Curbstone Financial Management Corp Sells 4,590 Shares of Amcor PLC $AMCR

Curbstone Financial Management Corp lowered its position in Amcor PLC (NYSE:AMCR) by 7.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 59,768 shares of the company’s stock after selling 4,590 shares during the quarter. Curbstone Financial Management Corp’s holdings in Amcor were worth $549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of AMCR. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Amcor by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company’s stock worth $12,188,000 after acquiring an additional 175,731 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Amcor by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 306,211 shares of the company’s stock worth $2,969,000 after acquiring an additional 4,430 shares during the period. ORG Wealth Partners LLC grew its holdings in shares of Amcor by 199.4% in the first quarter. ORG Wealth Partners LLC now owns 9,326 shares of the company’s stock worth $91,000 after acquiring an additional 6,211 shares during the period. ORG Partners LLC grew its holdings in shares of Amcor by 1,623.6% in the first quarter. ORG Partners LLC now owns 8,756 shares of the company’s stock worth $85,000 after acquiring an additional 8,248 shares during the period. Finally, Good Steward Wealth Advisors LLC bought a new stake in shares of Amcor in the first quarter worth $151,000. Institutional investors own 45.14% of the company’s stock.

Insider Activity at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, for a total transaction 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. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective for the company in a report on Friday, October 10th. The Goldman Sachs Group started coverage on Amcor in a research report on Wednesday, September 10th. They set a “buy” rating on the stock. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada started coverage on Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating on the stock. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.84.

Amcor Price Performance

Shares of Amcor stock opened at $8.14 on Friday. The stock’s 50-day simple moving average is $8.38 and its 200-day simple moving average is $8.99. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.33. The company has a market capitalization of $18.77 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.16 and a beta of 0.73. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the previous year, the firm earned $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, analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Friday, September 5th. Amcor’s payout ratio is presently 141.67%.

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.