Parcion Private Wealth LLC Invests $148,000 in Amcor PLC $AMCR

Parcion Private Wealth LLC bought a new position in shares of Amcor PLC (NYSE:AMCR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 16,057 shares of the company’s stock, valued at approximately $148,000.

A number of other institutional investors also recently modified their holdings of AMCR. Vanguard Group Inc. raised its position in shares of Amcor by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock worth $660,627,000 after acquiring an additional 9,119,308 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Amcor by 8.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock worth $483,367,000 after purchasing an additional 3,778,714 shares in the last quarter. Invesco Ltd. lifted its stake in Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after buying an additional 2,889,166 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Amcor by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock worth $297,860,000 after buying an additional 2,735,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Amcor by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock worth $186,142,000 after buying an additional 490,827 shares during the period. 45.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction on Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the transaction, the director owned 10,000 shares in the company, valued at $85,500. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMCR shares. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Royal Bank Of Canada initiated coverage on shares of Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating on the stock. Robert W. Baird decreased their price objective on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. 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 note on Friday, October 10th. Finally, Wells Fargo & Company cut their target price on Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 15th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.84.

Amcor Price Performance

Amcor stock opened at $8.24 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock has a market cap of $18.98 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 1.16 and a beta of 0.73. The business has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $8.96. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.24.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $5.18 billion. During the same quarter in the previous year, the business earned $0.21 earnings per share. The firm’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. On average, research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $0.1275 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.2%. Amcor’s dividend payout ratio (DPR) is presently 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.