Public Employees Retirement System of Ohio Has $6.98 Million Stake in Amcor PLC $AMCR

Public Employees Retirement System of Ohio grew its holdings in Amcor PLC (NYSE:AMCR) by 71.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 759,397 shares of the company’s stock after buying an additional 316,506 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Amcor worth $6,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Amcor by 15.5% in the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after acquiring an additional 9,119,308 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Amcor by 8.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock worth $483,367,000 after purchasing an additional 3,778,714 shares during the period. Invesco Ltd. lifted its stake in Amcor by 9.5% in the 1st quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after acquiring an additional 2,889,166 shares in the last quarter. Wellington Management Group LLP boosted its position in Amcor by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock worth $297,860,000 after acquiring an additional 2,735,320 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Amcor by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock worth $186,142,000 after buying an additional 490,827 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AMCR. Jefferies Financial Group initiated coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 target price on the stock. The Goldman Sachs Group assumed coverage on Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price on the stock. Wells Fargo & Company increased their price target on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Finally, Truist Financial set a $11.00 price objective on shares of Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $11.21.

Amcor Stock Up 1.1%

AMCR stock opened at $8.06 on Monday. Amcor PLC has a 52 week low of $7.90 and a 52 week high of $11.48. The business has a 50-day simple moving average of $8.82 and a 200 day simple moving average of $9.15. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The company has a market cap of $11.65 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.05 and a beta of 0.72.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Amcor had a return on equity of 19.43% and a net margin of 3.40%.The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The company’s quarterly revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts anticipate that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $0.1275 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.3%. Amcor’s dividend payout ratio (DPR) is 141.67%.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett bought 10,000 shares of the firm’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 completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.32% of the stock is currently owned by corporate insiders.

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.