53,247 Shares in Amcor PLC $AMCR Acquired by MQS Management LLC

MQS Management LLC acquired a new position in Amcor PLC (NYSE:AMCR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 53,247 shares of the company’s stock, valued at approximately $489,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its holdings in shares of Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock worth $28,000 after buying an additional 2,704 shares during the last quarter. Adirondack Trust Co. purchased a new position in shares of Amcor in the second quarter worth approximately $29,000. HM Payson & Co. purchased a new position in shares of Amcor in the first quarter worth approximately $30,000. Brentview Investment Management LLC purchased a new position in shares of Amcor in the first quarter worth approximately $31,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Amcor in the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Insider Activity at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director owned 10,000 shares of the company’s stock, valued at $85,500. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.32% of the company’s stock.

Amcor Price Performance

AMCR stock opened at $8.15 on Friday. Amcor PLC has a one year low of $7.81 and a one year high of $11.24. The company’s fifty day moving average price is $8.25 and its 200-day moving average price is $8.96. 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 company has a market capitalization of $18.78 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73.

Amcor (NYSE:AMCR) last released 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 return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period last year, the firm posted $0.21 EPS. Amcor’s quarterly revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMCR shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a report on Friday. Stifel Nicolaus raised shares of Amcor from a “hold” rating to a “buy” rating and set a $10.20 price target on the stock in a report on Friday, October 10th. Truist Financial set a $11.00 price target on shares of Amcor and gave the company a “buy” rating in a report on Friday, July 11th. Wells Fargo & Company lowered their price target on shares of Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday, October 15th. Finally, JPMorgan Chase & Co. started coverage on shares of Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 price target on the stock. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amcor presently has an average rating of “Moderate Buy” and a consensus price target of $10.84.

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.