D.A. Davidson & CO. Takes $268,000 Position in Amcor PLC $AMCR

D.A. Davidson & CO. acquired a new stake in shares of Amcor PLC (NYSE:AMCR) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 29,214 shares of the company’s stock, valued at approximately $268,000.

Other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc grew its position in shares of Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after purchasing an additional 2,704 shares in the last quarter. HM Payson & Co. purchased a new position in shares of Amcor during the first quarter valued at about $30,000. Brentview Investment Management LLC purchased a new position in shares of Amcor during the first quarter valued at about $31,000. Adirondack Trust Co. purchased a new position in shares of Amcor during the second quarter valued at about $29,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in shares of Amcor during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Amcor stock opened at $7.84 on Friday. The company has a 50 day moving average price of $8.22 and a 200-day moving average price of $8.93. 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 fifty-two week low of $7.81 and a fifty-two week high of $11.24. The company has a market capitalization of $18.06 billion, a PE ratio of 21.76, a P/E/G ratio of 1.14 and a beta of 0.73.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The company had revenue of $5.08 billion for the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the firm posted $0.21 EPS. The business’s revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s payout ratio is currently 141.67%.

Analyst Ratings Changes

Several research firms recently commented on AMCR. Truist Financial set a $11.00 price target on Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada began coverage on Amcor in a research report on Monday, September 22nd. They issued a “sector perform” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their price target on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group began coverage on Amcor in a research report on Wednesday, September 10th. They issued a “buy” rating for the company. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Amcor has an average rating of “Moderate Buy” and a consensus target price of $10.84.

Insider Buying and Selling at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $85,500. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.32% of the company’s stock.

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.