Amcor PLC $AMCR Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lessened its stake in Amcor PLC (NYSE:AMCR) by 39.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,875 shares of the company’s stock after selling 13,000 shares during the period. Focus Financial Network Inc.’s holdings in Amcor were worth $183,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AMCR. Two Sigma Investments LP acquired a new position in Amcor in the 4th quarter valued at about $9,027,000. Woodline Partners LP acquired a new position in Amcor in the 4th quarter valued at about $817,000. Voloridge Investment Management LLC acquired a new position in Amcor in the 4th quarter valued at about $4,765,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Amcor by 13.5% in the 4th 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 acquiring an additional 893,442 shares during the period. Finally, GTS Securities LLC increased its position in Amcor by 33.9% during the 4th quarter. GTS Securities LLC now owns 23,995 shares of the company’s stock worth $226,000 after purchasing an additional 6,074 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen E. Sterrett bought 10,000 shares of the 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 acquisition, the director owned 10,000 shares in the company, valued at $85,500. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Amcor Price Performance

Shares of NYSE:AMCR opened at $8.27 on Monday. The business’s fifty day moving average price is $8.96 and its two-hundred day moving average price is $9.22. The stock has a market cap of $11.95 billion, a PE ratio of 22.97, a price-to-earnings-growth ratio of 1.06 and a beta of 0.72. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. Amcor PLC has a one year low of $8.16 and a one year high of $11.48.

Amcor (NYSE:AMCR) last announced 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 for the quarter, compared to analyst estimates of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. Amcor’s quarterly 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. On average, analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.1275 per share. 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 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.