Ethic Inc. Increases Position in Amcor PLC $AMCR

Ethic Inc. raised its holdings in shares of Amcor PLC (NYSE:AMCR) by 88.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,139 shares of the company’s stock after buying an additional 109,245 shares during the period. Ethic Inc.’s holdings in Amcor were worth $2,133,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Amcor by 5.3% in the second quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock valued at $190,000 after purchasing an additional 1,035 shares during the period. AlphaStar Capital Management LLC boosted its holdings in shares of Amcor by 2.4% in the first quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company’s stock valued at $490,000 after purchasing an additional 1,185 shares during the period. Koshinski Asset Management Inc. boosted its holdings in shares of Amcor by 10.1% in the first quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company’s stock valued at $132,000 after purchasing an additional 1,252 shares during the period. Private Trust Co. NA boosted its holdings in shares of Amcor by 4.8% in the second quarter. Private Trust Co. NA now owns 28,611 shares of the company’s stock valued at $263,000 after purchasing an additional 1,310 shares during the period. Finally, ORG Partners LLC boosted its holdings in shares of Amcor by 17.2% in the second quarter. ORG Partners LLC now owns 10,262 shares of the company’s stock valued at $98,000 after purchasing an additional 1,506 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AMCR shares. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 price target for the company in a report on Friday, October 10th. JPMorgan Chase & Co. started coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price for the company. Royal Bank Of Canada started coverage on Amcor in a report on Monday, September 22nd. They set a “sector perform” rating for the company. Robert W. Baird lowered 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. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Friday. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.84.

Amcor Stock Down 1.0%

Amcor stock opened at $8.15 on Friday. The business has a fifty day moving average of $8.25 and a two-hundred day moving average of $8.96. 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 firm has a market cap of $18.78 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.17 and a beta of 0.73. Amcor PLC has a twelve month low of $7.81 and a twelve month high of $11.24.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The business’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.3%. Amcor’s dividend payout ratio is presently 141.67%.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the transaction, the director owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.32% 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.