LGT Fund Management Co Ltd. Takes Position in Amcor PLC $AMCR

LGT Fund Management Co Ltd. acquired a new stake in shares of Amcor PLC (NYSE:AMCR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 14,761 shares of the company’s stock, valued at approximately $136,000.

Other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in shares of Amcor by 839.8% during the 2nd 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 period. Rakuten Securities Inc. lifted its holdings in shares of Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock valued at $29,000 after acquiring an additional 2,996 shares in the last quarter. Adirondack Trust Co. acquired a new position in shares of Amcor during the 2nd quarter valued at $29,000. HM Payson & Co. acquired a new position in shares of Amcor during the 1st quarter valued at $30,000. Finally, Brentview Investment Management LLC acquired a new position in shares of Amcor during the 1st quarter valued at $31,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AMCR has been the topic of several recent research reports. Royal Bank Of Canada initiated coverage on shares of Amcor in a report on Monday, September 22nd. They set a “sector perform” rating on the stock. Jefferies Financial Group initiated coverage on shares of Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Saturday, September 27th. JPMorgan Chase & Co. initiated coverage on shares of Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price on the stock. Finally, UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Nine investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.21.

Amcor Stock Performance

Shares of AMCR stock opened at $8.17 on Friday. Amcor PLC has a 12 month low of $7.90 and a 12 month high of $11.46. 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 $11.80 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.07 and a beta of 0.73. The company’s fifty day moving average price is $8.67 and its two-hundred day moving average price is $9.10.

Amcor (NYSE:AMCR) last issued its 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 company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, research analysts anticipate that Amcor PLC will post 0.74 earnings per share 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 paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio is 141.67%.

Insider Activity

In related news, Director Stephen E. Sterrett bought 10,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director owned 10,000 shares in the company, valued at $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 this link. Company insiders own 0.32% of the company’s stock.

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.