Amcor PLC $AMCR Stock Position Raised by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Amcor PLC (NYSE:AMCR) by 105.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 175,269 shares of the company’s stock after acquiring an additional 90,022 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Amcor were worth $1,611,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in shares of Amcor by 5.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock worth $190,000 after acquiring an additional 1,035 shares in the last quarter. AlphaStar Capital Management LLC boosted its position in shares of Amcor by 2.4% in the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company’s stock worth $490,000 after buying an additional 1,185 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Amcor by 10.1% in the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company’s stock worth $132,000 after buying an additional 1,252 shares during the period. Private Trust Co. NA boosted its position in shares of Amcor by 5.1% in the first quarter. Private Trust Co. NA now owns 27,301 shares of the company’s stock worth $265,000 after buying an additional 1,315 shares during the period. Finally, ORG Partners LLC boosted its position in shares of Amcor by 17.2% in the second quarter. ORG Partners LLC now owns 10,262 shares of the company’s stock worth $98,000 after buying an additional 1,506 shares during the period. 45.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought 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 directly owned 10,000 shares in the company, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Amcor Price Performance

Shares of NYSE:AMCR opened at $8.14 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Amcor PLC has a 1 year low of $7.81 and a 1 year high of $11.33. The business has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $9.00. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 22.61, a P/E/G ratio of 1.16 and a beta of 0.73.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm had revenue of $5.08 billion for the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the prior year, the business posted $0.21 earnings per share. Amcor’s revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, sell-side analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio (DPR) is 141.67%.

Wall Street Analyst Weigh In

AMCR has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Amcor in a research report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 target price for the company. Stifel Nicolaus raised 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, October 10th. Truist Financial set a $11.00 target price on Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, October 8th. Finally, Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Ten investment 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $10.84.

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.