Wilmington Savings Fund Society FSB Grows Stock Position in Amcor PLC $AMCR

Key Points

• Wilmington Savings Fund Society FSB increased its stake in Amcor PLC by 205.5%, owning 66,689 shares valued at approximately $613,000 after an additional purchase of 44,860 shares.
• Several hedge funds significantly boosted their positions in Amcor, including AdvisorNet Financial which raised its holdings by 839.8%, and overall institutional investors now own 45.14% of Amcor's stock.
• Amcor reported a quarterly dividend of $0.1275 per share, with a 6.3% dividend yield and a payout ratio of 141.67%, amidst a recent earnings miss and updated FY 2026 EPS guidance.

Wilmington Savings Fund Society FSB lifted its stake in Amcor PLC (NYSE:AMCR - Free Report) by 205.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,689 shares of the company's stock after purchasing an additional 44,860 shares during the period. Wilmington Savings Fund Society FSB's holdings in Amcor were worth $613,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AdvisorNet Financial Inc boosted its holdings in Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company's stock valued at $28,000 after purchasing an additional 2,704 shares during the period. HM Payson & Co. purchased a new position in Amcor in the first quarter valued at $30,000. Brentview Investment Management LLC purchased a new position in Amcor in the first quarter valued at $31,000. Adirondack Trust Co. purchased a new position in Amcor in the second quarter valued at $29,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Amcor in the second quarter valued at $33,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Robert W. Baird decreased their price target on Amcor from $11.00 to $10.00 and set a "neutral" rating for the company in a report on Friday, August 15th. Truist Financial set a $11.00 price target on Amcor and gave the stock a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group assumed coverage on Amcor in a report on Wednesday, September 10th. They set a "buy" rating for the company. UBS Group raised Amcor from a "neutral" rating to a "buy" rating in a report on Thursday, June 26th. Finally, Jefferies Financial Group assumed coverage on Amcor in a report on Wednesday, July 2nd. They set a "buy" rating and a $12.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.84.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 10,000 shares of the company's stock, valued at approximately $85,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is owned by company insiders.

Amcor Price Performance

Amcor stock opened at $8.14 on Friday. Amcor PLC has a fifty-two week low of $7.81 and a fifty-two week high of $11.33. 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 capitalization of $18.77 billion, a P/E ratio of 22.61, a PEG ratio of 1.16 and a beta of 0.73. The stock has a 50-day simple moving average of $8.38 and a 200-day simple moving average of $9.00.

Amcor (NYSE:AMCR - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share 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 firm had revenue of $5.08 billion during the quarter, compared to analysts' expectations of $5.18 billion. During the same period in the previous year, the firm posted $0.21 earnings per share. 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. Equities research analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor's payout ratio is presently 141.67%.

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.

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