Amcor PLC $AMCR Shares Purchased by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP significantly increased its holdings in Amcor PLC by 142.6% during the first quarter, acquiring an additional 1,331,984 shares which makes up about 0.7% of its total holdings.
• Amcor recently declared a quarterly dividend of $0.1275 per share, resulting in an annualized dividend of $0.51 and a dividend yield of 5.8%, despite a high payout ratio of 141.67%.
• Analysts have generally rated Amcor positively, with a consensus target price of $11.42, and the stock features ratings from multiple brokerages, including several buy ratings and a few hold ratings.

Quantbot Technologies LP boosted its stake in Amcor PLC (NYSE:AMCR - Free Report) by 142.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,265,823 shares of the company's stock after acquiring an additional 1,331,984 shares during the period. Amcor comprises approximately 0.7% of Quantbot Technologies LP's portfolio, making the stock its 8th largest position. Quantbot Technologies LP owned approximately 0.16% of Amcor worth $21,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. lifted its position in Amcor by 18,725.0% in the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock valued at $29,000 after acquiring an additional 2,996 shares during the last quarter. HM Payson & Co. purchased a new stake in Amcor in the first quarter valued at $30,000. Brentview Investment Management LLC purchased a new stake in Amcor in the first quarter valued at $31,000. CVA Family Office LLC lifted its position in Amcor by 234.1% in the first 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 during the last quarter. Finally, Quarry LP lifted its position in Amcor by 2,064.5% in the fourth quarter. Quarry LP now owns 3,723 shares of the company's stock valued at $35,000 after acquiring an additional 3,551 shares during the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Performance

Shares of NYSE:AMCR traded up $0.0650 on Friday, reaching $8.7150. The company's stock had a trading volume of 20,394,453 shares, compared to its average volume of 29,135,446. The stock's 50-day moving average is $9.36 and its two-hundred day moving average is $9.47. Amcor PLC has a 52-week low of $8.37 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 0.37. The stock has a market capitalization of $12.60 billion, a P/E ratio of 24.21, a PEG ratio of 1.13 and a beta of 0.74.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company's revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, sell-side analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The company also recently disclosed 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 5.9%. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

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.