Amcor PLC $AMCR Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC lowered its holdings in Amcor PLC (NYSE:AMCR) by 79.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,855 shares of the company’s stock after selling 102,107 shares during the period. Mizuho Markets Americas LLC’s holdings in Amcor were worth $238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Amcor by 5.3% in the second quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock valued at $190,000 after purchasing an additional 1,035 shares during the period. AlphaStar Capital Management LLC grew 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 valued at $490,000 after purchasing an additional 1,185 shares during the period. Koshinski Asset Management Inc. grew 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 valued at $132,000 after purchasing an additional 1,252 shares during the period. Private Trust Co. NA grew its position in shares of Amcor by 4.8% in the second quarter. Private Trust Co. NA now owns 28,611 shares of the company’s stock valued at $263,000 after purchasing an additional 1,310 shares during the period. Finally, ORG Partners LLC grew 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 valued at $98,000 after purchasing an additional 1,506 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is owned by insiders.

Amcor Price Performance

AMCR stock opened at $8.37 on Wednesday. The stock has a 50-day moving average price of $8.25 and a two-hundred day moving average price of $8.95. Amcor PLC has a 12-month low of $7.81 and a 12-month high of $11.24. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The company has a market cap of $19.28 billion, a PE ratio of 23.24, a price-to-earnings-growth ratio of 1.18 and a beta of 0.73.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share 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 company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period in the previous year, the company earned $0.21 EPS. Amcor’s quarterly 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, research analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a $0.1275 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 6.1%. Amcor’s dividend payout ratio is presently 141.67%.

Wall Street Analyst Weigh In

AMCR has been the subject of a number of recent analyst reports. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective for the company in a research report on Friday, October 10th. Wells Fargo & Company lowered their price objective on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Truist Financial set a $11.00 price target on Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. Robert W. Baird lowered their price target on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Finally, The Goldman Sachs Group initiated coverage on Amcor in a research report on Wednesday, September 10th. They set a “buy” rating for the company. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Amcor has a consensus rating of “Moderate Buy” and a consensus target price of $10.84.

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.