Amcor PLC $AMCR Shares Sold by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd cut its stake in Amcor PLC (NYSE:AMCR) by 20.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 572,888 shares of the company’s stock after selling 150,000 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Amcor were worth $5,265,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Farther Finance Advisors LLC lifted its stake in Amcor by 5.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock valued at $190,000 after acquiring an additional 1,035 shares during the period. AlphaStar Capital Management LLC lifted its stake in Amcor by 2.4% during the 1st quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company’s stock valued at $490,000 after acquiring an additional 1,185 shares during the period. Koshinski Asset Management Inc. lifted its stake in Amcor by 10.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company’s stock valued at $132,000 after acquiring an additional 1,252 shares during the period. Private Trust Co. NA lifted its stake in Amcor by 4.8% during the 2nd quarter. Private Trust Co. NA now owns 28,611 shares of the company’s stock valued at $263,000 after acquiring an additional 1,310 shares during the period. Finally, ORG Partners LLC lifted its stake in Amcor by 17.2% during the 2nd quarter. ORG Partners LLC now owns 10,262 shares of the company’s stock valued at $98,000 after acquiring an additional 1,506 shares during the period. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMCR has been the subject of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Friday. Stifel Nicolaus upgraded shares of Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective for the company in a research note on Friday, October 10th. The Goldman Sachs Group assumed coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a “buy” rating for the company. Royal Bank Of Canada assumed coverage on shares of Amcor in a report on Monday, September 22nd. They set a “sector perform” rating for the company. Finally, Wells Fargo & Company cut their target price on shares of Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a report on Wednesday, October 15th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $10.84.

Amcor Price Performance

NYSE:AMCR opened at $8.15 on Monday. The firm has a market cap of $18.78 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73. The company has a 50 day moving average price of $8.25 and a 200-day moving average price of $8.96. 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 1-year low of $7.81 and a 1-year high of $11.24.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 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 analysts’ expectations of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.Amcor’s revenue was up 43.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities research analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were issued a $0.1275 dividend. 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 presently 141.67%.

Insider Buying and Selling

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the business’s 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 acquisition, the director owned 10,000 shares in the company, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.32% of the company’s stock.

Amcor Company 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.