Private Trust Co. NA Increases Holdings in Amcor PLC $AMCR

Private Trust Co. NA boosted its holdings in shares of Amcor PLC (NYSE:AMCR) by 4.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,611 shares of the company’s stock after purchasing an additional 1,310 shares during the period. Private Trust Co. NA’s holdings in Amcor were worth $263,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB raised its stake in Amcor by 83.9% in the second quarter. Nordea Investment Management AB now owns 130,971 shares of the company’s stock worth $1,206,000 after buying an additional 59,753 shares in the last quarter. New York State Teachers Retirement System raised its stake in Amcor by 35.1% in the second quarter. New York State Teachers Retirement System now owns 1,579,054 shares of the company’s stock worth $14,512,000 after buying an additional 409,944 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Amcor in the second quarter worth about $1,862,000. Curated Wealth Partners LLC bought a new position in Amcor in the second quarter worth about $3,970,000. Finally, Bayforest Capital Ltd raised its stake in Amcor by 39.3% in the second quarter. Bayforest Capital Ltd now owns 50,947 shares of the company’s stock worth $468,000 after buying an additional 14,376 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMCR. Wells Fargo & Company decreased their price target on shares of Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, October 15th. Truist Financial set a $11.00 target price on shares of Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Jefferies Financial Group initiated coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price for the company. Royal Bank Of Canada initiated coverage on shares of Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating for the company. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.84.

Amcor Price Performance

Shares of NYSE AMCR opened at $8.15 on Tuesday. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.16 and a beta of 0.73. 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 50 day simple moving average of $8.35 and a two-hundred day simple moving average of $8.98. Amcor PLC has a fifty-two week low of $7.81 and a fifty-two week high of $11.24.

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

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors 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 annualized dividend and a dividend yield of 6.3%. Amcor’s dividend payout ratio (DPR) is 141.67%.

Insider Buying and Selling at Amcor

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

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.