174,988 Shares in Amcor PLC $AMCR Bought by Strs Ohio

Strs Ohio purchased a new position in shares of Amcor PLC (NYSE:AMCR) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 174,988 shares of the company’s stock, valued at approximately $1,697,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amcor by 2.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 247,624 shares of the company’s stock worth $2,323,000 after purchasing an additional 5,570 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of Amcor by 0.9% in the 4th quarter. Nuveen Asset Management LLC now owns 2,998,923 shares of the company’s stock worth $28,220,000 after purchasing an additional 27,406 shares during the last quarter. Man Group plc bought a new stake in shares of Amcor during the 4th quarter valued at about $2,462,000. Rafferty Asset Management LLC grew its position in shares of Amcor by 12.5% during the 4th quarter. Rafferty Asset Management LLC now owns 125,451 shares of the company’s stock valued at $1,180,000 after buying an additional 13,890 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Amcor during the 4th quarter valued at about $9,027,000. Institutional investors own 45.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Jefferies Financial Group initiated coverage on shares of Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price for the company. The Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday, September 10th. They set a “buy” rating for the company. Finally, Truist Financial set a $11.00 target price on shares of Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amcor has an average rating of “Moderate Buy” and a consensus price target of $11.42.

Amcor Stock Up 1.4%

AMCR stock opened at $8.40 on Wednesday. Amcor PLC has a 12 month low of $8.16 and a 12 month high of $11.48. The firm has a market cap of $12.14 billion, a PE ratio of 23.33, a P/E/G ratio of 1.07 and a beta of 0.72. The firm has a 50 day simple moving average of $9.05 and a 200 day simple moving average of $9.27. 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 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 firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm’s revenue was up 43.8% compared to the same quarter last year. During the same quarter last year, the company 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 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, September 5th will be given a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, September 5th. Amcor’s dividend payout ratio is 141.67%.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the purchase, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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.