Intech Investment Management LLC Lowers Stock Holdings in Amcor PLC $AMCR

Intech Investment Management LLC decreased its position in shares of Amcor PLC (NYSE:AMCR) by 54.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 234,913 shares of the company’s stock after selling 286,409 shares during the period. Intech Investment Management LLC’s holdings in Amcor were worth $2,279,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMCR. Rakuten Securities Inc. increased its holdings in shares of Amcor by 18,725.0% in 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. HM Payson & Co. purchased a new position in shares of Amcor in the first quarter worth about $30,000. Brentview Investment Management LLC purchased a new position in shares of Amcor in the first quarter worth about $31,000. CVA Family Office LLC increased its holdings in shares of Amcor by 234.1% in the first quarter. CVA Family Office LLC now owns 3,254 shares of the company’s stock worth $32,000 after buying an additional 2,280 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new position in shares of Amcor in the first quarter worth about $36,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Ratings Changes

AMCR has been the topic of several analyst reports. Wells Fargo & Company lifted their price objective on Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. Truist Financial set a $11.00 target price on Amcor and gave the stock a “buy” rating in a research note on Friday, July 11th. UBS Group raised Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Jefferies Financial Group started coverage on Amcor in a research note on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Robert W. Baird cut their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $11.42.

Amcor Trading Down 0.1%

NYSE:AMCR opened at $8.27 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71. The firm has a market capitalization of $11.95 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 1.07 and a beta of 0.72. Amcor PLC has a one year low of $8.16 and a one year high of $11.48. The business has a fifty day moving average price of $9.08 and a 200-day moving average price of $9.27.

Amcor (NYSE:AMCR) last posted its quarterly earnings data 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%.The company’s revenue for the quarter was up 43.8% on a year-over-year basis. During the same quarter last year, the company earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be issued a $0.1275 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.2%. Amcor’s dividend payout ratio is currently 141.67%.

Insiders Place Their Bets

In other news, Director Stephen E. Sterrett bought 10,000 shares of the company’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 of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

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.