Public Sector Pension Investment Board Grows Position in Amcor PLC $AMCR

Public Sector Pension Investment Board grew its stake in Amcor PLC (NYSE:AMCR) by 8.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 196,125 shares of the company’s stock after purchasing an additional 15,079 shares during the period. Public Sector Pension Investment Board’s holdings in Amcor were worth $1,902,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. UMB Bank n.a. boosted its position in Amcor by 20.0% in the 1st quarter. UMB Bank n.a. now owns 6,386 shares of the company’s stock worth $62,000 after purchasing an additional 1,066 shares in the last quarter. AlphaStar Capital Management LLC boosted its position in Amcor by 2.4% in the 1st quarter. AlphaStar Capital Management LLC now owns 50,472 shares of the company’s stock worth $490,000 after purchasing an additional 1,185 shares in the last quarter. Koshinski Asset Management Inc. boosted its position in Amcor by 10.1% in the 1st quarter. Koshinski Asset Management Inc. now owns 13,659 shares of the company’s stock worth $132,000 after purchasing an additional 1,252 shares in the last quarter. Virtue Capital Management LLC boosted its position in Amcor by 2.8% in the 4th quarter. Virtue Capital Management LLC now owns 45,924 shares of the company’s stock worth $432,000 after purchasing an additional 1,259 shares in the last quarter. Finally, Utah Retirement Systems boosted its position in Amcor by 1.1% in the 4th quarter. Utah Retirement Systems now owns 120,076 shares of the company’s stock worth $1,130,000 after purchasing an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMCR. Truist Financial set a $11.00 price objective on Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Jefferies Financial Group began coverage on Amcor in a research report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price on the stock. Wells Fargo & Company increased their target price on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. Finally, Robert W. Baird decreased 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. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.42.

Amcor Trading Up 0.4%

Shares of NYSE:AMCR opened at $8.5650 on Thursday. Amcor PLC has a 1 year low of $8.37 and a 1 year high of $11.48. The firm has a market capitalization of $12.38 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 1.11 and a beta of 0.74. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.37. The business’s 50 day moving average price is $9.38 and its 200-day moving average price is $9.49.

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

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Friday, September 5th will be issued a $0.1275 dividend. The ex-dividend date is Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.0%. Amcor’s dividend payout ratio (DPR) is presently 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.