Hantz Financial Services Inc. Purchases 10,307 Shares of Amcor PLC $AMCR

Hantz Financial Services Inc. lifted its position in Amcor PLC (NYSE:AMCR) by 1,209.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,159 shares of the company’s stock after acquiring an additional 10,307 shares during the period. Hantz Financial Services Inc.’s holdings in Amcor were worth $103,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AMCR. AdvisorNet Financial Inc raised its position in shares of 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 acquiring an additional 2,704 shares in the last quarter. Adirondack Trust Co. bought a new position in shares of Amcor in the 2nd quarter worth approximately $29,000. HM Payson & Co. bought a new position in Amcor during the 1st quarter valued at approximately $30,000. Brentview Investment Management LLC bought a new position in Amcor during the 1st quarter valued at approximately $31,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in Amcor during the 2nd quarter valued at approximately $33,000. Institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AMCR shares. Wells Fargo & Company reduced 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. Royal Bank Of Canada started coverage on Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating for the company. Robert W. Baird reduced 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, October 8th. Finally, Truist Financial set a $11.00 price objective on Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $10.84.

Insider Activity

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost 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 approximately $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by company insiders.

Amcor Stock Performance

Shares of AMCR opened at $7.86 on Tuesday. The business’s fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $8.91. 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 12 month low of $7.66 and a 12 month high of $10.70. The company has a market cap of $18.11 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.14 and a beta of 0.73.

Amcor (NYSE:AMCR) last issued 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). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business 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. The business’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 anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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