40,873 Shares in Amcor PLC $AMCR Purchased by United Asset Strategies Inc.

United Asset Strategies Inc. acquired a new position in shares of Amcor PLC (NYSE:AMCR) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 40,873 shares of the company’s stock, valued at approximately $396,000.

A number of other hedge funds have also modified their holdings of AMCR. Vanguard Group Inc. grew its holdings in shares of Amcor by 15.5% during the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock worth $660,627,000 after buying an additional 9,119,308 shares in the last quarter. Nuveen LLC bought a new position in shares of Amcor during the first quarter worth about $37,522,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Amcor by 8.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock worth $483,367,000 after buying an additional 3,778,714 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Amcor during the fourth quarter worth about $31,485,000. Finally, Invesco Ltd. grew its holdings in shares of Amcor by 9.5% during the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock worth $323,149,000 after buying an additional 2,889,166 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost 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 in the company, valued at approximately $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

AMCR has been the subject of a number of research reports. Truist Financial set a $11.00 price objective on Amcor and gave the stock a “buy” rating in a report on Friday, July 11th. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Jefferies Financial Group initiated coverage on Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price objective for the company. Wells Fargo & Company increased their price objective on Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Finally, 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 research note on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $11.42.

Amcor Stock Up 0.8%

AMCR stock opened at $8.6360 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $9.37 and a two-hundred day moving average price of $9.48. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 1.12 and a beta of 0.74. Amcor PLC has a twelve month low of $8.37 and a twelve month high of $11.48.

Amcor (NYSE:AMCR) last posted 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). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date of this dividend is Friday, September 5th. Amcor’s dividend payout ratio (DPR) 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.