52,925 Shares in Amcor PLC $AMCR Acquired by Fractal Investments LLC

Fractal Investments LLC purchased a new position in Amcor PLC (NYSE:AMCR) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 52,925 shares of the company’s stock, valued at approximately $486,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Amcor by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 247,624 shares of the company’s stock worth $2,323,000 after buying an additional 5,570 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in Amcor by 20.3% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 60,408 shares of the company’s stock worth $568,000 after buying an additional 10,184 shares during the period. Nuveen Asset Management LLC increased its holdings in Amcor by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,998,923 shares of the company’s stock worth $28,220,000 after buying an additional 27,406 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in Amcor by 1.3% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 236,808 shares of the company’s stock worth $2,235,000 after buying an additional 2,968 shares during the period. Finally, Man Group plc acquired a new position in Amcor in the 4th quarter worth approximately $2,462,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Trading Down 0.7%

Shares of AMCR stock opened at $8.27 on Friday. Amcor PLC has a fifty-two week low of $8.16 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The stock’s fifty day moving average is $9.11 and its two-hundred day moving average is $9.29. The firm has a market capitalization of $11.95 billion, a P/E ratio of 22.97, a PEG ratio of 1.07 and a beta of 0.72.

Amcor (NYSE:AMCR) last posted its quarterly 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 return on equity of 19.43% and a net margin of 3.40%.The company 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 firm earned $0.21 EPS. 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. Research analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Friday, September 5th will be issued a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, September 5th. Amcor’s payout ratio is currently 141.67%.

Wall Street Analysts Forecast Growth

AMCR has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Amcor in a report on Wednesday. They issued a “buy” rating on the stock. Wells Fargo & Company raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Robert W. Baird dropped their price objective on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $11.42.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased 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 of the company’s stock, valued at $85,500. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.60% of the company’s stock.

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.