UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 1,239,433 Shares of Amcor PLC $AMCR

Key Points

• UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Amcor PLC by 16.5%, owning approximately 8.7 million shares valued at $84.84 million after acquiring an additional 1.2 million shares.
• Amcor recently announced a quarterly dividend of $0.1275 per share, with a dividend yield of 6.2% and payouts scheduled for September 25th.
• The company reported quarterly earnings of $0.20 per share, missing estimates, with a revenue of $5.08 billion, but noted a 43.8% increase in revenue year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,746,344 shares of the company's stock after acquiring an additional 1,239,433 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.61% of Amcor worth $84,840,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CX Institutional bought a new stake in shares of Amcor during the 1st quarter worth $111,000. SG Americas Securities LLC boosted its stake in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company's stock worth $1,455,000 after acquiring an additional 95,314 shares in the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of Amcor during the 1st quarter worth $121,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Amcor by 16.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company's stock worth $12,188,000 after acquiring an additional 175,731 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Amcor by 5.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 82,025 shares of the company's stock worth $796,000 after buying an additional 4,591 shares during the period. 45.14% of the stock is owned by institutional investors.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of Amcor stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.60% of the stock is owned by corporate insiders.

Amcor Stock Down 0.1%

Shares of NYSE:AMCR traded down $0.01 on Monday, reaching $8.27. The company had a trading volume of 24,273,320 shares, compared to its average volume of 20,812,420. Amcor PLC has a twelve month low of $8.16 and a twelve month high of $11.48. The stock has a 50-day moving average price of $9.08 and a 200 day moving average price of $9.27. The stock has a market capitalization of $11.95 billion, a P/E 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 (NYSE:AMCR - Get Free Report) last announced its quarterly 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). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same period in the prior year, the firm earned $0.21 EPS. Amcor's quarterly revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities analysts expect that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Amcor from $10.00 to $11.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. 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. Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a research report on Friday, August 15th. The Goldman Sachs Group assumed coverage on Amcor in a research report on Wednesday, September 10th. They set a "buy" rating for the company. Finally, Jefferies Financial Group assumed coverage on Amcor in a research report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price objective for the company. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.42.

Amcor 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.