Amcor PLC $AMCR Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its position in shares of Amcor PLC (NYSE:AMCR) by 89.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,399 shares of the company’s stock after purchasing an additional 16,273 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Amcor were worth $316,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS lifted its stake in Amcor by 56.4% during the second quarter. KLP Kapitalforvaltning AS now owns 829,592 shares of the company’s stock worth $7,624,000 after purchasing an additional 299,200 shares in the last quarter. Foresight Capital Management Advisors Inc. lifted its stake in Amcor by 8.3% during the second quarter. Foresight Capital Management Advisors Inc. now owns 203,965 shares of the company’s stock worth $1,874,000 after purchasing an additional 15,580 shares in the last quarter. Prime Capital Investment Advisors LLC lifted its stake in Amcor by 6.8% during the second quarter. Prime Capital Investment Advisors LLC now owns 27,483 shares of the company’s stock worth $253,000 after purchasing an additional 1,757 shares in the last quarter. DAVENPORT & Co LLC lifted its stake in Amcor by 2.4% during the second quarter. DAVENPORT & Co LLC now owns 183,137 shares of the company’s stock worth $1,683,000 after purchasing an additional 4,375 shares in the last quarter. Finally, Keudell Morrison Wealth Management lifted its stake in Amcor by 10.7% during the second quarter. Keudell Morrison Wealth Management now owns 24,445 shares of the company’s stock worth $225,000 after purchasing an additional 2,366 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on AMCR. Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. JPMorgan Chase & Co. began coverage on Amcor in a report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Wells Fargo & Company lifted their target price on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, July 18th. Truist Financial set a $11.00 target price on Amcor and gave the company a “buy” rating in a report on Friday, July 11th. Finally, UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Ten research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.09.

Insiders Place Their Bets

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the purchase, the director directly owned 10,000 shares in the company, valued at approximately $85,500. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.32% of the stock is currently owned by corporate insiders.

Amcor Stock Up 1.6%

Amcor stock opened at $7.95 on Friday. Amcor PLC has a 1-year low of $7.81 and a 1-year high of $11.46. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market cap of $18.32 billion, a PE ratio of 22.07, a P/E/G ratio of 1.02 and a beta of 0.73. The stock’s fifty day moving average is $8.52 and its two-hundred day moving average is $9.05.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share 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 during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the prior year, the business earned $0.21 earnings per share. The firm’s quarterly 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, sell-side analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $0.1275 dividend. The ex-dividend date was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.4%. Amcor’s dividend payout ratio (DPR) is currently 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.