558,157 Shares in Amcor PLC $AMCR Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new position in shares of Amcor PLC (NYSE:AMCR) during the 2nd quarter, Holdings Channel.com reports. The firm bought 558,157 shares of the company’s stock, valued at approximately $5,129,000.

Other large investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after buying an additional 2,996 shares during the period. AdvisorNet Financial Inc lifted its position in Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock worth $28,000 after buying an additional 2,704 shares during the period. HM Payson & Co. purchased a new position in Amcor during the first quarter worth about $30,000. Brentview Investment Management LLC purchased a new position in Amcor during the first quarter worth about $31,000. Finally, Adirondack Trust Co. purchased a new position in Amcor during the second quarter worth about $29,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Performance

Shares of NYSE:AMCR opened at $7.97 on Thursday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. Amcor PLC has a 12 month low of $7.90 and a 12 month high of $11.46. The firm has a market capitalization of $18.37 billion, a PE ratio of 22.14, a P/E/G ratio of 1.04 and a beta of 0.73. The business has a 50-day moving average of $8.57 and a two-hundred day moving average of $9.07.

Amcor (NYSE:AMCR) last posted 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). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the business posted $0.21 EPS. Amcor’s quarterly revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current 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. The ex-dividend date was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s dividend payout ratio (DPR) is 141.67%.

Insider Activity

In related news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the purchase, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AMCR. Robert W. Baird reduced their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Truist Financial set a $11.00 price target on Amcor and gave the stock a “buy” rating in a research note on Friday, July 11th. Royal Bank Of Canada started coverage on Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating for the company. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday. Finally, Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price target for the company. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $11.21.

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.