12,563 Shares in Amcor PLC $AMCR Acquired by waypoint wealth counsel

waypoint wealth counsel bought a new position in Amcor PLC (NYSE:AMCR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 12,563 shares of the company’s stock, valued at approximately $115,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its holdings in Amcor by 839.8% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock worth $28,000 after purchasing an additional 2,704 shares during the last quarter. Rakuten Securities Inc. lifted its holdings in Amcor by 18,725.0% in the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after purchasing an additional 2,996 shares during the last quarter. Adirondack Trust Co. acquired a new stake in Amcor in the 2nd quarter worth approximately $29,000. HM Payson & Co. acquired a new stake in Amcor in the 1st quarter worth approximately $30,000. Finally, Brentview Investment Management LLC acquired a new stake in Amcor in the 1st quarter worth approximately $31,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMCR. Royal Bank Of Canada began coverage on Amcor in a report on Monday, September 22nd. They issued a “sector perform” rating for the company. Robert W. Baird cut 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. JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 price target for the company. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 price target for the company in a report on Friday. Finally, Truist Financial set a $11.00 price target on Amcor and gave the stock a “buy” rating in a report on Friday, July 11th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Amcor has a consensus rating of “Moderate Buy” and a consensus target price of $11.09.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Amcor Price Performance

Shares of AMCR stock opened at $7.95 on Monday. The stock’s fifty day moving average is $8.52 and its 200-day moving average is $9.04. 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 stock has a market capitalization of $18.32 billion, a PE ratio of 22.07, a PEG ratio of 1.13 and a beta of 0.73. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.46.

Amcor (NYSE:AMCR) last announced its 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 business had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.Amcor’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities research analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 6.4%. Amcor’s dividend payout ratio (DPR) is currently 141.67%.

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.