12,115 Shares in Amcor PLC $AMCR Acquired by Secured Retirement Advisors LLC

Secured Retirement Advisors LLC bought a new position in shares of Amcor PLC (NYSE:AMCR) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 12,115 shares of the company’s stock, valued at approximately $111,000.

A number of other large investors have also recently added to or reduced their stakes in the business. CX Institutional acquired a new position in Amcor in the 1st quarter worth approximately $111,000. SG Americas Securities LLC boosted its stake in Amcor by 174.3% in the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company’s stock worth $1,455,000 after purchasing an additional 95,314 shares during the period. State of Alaska Department of Revenue boosted its stake in Amcor by 51.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company’s stock worth $4,266,000 after purchasing an additional 158,082 shares during the period. Sound Income Strategies LLC boosted its stake in Amcor by 54,855.7% in the 2nd quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock worth $5,561,000 after purchasing an additional 603,961 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Amcor by 71.4% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,446,429 shares of the company’s stock worth $22,483,000 after purchasing an additional 1,019,306 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Jefferies Financial Group assumed coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating for the company. Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a “buy” rating in a research note on Friday, July 11th. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amcor presently has a consensus rating of “Moderate Buy” and an average target price of $11.21.

Amcor Stock Down 1.4%

AMCR stock opened at $7.96 on Wednesday. Amcor PLC has a 12-month low of $7.90 and a 12-month high of $11.46. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The company has a market cap of $18.34 billion, a price-to-earnings ratio of 22.10, a PEG ratio of 1.06 and a beta of 0.73. The company has a 50 day moving average of $8.60 and a two-hundred day moving average of $9.08.

Amcor (NYSE:AMCR) last released 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 business had revenue of $5.08 billion for 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 posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a dividend of $0.1275 per share. The ex-dividend date was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s dividend payout ratio (DPR) is currently 141.67%.

Insider Buying and Selling at Amcor

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the acquisition, the director owned 10,000 shares of the company’s stock, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Amcor Company 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.