Signaturefd LLC Has $74,000 Stock Position in Amcor PLC $AMCR

Signaturefd LLC boosted its stake in shares of Amcor PLC (NYSE:AMCR) by 164.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,012 shares of the company’s stock after buying an additional 4,977 shares during the period. Signaturefd LLC’s holdings in Amcor were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMCR. Rakuten Securities Inc. raised its holdings in shares of Amcor by 18,725.0% during the first quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock valued at $29,000 after acquiring an additional 2,996 shares during the period. AdvisorNet Financial Inc grew its position in Amcor by 839.8% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock worth $28,000 after purchasing an additional 2,704 shares in the last quarter. HM Payson & Co. acquired a new stake in Amcor during the 1st quarter valued at $30,000. Brentview Investment Management LLC acquired a new stake in shares of Amcor in the first quarter worth $31,000. Finally, Adirondack Trust Co. acquired a new stake in shares of Amcor in the second quarter worth $29,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Stock Performance

Shares of AMCR opened at $8.17 on Monday. The firm has a market cap of $18.82 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 1.07 and a beta of 0.73. The company’s fifty day moving average is $8.67 and its 200-day moving average is $9.10. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. Amcor PLC has a 12 month low of $7.90 and a 12 month high of $11.46.

Amcor (NYSE:AMCR) last issued 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). The business 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%.During the same quarter in the prior year, the company posted $0.21 earnings per share. The company’s revenue for the quarter was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

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

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett bought 10,000 shares of Amcor stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average cost 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 trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AMCR. Robert W. Baird dropped their price target on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research report on Saturday, September 27th. The Goldman Sachs Group began coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a “buy” rating on the stock. JPMorgan Chase & Co. assumed coverage on shares of Amcor in a research report on Friday, September 19th. They issued an “overweight” rating and a $10.00 target price for the company. Finally, UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Nine investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Amcor presently has an average rating of “Moderate Buy” and an average 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.