Janney Montgomery Scott LLC Increases Holdings in Amcor PLC $AMCR

Janney Montgomery Scott LLC increased its stake in shares of Amcor PLC (NYSE:AMCR) by 5.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,270,245 shares of the company’s stock after buying an additional 64,396 shares during the quarter. Janney Montgomery Scott LLC owned about 0.09% of Amcor worth $11,674,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AMCR. AdvisorNet Financial Inc increased its stake in Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock worth $28,000 after acquiring an additional 2,704 shares during the last quarter. Rakuten Securities Inc. increased its stake in Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after acquiring an additional 2,996 shares during the last quarter. Adirondack Trust Co. acquired a new stake in Amcor during the second quarter worth $29,000. HM Payson & Co. acquired a new stake in Amcor during the first quarter worth $30,000. Finally, Brentview Investment Management LLC acquired a new stake in Amcor during the first quarter worth $31,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Trading Down 0.8%

Shares of NYSE AMCR opened at $8.17 on Friday. Amcor PLC has a twelve month low of $7.90 and a twelve month high of $11.46. 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 stock has a fifty day simple moving average of $8.67 and a 200-day simple moving average of $9.11. The stock has a market capitalization of $11.80 billion, a PE ratio of 22.68, a PEG ratio of 1.08 and a beta of 0.73.

Amcor (NYSE:AMCR) last released its 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 company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.The company’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s payout ratio is presently 141.67%.

Insider Buying and Selling

In related news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director directly owned 10,000 shares in the company, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Amcor in a research note on Wednesday, September 10th. They set a “buy” rating for the company. Robert W. Baird cut their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research note on Saturday, September 27th. JPMorgan Chase & Co. began coverage on Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 target price for the company. Finally, Royal Bank Of Canada began coverage on Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating for the company. Nine research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.21.

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.