4,709 Shares in Amcor PLC $AMCR Acquired by LRI Investments LLC

LRI Investments LLC acquired a new stake in Amcor PLC (NYSE:AMCR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,709 shares of the company’s stock, valued at approximately $43,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Amcor by 15.5% in the 1st 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in Amcor by 8.2% in the 1st 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 during the last quarter. Invesco Ltd. raised its position in Amcor by 9.5% in the 1st 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 during the last quarter. Wellington Management Group LLP raised its position in Amcor by 9.8% in the 1st 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Amcor by 2.6% in the 1st 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 during the last quarter. Institutional investors own 45.14% of the company’s stock.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the purchase, the director 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 legal filing with the SEC, which is available at the SEC website. Insiders own 0.32% of the company’s stock.

Amcor Stock Up 0.8%

Shares of Amcor stock opened at $8.00 on Tuesday. 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 PLC has a 12 month low of $7.81 and a 12 month high of $11.46. The business has a fifty day simple moving average of $8.49 and a 200 day simple moving average of $9.03. The stock has a market cap of $18.43 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.13 and a beta of 0.73.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same period last year, the firm earned $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. Research analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s payout ratio is presently 141.67%.

Analyst Ratings Changes

Several equities analysts have issued reports on AMCR shares. Robert W. Baird cut 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. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price for the company in a research report on Friday. JPMorgan Chase & Co. started coverage on Amcor in a research report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price for the company. The Goldman Sachs Group started coverage on Amcor in a research report on Wednesday, September 10th. They set a “buy” rating for the company. Finally, Jefferies Financial Group started coverage on Amcor in a research report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price for the company. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Amcor has an average rating of “Moderate Buy” and an average target price of $11.09.

About Amcor

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.