Arista Wealth Management LLC Takes Position in Amcor PLC $AMCR

Arista Wealth Management LLC purchased a new stake in shares of Amcor PLC (NYSE:AMCR) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 12,114 shares of the company’s stock, valued at approximately $111,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Amcor by 15.5% during the first 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 holdings in Amcor by 8.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock worth $483,367,000 after purchasing an additional 3,778,714 shares in the last quarter. Invesco Ltd. raised its holdings in Amcor by 9.5% during the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock worth $323,149,000 after purchasing an additional 2,889,166 shares in the last quarter. Wellington Management Group LLP raised its holdings in Amcor by 9.8% during the first quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock worth $297,860,000 after purchasing an additional 2,735,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Amcor by 2.6% during the first quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock worth $186,142,000 after purchasing an additional 490,827 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AMCR. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. The Goldman Sachs Group began coverage on Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. Wells Fargo & Company dropped their target price on Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a report on Wednesday. JPMorgan Chase & Co. began coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price on the stock. Finally, Jefferies Financial Group started coverage on Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price on the stock. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $10.84.

Amcor Price Performance

NYSE AMCR opened at $8.14 on Friday. The stock has a market capitalization of $18.77 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.16 and a beta of 0.73. Amcor PLC has a 1 year low of $7.81 and a 1 year high of $11.33. The business’s fifty day moving average is $8.38 and its two-hundred day moving average is $9.00. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $5.08 billion during 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 quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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

Insider Activity

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was acquired 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 in the company, valued at approximately $85,500. This represents a ∞ increase in their position. The purchase 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 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.