Tectonic Advisors LLC Takes $5.13 Million Position in Amcor PLC $AMCR

Key Points

• Tectonic Advisors LLC has acquired a new position in Amcor PLC, purchasing 558,157 shares valued at approximately $5.13 million during the second quarter.
• Amcor recently reported earnings of $0.20 per share, missing analysts' estimates, with a revenue of $5.08 billion, which was below expectations of $5.18 billion.
• The company declared a quarterly dividend of $0.1275, representing a 6.4% yield, and has a significant dividend payout ratio of 141.67%.

Tectonic Advisors LLC acquired a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 558,157 shares of the company's stock, valued at approximately $5,129,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AdvisorNet Financial Inc grew its holdings in Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock worth $28,000 after acquiring an additional 2,704 shares during the period. Rakuten Securities Inc. grew its holdings in Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company's stock worth $29,000 after acquiring an additional 2,996 shares during the period. Adirondack Trust Co. acquired a new position in Amcor during the second quarter worth $29,000. HM Payson & Co. acquired a new position in Amcor during the first quarter worth $30,000. Finally, Brentview Investment Management LLC acquired a new position in Amcor during the first quarter worth $31,000. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Stock Up 0.1%

AMCR opened at $7.97 on Thursday. The business's fifty day moving average is $8.57 and its two-hundred day moving average is $9.07. 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 company has a market cap of $18.37 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 1.04 and a beta of 0.73. Amcor PLC has a one year low of $7.90 and a one year high of $11.46.

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

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, September 5th. Amcor's dividend payout ratio is currently 141.67%.

Insider Activity

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost 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. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMCR shares. Royal Bank Of Canada started coverage on Amcor in a report on Monday, September 22nd. They set a "sector perform" rating on the stock. JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They set an "overweight" rating and a $10.00 price objective on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Amcor in a research report on Wednesday. Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research report on Friday, August 15th. Finally, Truist Financial set a $11.00 target price on Amcor and gave the stock a "buy" rating in a research report on Friday, July 11th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.21.

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.

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