grew its holdings in Amcor by 5.1% during the first quarter. Private Trust Co. NA now owns 27,301 shares of the company's stock valued at $265,000 after purchasing an additional 1,315 shares during the period. Institutional investors own 45.14% of the company's stock.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares of the company's stock, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Truist Financial set a $11.00 price target on Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group began coverage on Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price target on the stock. Robert W. Baird dropped their price target on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Amcor Trading Down 0.8%

NYSE:AMCR traded down $0.07 during trading hours on Friday, hitting $8.29. The company had a trading volume of 20,276,021 shares, compared to its average volume of 26,789,234. The company has a market capitalization of $11.97 billion, a PE ratio of 23.01, a price-to-earnings-growth ratio of 1.08 and a beta of 0.72. The stock has a 50-day moving average price of $9.23 and a 200 day moving average price of $9.36. Amcor PLC has a 52 week low of $8.23 and a 52 week high of $11.48. 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 (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 the consensus estimate of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business's quarterly revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities research analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

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

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.