Simplicity Wealth LLC Purchases New Holdings in Amcor PLC $AMCR

Key Points

• Simplicity Wealth LLC has acquired 141,743 shares of Amcor PLC, valued at approximately $1,303,000, indicating growing interest from institutional investors.
• Amcor recently reported a quarterly earnings miss with an EPS of $0.20, slightly below the consensus estimate of $0.21, despite year-over-year revenue growth of 43.8%.
• The company announced a quarterly dividend of $0.1275, reflecting a yield of 6.3%, however, the dividend payout ratio is notably high at 141.67%.

Simplicity Wealth LLC acquired a new position in Amcor PLC (NYSE:AMCR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 141,743 shares of the company's stock, valued at approximately $1,303,000.

Several other large investors have also recently made changes to their positions in AMCR. Parallel Advisors LLC grew its stake in shares of Amcor by 53.2% in the 1st quarter. Parallel Advisors LLC now owns 6,114 shares of the company's stock worth $59,000 after buying an additional 2,122 shares during the last quarter. NBC Securities Inc. boosted its holdings in Amcor by 105,725.0% in the first quarter. NBC Securities Inc. now owns 8,466 shares of the company's stock worth $82,000 after acquiring an additional 8,458 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Amcor by 20.0% in the first quarter. Merit Financial Group LLC now owns 16,144 shares of the company's stock worth $157,000 after acquiring an additional 2,686 shares during the last quarter. UMB Bank n.a. increased its holdings in shares of Amcor by 20.0% during the first quarter. UMB Bank n.a. now owns 6,386 shares of the company's stock valued at $62,000 after acquiring an additional 1,066 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in shares of Amcor by 15.4% in the 1st quarter. Park Avenue Securities LLC now owns 22,594 shares of the company's stock worth $219,000 after purchasing an additional 3,023 shares during the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Down 1.2%

Shares of Amcor stock opened at $8.08 on Tuesday. Amcor PLC has a twelve month low of $7.90 and a twelve month high of $11.46. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The company's 50 day moving average is $8.64 and its 200 day moving average is $9.09. The company has a market cap of $18.63 billion, a price-to-earnings ratio of 22.44, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73.

Amcor (NYSE:AMCR - Get Free Report) last posted its 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). The company had revenue of $5.08 billion during 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%.The company's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period last year, the firm posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Research analysts anticipate that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's dividend payout ratio (DPR) is presently 141.67%.

Analysts Set New Price Targets

Several analysts recently commented on AMCR shares. The Goldman Sachs Group started coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a "buy" rating on the stock. Robert W. Baird cut their price target on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a report on Friday, August 15th. Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. Royal Bank Of Canada assumed coverage on Amcor in a research note on Monday, September 22nd. They set a "sector perform" rating on the stock. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Amcor in a report on Saturday, September 27th. Nine equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $11.21.

Insider Activity

In other Amcor 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 price of $8.55 per share, with a total value of $85,500.00. Following 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.