Wellington Management Group LLP Sells 1,110,664 Shares of Amcor PLC $AMCR

Key Points

• Wellington Management reduced its Amcor stake by 17.4%, selling 1,110,664 shares during the second quarter and retaining 5,279,730 shares valued at approximately $228.9 million. Institutional investors collectively own 45.14% of AMCR.
• Amcor reported quarterly EPS of $1.23, exceeding the $1.19 consensus estimate, while revenue rose 25.9% year over year to $6.40 billion. Shares were trading at $46.70, above both their 50-day and 200-day moving averages.
• The company declared a quarterly dividend of $0.65, equivalent to a 5.6% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $49.49, though several near-term EPS estimates were recently reduced.

Wellington Management Group LLP decreased its stake in Amcor PLC (NYSE:AMCR - Free Report) by 17.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,279,730 shares of the company's stock after selling 1,110,664 shares during the period. Wellington Management Group LLP owned 1.14% of Amcor worth $228,876,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in the company. Bangor Savings Bank bought a new position in shares of Amcor during the 2nd quarter worth $26,000. AdvisorNet Financial Inc bought a new stake in Amcor in the 1st quarter valued at about $25,000. Western Wealth Management LLC bought a new stake in Amcor in the 1st quarter valued at about $27,000. Palladiem LLC purchased a new stake in Amcor during the first quarter valued at about $34,000. Finally, Root Financial Partners LLC bought a new position in Amcor during the first quarter worth about $41,000. 45.14% of the stock is currently owned by institutional investors.

Key Amcor News

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Zacks Research raised its EPS estimate for the second quarter of 2027 to $1.20 from $1.19 and for the second quarter of 2028 to $1.27 from $1.20, signaling somewhat stronger expectations for those periods. The firm also projects $4.25 EPS for fiscal 2027 and $4.45 for fiscal 2028. Amcor analyst estimates
• Neutral Sentiment: Zacks maintained its fiscal 2026 EPS estimate at $1.84, matching the current consensus forecast. This suggests no change to analysts’ overall near-term annual earnings outlook. Amcor analyst estimates
• Neutral Sentiment: Amcor’s shares remain above their 50-day and 200-day moving averages, indicating continued positive technical momentum. However, the stock is still below its 52-week high, leaving valuation and earnings revisions important catalysts for investors.
• Negative Sentiment: Zacks reduced EPS estimates for the third and fourth quarters of fiscal 2026 to $0.96 and $0.88, respectively, from $1.02 and $0.92. It also cut estimates for the first quarter of 2027 to $1.03 from $1.10, the third quarter of 2027 to $1.05 from $1.11, and the fourth quarter of 2027 to $0.97 from $1.02. The cluster of downward revisions points to softer expected earnings in several upcoming periods. Amcor analyst estimate revisions
• Neutral Sentiment: A separate report concerns Amcorp Global Ltd. and its dormant Australian subsidiary, Potts Point Hospitality Pty Ltd—not Amcor PLC—so it should not materially affect AMCR shares. Amcorp Global subsidiary restructuring

Amcor Price Performance

Shares of NYSE:AMCR opened at $46.70 on Monday. The company has a 50 day moving average of $44.97 and a 200 day moving average of $42.70. The stock has a market cap of $21.59 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.55 and a beta of 0.62. Amcor PLC has a 12 month low of $36.25 and a 12 month high of $50.94. The company has a current ratio of 1.25, a quick ratio of 0.76 and a debt-to-equity ratio of 1.17.

Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.04. The business had revenue of $6.40 billion for the quarter, compared to analysts' expectations of $6.05 billion. Amcor had a net margin of 4.71% and a return on equity of 15.92%. The business's revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. As a group, sell-side analysts forecast that Amcor PLC will post 1.84 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 4th will be given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date is Friday, September 4th. Amcor's dividend payout ratio (DPR) is 110.17%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMCR. UBS Group initiated coverage on shares of Amcor in a research note on Tuesday, August 11th. They issued a "buy" rating and a $56.00 target price for the company. BMO Capital Markets assumed coverage on shares of Amcor in a research note on Thursday, July 16th. They set a "market perform" rating and a $47.00 price target on the stock. Citigroup reaffirmed a "buy" rating and issued a $52.00 price objective (up from $47.00) on shares of Amcor in a report on Friday, August 14th. Weiss Ratings reiterated a "hold (c)" rating on shares of Amcor in a research note on Friday, August 7th. Finally, Jefferies Financial Group set a $44.92 target price on shares of Amcor and gave the company a "hold" rating in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $49.49.

About Amcor

Amcor NYSE: AMCR is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company's product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor's packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.

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