HB Wealth Management LLC Acquires 97,903 Shares of Amcor PLC $AMCR

HB Wealth Management LLC grew its holdings in Amcor PLC (NYSE:AMCR) by 112.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,115 shares of the company’s stock after purchasing an additional 97,903 shares during the period. HB Wealth Management LLC’s holdings in Amcor were worth $1,701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of Amcor by 5.3% in the second quarter. Janney Montgomery Scott LLC now owns 1,270,245 shares of the company’s stock valued at $11,674,000 after purchasing an additional 64,396 shares during the period. V Square Quantitative Management LLC increased its holdings in Amcor by 15.5% during the 2nd quarter. V Square Quantitative Management LLC now owns 25,115 shares of the company’s stock worth $231,000 after acquiring an additional 3,365 shares during the period. Sound Income Strategies LLC increased its holdings in Amcor by 54,855.7% during the 2nd quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock worth $5,561,000 after acquiring an additional 603,961 shares during the period. Delta Capital Management LLC bought a new stake in Amcor during the 2nd quarter worth approximately $143,000. Finally, Symmetry Partners LLC increased its holdings in Amcor by 22.3% during the 2nd quarter. Symmetry Partners LLC now owns 17,140 shares of the company’s stock worth $158,000 after acquiring an additional 3,121 shares during the period. Institutional investors own 45.14% of the company’s stock.

Insider Activity

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at approximately $85,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AMCR shares. Wells Fargo & Company upped their target price on shares of Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. started coverage on shares of Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 target price on the stock. The Goldman Sachs Group started coverage on shares of Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. Jefferies Financial Group started coverage on shares of Amcor in a report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price on the stock. Finally, Robert W. Baird decreased their target price on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.21.

Amcor Price Performance

Shares of NYSE:AMCR opened at $8.23 on Friday. The company’s fifty day moving average price is $8.70 and its 200-day moving average price is $9.12. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.07 and a beta of 0.73. Amcor PLC has a one year low of $7.90 and a one year high of $11.46. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71.

Amcor (NYSE:AMCR) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company 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%.Amcor’s quarterly revenue was up 43.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, equities research analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.2%. Amcor’s dividend payout ratio is 141.67%.

Amcor 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.