Teza Capital Management LLC Makes New $502,000 Investment in Amcor PLC $AMCR

Key Points

• Teza Capital Management LLC has acquired a new stake in Amcor PLC, purchasing 51,762 shares valued at approximately $502,000 during the first quarter.
• Amcor has announced a quarterly dividend of $0.1275 per share, with an annualized yield of 6.2%, although its payout ratio currently stands at 141.67%.
• The company's EPS fell short of estimates at $0.20 for the last quarter, missing the consensus of $0.21, while revenue increased by 43.8% year-over-year.

Teza Capital Management LLC acquired a new stake in Amcor PLC (NYSE:AMCR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 51,762 shares of the company's stock, valued at approximately $502,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional acquired a new stake in Amcor in the first quarter valued at approximately $111,000. SG Americas Securities LLC boosted its position in shares of Amcor by 174.3% during the first quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock valued at $1,455,000 after buying an additional 95,314 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of Amcor during the first quarter valued at approximately $121,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Amcor by 16.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company's stock valued at $12,188,000 after buying an additional 175,731 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Amcor by 5.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock valued at $796,000 after buying an additional 4,591 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Analyst Upgrades and Downgrades

AMCR has been the topic of several analyst reports. Robert W. Baird cut 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. Truist Financial set a $11.00 target price on Amcor and gave the company a "buy" rating in a research report on Friday, July 11th. Jefferies Financial Group started coverage on Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 target price on the stock. UBS Group upgraded Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company boosted their price objective on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $11.42.

Amcor Price Performance

AMCR traded down $0.06 during trading on Friday, reaching $8.27. 12,939,915 shares of the company were exchanged, compared to its average volume of 23,443,192. The company's 50-day moving average is $9.11 and its two-hundred day moving average is $9.29. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 22.97, a P/E/G ratio of 1.07 and a beta of 0.72. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. Amcor PLC has a 12-month low of $8.16 and a 12-month high of $11.48.

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 analysts' consensus estimates of $0.21 by ($0.01). The company had revenue of $5.08 billion for the quarter, compared to analysts' expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business's revenue for the quarter was up 43.8% on a year-over-year basis. During the same period last year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a dividend of $0.1275 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.2%. Amcor's dividend payout ratio is 141.67%.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett acquired 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $8.55 per share, with a total value of $85,500.00. Following the acquisition, the director owned 10,000 shares of the company's stock, valued at approximately $85,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

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.