Bartlett & CO. Wealth Management LLC Takes Position in Amcor PLC $AMCR

Bartlett & CO. Wealth Management LLC acquired a new stake in Amcor PLC (NYSE:AMCR) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,638 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC increased its position in Amcor by 5.3% during the second quarter. Farther Finance Advisors LLC now owns 20,689 shares of the company’s stock worth $190,000 after purchasing an additional 1,035 shares during the last quarter. UMB Bank n.a. increased its position in Amcor by 20.0% during the first 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 during the last quarter. AlphaStar Capital Management LLC increased its position in Amcor by 2.4% during the first 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 during the last quarter. Koshinski Asset Management Inc. increased its position in Amcor by 10.1% during the first 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 during the last quarter. Finally, Private Trust Co. NA increased its position in Amcor by 5.1% during the first quarter. Private Trust Co. NA now owns 27,301 shares of the company’s stock worth $265,000 after purchasing an additional 1,315 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMCR. Robert W. Baird dropped their price target on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Wells Fargo & Company upped their price target on shares of Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Truist Financial set a $11.00 price target on shares of Amcor and gave the stock a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada began coverage on shares of Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating for the company. Finally, UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.21.

Amcor Price Performance

AMCR opened at $8.17 on Friday. 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 52-week low of $7.90 and a 52-week high of $11.46. The company has a 50 day moving average of $8.67 and a two-hundred day moving average of $9.11. The company has a market cap of $11.80 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.08 and a beta of 0.73.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $5.08 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently announced 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 was Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 6.2%. Amcor’s dividend payout ratio is 141.67%.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the purchase, the director owned 10,000 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.32% of the company’s stock.

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.