Amcor PLC $AMCR Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lifted its holdings in shares of Amcor PLC (NYSE:AMCR) by 166.0% during the second quarter, Holdings Channel reports. The fund owned 37,723 shares of the company’s stock after purchasing an additional 23,539 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Amcor were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. State of Alaska Department of Revenue raised its position in shares of Amcor by 51.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company’s stock valued at $4,266,000 after purchasing an additional 158,082 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Amcor by 71.4% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,446,429 shares of the company’s stock worth $22,483,000 after buying an additional 1,019,306 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of Amcor by 54,855.7% in the second quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock worth $5,561,000 after buying an additional 603,961 shares during the last quarter. OneDigital Investment Advisors LLC acquired a new stake in Amcor in the first quarter valued at $121,000. Finally, Wedge Capital Management L L P NC boosted its stake in Amcor by 20.6% during the 2nd quarter. Wedge Capital Management L L P NC now owns 772,904 shares of the company’s stock valued at $7,103,000 after acquiring an additional 132,002 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Insider Buying and Selling at Amcor

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were bought 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 in the company, valued at approximately $85,500. This represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Amcor Price Performance

Shares of NYSE AMCR opened at $8.14 on Wednesday. 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 firm has a market capitalization of $18.75 billion, a PE ratio of 22.60, a P/E/G ratio of 1.16 and a beta of 0.73. Amcor PLC has a 1-year low of $7.81 and a 1-year high of $11.24. The business’s fifty day moving average price is $8.31 and its two-hundred day moving average price is $8.97.

Amcor (NYSE:AMCR) last released 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 firm had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same quarter in the prior year, the company posted $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. On average, research analysts expect that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company 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 annualized dividend and a dividend yield of 6.3%. Amcor’s dividend payout ratio (DPR) is presently 141.67%.

Analyst Ratings Changes

Several research analysts have weighed in on AMCR shares. Robert W. Baird decreased their price objective on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Wells Fargo & Company decreased their price target on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, October 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 report on Friday, October 10th. Jefferies Financial Group began coverage on Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price on the stock. Finally, Royal Bank Of Canada initiated coverage on Amcor in a report on Monday, September 22nd. They issued a “sector perform” rating for the company. Ten analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Amcor presently has a consensus rating of “Moderate Buy” and an average price target of $10.84.

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.