Nisa Investment Advisors LLC Has $1.94 Million Stock Position in Amcor PLC $AMCR

Nisa Investment Advisors LLC boosted its holdings in shares of Amcor PLC (NYSE:AMCR) by 19.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 211,409 shares of the company’s stock after buying an additional 33,983 shares during the period. Nisa Investment Advisors LLC’s holdings in Amcor were worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Wealthfront Advisers LLC raised its position in Amcor by 17.3% during the second quarter. Wealthfront Advisers LLC now owns 18,635 shares of the company’s stock valued at $171,000 after buying an additional 2,748 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Amcor during the second quarter valued at $8,112,000. Ingalls & Snyder LLC acquired a new position in Amcor during the second quarter valued at $718,000. Brighton Jones LLC acquired a new position in Amcor during the second quarter valued at $373,000. Finally, MQS Management LLC acquired a new position in Amcor in the 2nd quarter worth about $489,000. 45.14% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Amcor 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 price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Robert W. Baird dropped their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. The Goldman Sachs Group assumed coverage on Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating on the stock. 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. JPMorgan Chase & Co. assumed coverage on Amcor in a research report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price on the stock. Finally, Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price on the stock in a research report on Friday, October 10th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $10.84.

Amcor Stock Performance

AMCR opened at $7.84 on Friday. The company has a market cap of $18.06 billion, a PE ratio of 21.76, a price-to-earnings-growth ratio of 1.14 and a beta of 0.73. The stock has a 50-day moving average of $8.22 and a 200-day moving average of $8.93. Amcor PLC has a 52-week low of $7.81 and a 52-week high of $11.24. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21.

Amcor (NYSE:AMCR) last released its quarterly earnings results 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). The company 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%.The business’s revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio is 141.67%.

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.