Shayne & Jacobs LLC Makes New Investment in Amcor PLC $AMCR

Key Points

• Shayne & Jacobs LLC has acquired 128,346 shares of Amcor PLC, valued at approximately $1.18 million, during the 2nd quarter of the year.
• Amcor recently reported earnings of $0.20 per share, missing analysts' estimates, with revenue growth of 43.8% compared to the same quarter last year.
• The company declared a quarterly dividend of $0.1275 per share, which equates to an annualized yield of 6.4% and a dividend payout ratio of 141.67%.

Shayne & Jacobs LLC acquired a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 128,346 shares of the company's stock, valued at approximately $1,180,000.

Several other institutional investors have also recently bought and sold shares of AMCR. Vanguard Group Inc. raised its holdings in shares of Amcor by 15.5% in the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company's stock valued at $660,627,000 after purchasing an additional 9,119,308 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Amcor in the first quarter valued at about $37,522,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Amcor by 8.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company's stock valued at $483,367,000 after purchasing an additional 3,778,714 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company's stock valued at $323,149,000 after purchasing an additional 2,889,166 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Amcor by 34.9% in the first quarter. Bank of New York Mellon Corp now owns 10,613,159 shares of the company's stock valued at $102,948,000 after purchasing an additional 2,747,846 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Price Performance

AMCR opened at $7.95 on Friday. 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 $18.32 billion, a P/E ratio of 22.07, a PEG ratio of 1.02 and a beta of 0.73. Amcor PLC has a fifty-two week low of $7.81 and a fifty-two week high of $11.46. The firm has a 50-day moving average of $8.52 and a 200 day moving average of $9.05.

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

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a dividend of $0.1275 per share. This represents a $0.51 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, September 5th. Amcor's dividend payout ratio (DPR) is currently 141.67%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Robert W. Baird lowered 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. Jefferies Financial Group assumed coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a report on Friday, September 19th. They issued an "overweight" rating and a $10.00 target price for the company. 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. Finally, Wells Fargo & Company increased their price target 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. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.09.

Insiders Place Their Bets

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the business's stock in a transaction 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 of the company's stock, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.32% of the stock is 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.

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