Amcor PLC $AMCR Stake Boosted by FNY Investment Advisers LLC

FNY Investment Advisers LLC increased its position in shares of Amcor PLC (NYSE:AMCR) by 1,038.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 91,110 shares of the company’s stock after purchasing an additional 83,110 shares during the quarter. FNY Investment Advisers LLC’s holdings in Amcor were worth $837,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after buying an additional 2,704 shares during the last quarter. Adirondack Trust Co. bought a new stake in Amcor in the second quarter valued at $29,000. HM Payson & Co. bought a new stake in Amcor in the first quarter valued at $30,000. Brentview Investment Management LLC bought a new stake in Amcor in the first quarter valued at $31,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in Amcor in the second quarter valued at $33,000. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. assumed coverage on Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price on the stock. Jefferies Financial Group assumed coverage on Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 target price on the stock. Robert W. Baird cut their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. The Goldman Sachs Group assumed coverage on Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating on the stock. Finally, Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price on the stock in a research note on Friday, October 10th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $10.84.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.32% of the stock is currently owned by insiders.

Amcor Price Performance

Shares of NYSE AMCR opened at $8.14 on Wednesday. Amcor PLC has a fifty-two week low of $7.81 and a fifty-two week high of $11.24. The firm’s 50-day simple moving average is $8.31 and its 200 day simple moving average is $8.97. 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 $18.75 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.16 and a beta of 0.73.

Amcor (NYSE:AMCR) last issued its quarterly earnings data 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 company 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 firm earned $0.21 earnings per share. Amcor’s revenue for the quarter was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities analysts expect that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

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