MassMutual Private Wealth & Trust FSB Boosts Stock Holdings in Amcor PLC $AMCR

MassMutual Private Wealth & Trust FSB raised its stake in Amcor PLC (NYSE:AMCR) by 37.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,002 shares of the company’s stock after buying an additional 1,638 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Amcor were worth $55,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in AMCR. Two Sigma Investments LP purchased a new position in Amcor in the fourth quarter valued at about $9,027,000. Vident Advisory LLC increased its holdings in Amcor by 3.1% in the fourth quarter. Vident Advisory LLC now owns 146,759 shares of the company’s stock valued at $1,381,000 after buying an additional 4,349 shares in the last quarter. Woodline Partners LP purchased a new position in Amcor in the fourth quarter valued at about $817,000. Voloridge Investment Management LLC purchased a new position in Amcor in the fourth quarter valued at about $4,765,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Amcor by 13.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,506,911 shares of the company’s stock valued at $70,640,000 after buying an additional 893,442 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AMCR. Robert W. Baird dropped their target price on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a report on Friday, August 15th. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Wells Fargo & Company increased their price target 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. The Goldman Sachs Group began coverage on shares of Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating on the stock. Finally, Truist Financial set a $11.00 price target on shares of Amcor and gave the company a “buy” rating in a research report on Friday, July 11th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Amcor has a consensus rating of “Moderate Buy” and an average price target of $11.21.

Amcor Stock Performance

Shares of AMCR stock opened at $8.27 on Friday. The company’s fifty day simple moving average is $8.96 and its 200-day simple moving average is $9.23. Amcor PLC has a 52 week low of $8.16 and a 52 week high of $11.48. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. The company has a market cap of $11.95 billion, a PE ratio of 22.97, a P/E/G ratio of 1.06 and a beta of 0.72.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The business had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period in the prior year, the business posted $0.21 EPS. The business’s revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities research analysts anticipate that Amcor PLC will post 0.74 EPS for the current 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 paid a dividend of $0.1275 per share. 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 payout ratio is 141.67%.

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.