Thompson Investment Management Inc. Takes $209,000 Position in Amcor PLC $AMCR

Thompson Investment Management Inc. purchased a new stake in Amcor PLC (NYSE:AMCR) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,715 shares of the company’s stock, valued at approximately $209,000.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Amcor by 15.5% in the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after purchasing an additional 9,119,308 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Amcor by 8.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock valued at $483,367,000 after purchasing an additional 3,778,714 shares in the last quarter. Invesco Ltd. grew its position in shares of Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after purchasing an additional 2,889,166 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Amcor by 9.8% in the first quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock valued at $297,860,000 after purchasing an additional 2,735,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Amcor by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock valued at $186,142,000 after purchasing an additional 490,827 shares in the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMCR shares. Robert W. Baird lowered their price objective on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Truist Financial set a $11.00 price objective on Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada started coverage on Amcor in a research report on Monday, September 22nd. They issued a “sector perform” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research report on Wednesday. Finally, UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average target price of $11.09.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost 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 in the company, valued at approximately $85,500. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.32% of the company’s stock.

Amcor Trading Up 1.6%

AMCR opened at $7.95 on Friday. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.46. The business has a fifty day simple moving average of $8.52 and a 200-day simple moving average of $9.05. The firm has a market cap of $18.32 billion, a P/E ratio of 22.07, a P/E/G ratio of 1.02 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company’s quarterly revenue was up 43.8% on a year-over-year basis. 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. On average, equities analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

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