12,040 Shares in Amcor PLC $AMCR Bought by Fielder Capital Group LLC

Fielder Capital Group LLC acquired a new stake in shares of Amcor PLC (NYSE:AMCR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,040 shares of the company’s stock, valued at approximately $111,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AdvisorNet Financial Inc grew its position in Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after purchasing an additional 2,704 shares in the last quarter. HM Payson & Co. bought a new stake in Amcor during the 1st quarter worth about $30,000. Brentview Investment Management LLC acquired a new stake in shares of Amcor in the first quarter valued at about $31,000. Adirondack Trust Co. bought a new stake in Amcor during the second quarter worth about $29,000. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in Amcor during the second quarter valued at approximately $33,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

AMCR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 price target for the company. The Goldman Sachs Group started coverage on Amcor in a report on Wednesday, September 10th. They set a “buy” rating for the company. Jefferies Financial Group began coverage on shares of Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target on the stock. Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a “buy” rating in a research note on Friday, July 11th. Finally, Royal Bank Of Canada started coverage on shares of Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Amcor presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.84.

Amcor Stock Down 1.0%

AMCR stock opened at $8.15 on Friday. Amcor PLC has a 52 week low of $7.81 and a 52 week high of $11.24. The business has a 50-day simple moving average of $8.25 and a 200 day simple moving average of $8.96. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The company has a market cap of $18.78 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.16 and a beta of 0.73.

Amcor (NYSE:AMCR) last announced 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). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

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

Insider Activity

In other news, Director Stephen E. Sterrett bought 10,000 shares of Amcor stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, 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 the SEC website. 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.