Sagespring Wealth Partners LLC Acquires Shares of 16,009 Amcor PLC $AMCR

Sagespring Wealth Partners LLC acquired a new stake in shares of Amcor PLC (NYSE:AMCR) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 16,009 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Amcor by 15.5% during the 1st quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after buying an additional 9,119,308 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Amcor by 8.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock valued at $483,367,000 after buying an additional 3,778,714 shares during the last quarter. Invesco Ltd. raised its stake in shares of Amcor by 9.5% during the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after buying an additional 2,889,166 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Amcor by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock valued at $297,860,000 after buying an additional 2,735,320 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Amcor by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock valued at $186,142,000 after buying an additional 490,827 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. Royal Bank Of Canada initiated coverage on Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating for the company. Jefferies Financial Group assumed coverage on Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target for the company. Finally, JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They issued an “overweight” rating and a $10.00 price objective on the stock. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.84.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ? increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

Amcor Stock Performance

AMCR stock opened at $8.14 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Amcor PLC has a 12-month low of $7.81 and a 12-month high of $11.33. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.16 and a beta of 0.73. The business’s 50-day moving average is $8.38 and its 200 day moving average is $8.99.

Amcor (NYSE:AMCR) last issued its 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 company 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 company’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, sell-side analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

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

About Amcor

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.