HUB Investment Partners LLC Purchases Shares of 16,452 Amcor PLC $AMCR

HUB Investment Partners LLC acquired a new stake in Amcor PLC (NYSE:AMCR) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 16,452 shares of the company’s stock, valued at approximately $135,000.

A number of other large investors have also recently made changes to their positions in AMCR. State Street Corp raised its holdings in Amcor by 41.4% in the second quarter. State Street Corp now owns 129,701,986 shares of the company’s stock valued at $1,191,961,000 after acquiring an additional 37,982,310 shares in the last quarter. Vanguard Group Inc. grew its holdings in Amcor by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock worth $911,991,000 after acquiring an additional 1,262,294 shares in the last quarter. M&G PLC increased its position in shares of Amcor by 26.6% in the 3rd quarter. M&G PLC now owns 108,333,984 shares of the company’s stock valued at $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Amcor by 62.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock valued at $742,279,000 after purchasing an additional 30,938,660 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Amcor by 55.3% in the 2nd quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company’s stock valued at $538,551,000 after purchasing an additional 20,946,520 shares in the last quarter. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AMCR shares. Citigroup reiterated a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Truist Financial raised their price target on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Wednesday, January 28th. Wells Fargo & Company increased their price objective on Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Robert W. Baird set a $54.00 target price on Amcor in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Amcor currently has a consensus rating of “Moderate Buy” and an average price target of $52.88.

Amcor Stock Up 1.0%

Shares of NYSE AMCR traded up $0.42 during mid-day trading on Friday, reaching $40.75. The company had a trading volume of 544,388 shares, compared to its average volume of 5,850,542. The firm has a 50 day simple moving average of $45.51 and a two-hundred day simple moving average of $42.80. Amcor PLC has a 52-week low of $38.33 and a 52-week high of $50.94. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. The stock has a market cap of $18.83 billion, a P/E ratio of 26.50, a PEG ratio of 0.99 and a beta of 0.65.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. Amcor’s quarterly revenue was up 68.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Sell-side analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th will be given a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s dividend payout ratio is 169.93%.

Amcor Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.