Signal Advisors Wealth LLC Invests $180,000 in Amcor PLC $AMCR

Signal Advisors Wealth LLC purchased a new stake in Amcor PLC (NYSE:AMCR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 19,597 shares of the company’s stock, valued at approximately $180,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Sivia Capital Partners LLC bought a new position in Amcor in the second quarter valued at approximately $138,000. Central Valley Advisors LLC bought a new position in Amcor in the second quarter valued at approximately $1,377,000. Procyon Advisors LLC lifted its stake in Amcor by 78.0% in the second quarter. Procyon Advisors LLC now owns 27,866 shares of the company’s stock valued at $256,000 after buying an additional 12,212 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in Amcor in the second quarter valued at approximately $757,000. Finally, Czech National Bank lifted its stake in Amcor by 68.7% in the second quarter. Czech National Bank now owns 560,104 shares of the company’s stock valued at $5,147,000 after buying an additional 228,131 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Analysts Set New Price Targets

AMCR has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on shares of Amcor in a research note on Wednesday, September 10th. They issued a “buy” rating on the stock. Wells Fargo & Company lifted their price objective on shares of Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, July 18th. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Jefferies Financial Group assumed coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Amcor in a report on Friday. They issued an “overweight” rating and a $10.00 price objective on the stock. Nine research 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 $11.21.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, for a total transaction of $85,500.00. Following the acquisition, the director directly owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

Amcor Stock Down 0.5%

AMCR stock opened at $8.27 on Friday. The stock has a market capitalization of $11.95 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18. Amcor PLC has a 12 month low of $8.16 and a 12 month high of $11.48. The firm has a 50-day moving average price of $8.96 and a 200-day moving average price of $9.23.

Amcor (NYSE:AMCR) last posted 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). The company had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm’s revenue was up 43.8% compared to the same quarter last year. During the same period last year, the company posted $0.21 EPS. 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 fiscal year.

Amcor Announces Dividend

The firm also recently disclosed 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. This represents a $0.51 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date is Friday, September 5th. Amcor’s dividend payout ratio (DPR) is 141.67%.

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.