UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 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 grew its holdings in shares of Amcor PLC (NYSE:AMCR - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,746,344 shares of the company's stock after purchasing an additional 1,239,433 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.61% of Amcor worth $84,840,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. boosted its position 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 purchasing an additional 2,996 shares during the period. HM Payson & Co. bought a new position in shares of Amcor in the first quarter valued at approximately $30,000. Brentview Investment Management LLC bought a new position in shares of Amcor in the first quarter valued at approximately $31,000. CVA Family Office LLC boosted its position in shares of Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company's stock valued at $32,000 after acquiring an additional 2,280 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Amcor in the first quarter valued at approximately $36,000. Institutional investors own 45.14% of the company's stock.

Amcor Price Performance

Shares of AMCR stock traded up $0.03 during trading hours on Thursday, hitting $8.31. 17,334,581 shares of the company's stock were exchanged, compared to its average volume of 20,081,724. The company has a market capitalization of $12.01 billion, a PE ratio of 23.08, a PEG ratio of 1.07 and a beta of 0.72. Amcor PLC has a 12-month low of $8.16 and a 12-month high of $11.48. The business's 50 day simple moving average is $8.99 and its 200-day simple moving average is $9.25. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results 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 return on equity of 19.43% and a net margin of 3.40%.The firm had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the business posted $0.21 EPS. The firm's revenue for the quarter 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 research analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be issued a $0.1275 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 6.1%. Amcor's dividend payout ratio (DPR) is currently 141.67%.

Insider Activity

In other news, Director Stephen E. Sterrett bought 10,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMCR. Jefferies Financial Group began coverage on shares of Amcor in a research report on Wednesday, July 2nd. They issued a "buy" rating and a $12.00 price objective for the company. The Goldman Sachs Group started coverage on shares of Amcor in a research note on Wednesday, September 10th. They issued a "buy" rating on the stock. Truist Financial set a $11.00 target price on shares of Amcor and gave the company a "buy" rating in a research note on Friday, July 11th. Wells Fargo & Company raised their target price on shares of Amcor from $10.00 to $11.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Finally, Robert W. Baird lowered their target price on shares of Amcor from $11.00 to $10.00 and set a "neutral" rating on the stock in a research note on Friday, August 15th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amcor currently has a consensus rating of "Moderate Buy" and an average price target of $11.42.

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.