Amcor PLC $AMCR Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC raised its stake in Amcor PLC (NYSE:AMCR) by 15.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,115 shares of the company’s stock after purchasing an additional 3,365 shares during the quarter. V Square Quantitative Management LLC’s holdings in Amcor were worth $231,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Sound Income Strategies LLC boosted its holdings in shares of Amcor by 54,855.7% in the 2nd quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock valued at $5,561,000 after purchasing an additional 603,961 shares during the last quarter. Delta Capital Management LLC acquired a new position in shares of Amcor in the 2nd quarter valued at $143,000. Symmetry Partners LLC boosted its holdings in shares of Amcor by 22.3% in the 2nd quarter. Symmetry Partners LLC now owns 17,140 shares of the company’s stock valued at $158,000 after purchasing an additional 3,121 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Amcor by 164.0% in the 2nd quarter. Signaturefd LLC now owns 8,012 shares of the company’s stock valued at $74,000 after purchasing an additional 4,977 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Amcor by 17.2% in the 2nd quarter. ORG Partners LLC now owns 10,262 shares of the company’s stock valued at $98,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Insider Transactions at Amcor

In other news, Director Stephen E. Sterrett purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

AMCR has been the topic of a number of research analyst reports. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Jefferies Financial Group initiated coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a report on Friday, July 18th. The Goldman Sachs Group initiated coverage on shares of Amcor in a report on Wednesday, September 10th. They set a “buy” rating on the stock. Finally, Truist Financial set a $11.00 target price on shares of Amcor and gave the company a “buy” rating in a report on Friday, July 11th. Nine investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $11.21.

Amcor Stock Performance

NYSE:AMCR opened at $8.23 on Friday. 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 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. The firm’s fifty day simple moving average is $8.70 and its 200 day simple moving average is $9.12. Amcor PLC has a twelve month low of $7.90 and a twelve month high of $11.46.

Amcor (NYSE:AMCR) last posted its 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 business had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the firm posted $0.21 EPS. The business’s revenue was up 43.8% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities research analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.2%. Amcor’s 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.