Swmg LLC Acquires New Position in Amcor PLC $AMCR

Swmg LLC acquired a new stake in Amcor PLC (NYSE:AMCR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,860 shares of the company’s stock, valued at approximately $162,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its holdings in Amcor by 51.6% in the second quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company’s stock valued at $4,266,000 after buying an additional 158,082 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Amcor by 71.4% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,446,429 shares of the company’s stock valued at $22,483,000 after buying an additional 1,019,306 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Amcor by 54,855.7% in the second quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock valued at $5,561,000 after buying an additional 603,961 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in Amcor in the first quarter valued at about $121,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Amcor by 16.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 1,256,497 shares of the company’s stock valued at $12,188,000 after buying an additional 175,731 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on AMCR shares. Royal Bank Of Canada started coverage on Amcor in a report on Monday, September 22nd. They set a “sector perform” rating for the company. 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 for the company. JPMorgan Chase & Co. started coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price for the company. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 target price for the company in a report on Friday, October 10th. Finally, Robert W. Baird lowered their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $10.84.

Amcor Stock Performance

Shares of AMCR stock opened at $8.14 on Friday. Amcor PLC has a 12-month low of $7.81 and a 12-month high of $11.33. The firm has a market capitalization of $18.77 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73. The business has a 50 day simple moving average of $8.38 and a 200 day simple moving average of $8.99. 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 (NYSE:AMCR) last issued its quarterly earnings data 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 return on equity of 19.43% and a net margin of 3.40%.The business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period last year, the company earned $0.21 earnings per share. The business’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. On average, equities research analysts anticipate that Amcor PLC will post 0.74 EPS for the current 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 given a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio is 141.67%.

Insiders Place Their Bets

In other news, Director Stephen E. Sterrett bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares of the company’s stock, 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 owned by company insiders.

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.