Petrus Trust Company LTA Takes $347,000 Position in Amcor PLC $AMCR

Key Points

• Petrus Trust Company LTA acquired 35,793 shares of Amcor PLC in the first quarter, valued at approximately $347,000, reflecting increased institutional interest in the company.
• A recent insider transaction saw Director Stephen E. Sterrett purchase 10,000 shares at an average price of $8.55, increasing his position significantly.
• Amcor has set its FY 2026 guidance at $0.800-0.830 EPS and recently announced a dividend of $0.1275 per share, representing a yield of 6.2%.

Petrus Trust Company LTA acquired a new position in Amcor PLC (NYSE:AMCR - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,793 shares of the company's stock, valued at approximately $347,000.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Amcor by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock worth $660,627,000 after acquiring an additional 9,119,308 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Amcor by 8.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock valued at $483,367,000 after buying an additional 3,778,714 shares in the last quarter. Invesco Ltd. increased its position in shares of Amcor by 9.5% during the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after buying an additional 2,889,166 shares during the period. Wellington Management Group LLP increased its position in shares of Amcor by 9.8% during the first quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company's stock valued at $297,860,000 after buying an additional 2,735,320 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Amcor by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company's stock worth $186,142,000 after buying an additional 490,827 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on AMCR shares. Truist Financial set a $11.00 price objective on shares of Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. UBS Group upgraded shares of Amcor from a "neutral" rating to a "buy" rating in a research report on Thursday, June 26th. The Goldman Sachs Group started coverage on shares of Amcor in a research report on Wednesday. They issued a "buy" rating for the company. Robert W. Baird cut their price objective on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. Finally, Wells Fargo & Company raised 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. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $11.42.

Amcor Price Performance

Shares of NYSE AMCR traded down $0.06 during midday trading on Friday, hitting $8.27. 12,939,915 shares of the company's stock were exchanged, compared to its average volume of 23,443,192. Amcor PLC has a 12-month low of $8.16 and a 12-month high of $11.48. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.07 and a beta of 0.72. The business's fifty day moving average price is $9.11 and its two-hundred day moving average price is $9.29.

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 the consensus estimate 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 for the quarter, compared to analysts' expectations of $5.18 billion. During the same period in the previous year, the firm posted $0.21 EPS. The firm's revenue for the quarter was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be paid a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.2%. Amcor's dividend payout ratio is currently 141.67%.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price 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 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 through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

About Amcor

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.