PharVision Advisers LLC Invests $299,000 in Amcor PLC $AMCR

Key Points

• PharVision Advisers LLC has acquired a new stake in Amcor PLC, purchasing 30,853 shares valued at approximately $299,000 in the first quarter.
• In the past quarter, institutional investors have significantly increased their stakes in Amcor, with Rakuten Securities boosting its holdings by 18,725.0%.
• Amcor's stock currently has a consensus rating of "Moderate Buy" from analysts, with an average price target of $11.42.

PharVision Advisers LLC purchased a new stake in Amcor PLC (NYSE:AMCR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 30,853 shares of the company's stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMCR. Rakuten Securities Inc. raised its stake in shares of Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after purchasing an additional 2,996 shares during the period. HM Payson & Co. acquired a new stake in shares of Amcor in the 1st quarter valued at about $30,000. Brentview Investment Management LLC acquired a new stake in shares of Amcor in the 1st quarter valued at about $31,000. CVA Family Office LLC grew its holdings in shares of Amcor by 234.1% in the 1st quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock valued at $32,000 after acquiring an additional 2,280 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Amcor in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 45.14% of the company's stock.

Insider Activity

In other news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price 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 in the company, valued at approximately $85,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AMCR shares. Jefferies Financial Group started coverage on Amcor in a report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price objective for the company. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Truist Financial set a $11.00 price objective on Amcor and gave the company a "buy" rating in a report on Friday, July 11th. Robert W. Baird decreased their price objective on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Finally, Wells Fargo & Company raised their price objective on Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a report on Friday, July 18th. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $11.42.

Amcor Stock Performance

Amcor stock traded up $0.06 during midday trading on Wednesday, reaching $8.25. 17,929,552 shares of the company's stock were exchanged, compared to its average volume of 28,617,889. Amcor PLC has a 52 week low of $8.16 and a 52 week 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 firm has a market cap of $11.92 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.06 and a beta of 0.72. The stock's 50-day simple moving average is $9.19 and its 200 day simple moving average is $9.33.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the previous year, the business posted $0.21 EPS. 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. On average, analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed 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. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Friday, September 5th. Amcor's payout ratio is currently 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.