waypoint wealth counsel Purchases New Stake in Amcor PLC $AMCR

waypoint wealth counsel purchased a new stake in Amcor PLC (NYSE:AMCR) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 12,563 shares of the company’s stock, valued at approximately $115,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC lifted its stake in Amcor by 635.3% in the second quarter. Apollon Wealth Management LLC now owns 83,119 shares of the company’s stock valued at $764,000 after buying an additional 71,815 shares during the period. Fifth Third Wealth Advisors LLC lifted its stake in Amcor by 218.0% in the second quarter. Fifth Third Wealth Advisors LLC now owns 37,318 shares of the company’s stock valued at $343,000 after buying an additional 25,583 shares during the period. Aberdeen Group plc lifted its stake in Amcor by 59.5% in the second quarter. Aberdeen Group plc now owns 329,689 shares of the company’s stock valued at $3,041,000 after buying an additional 123,007 shares during the period. Shayne & Jacobs LLC acquired a new position in Amcor in the second quarter valued at about $1,180,000. Finally, PDS Planning Inc acquired a new position in Amcor in the second quarter valued at about $97,000. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Up 1.6%

NYSE:AMCR opened at $7.95 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.71 and a current ratio of 1.21. The company has a market cap of $18.32 billion, a PE ratio of 22.07, a PEG ratio of 1.13 and a beta of 0.73. Amcor PLC has a 52-week low of $7.81 and a 52-week high of $11.46. The stock has a 50-day simple moving average of $8.52 and a 200 day simple moving average of $9.04.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $5.08 billion for 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%.The firm’s quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, sell-side analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio (DPR) is currently 141.67%.

Analyst Upgrades and Downgrades

AMCR has been the topic of a number of research analyst reports. UBS Group raised Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Stifel Nicolaus raised Amcor from a “hold” rating to a “buy” rating and set a $10.20 price target on the stock in a research report on Friday. Wells Fargo & Company raised their price target on Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. initiated coverage on Amcor in a research report on Friday, September 19th. They set an “overweight” rating and a $10.00 price target on the stock. Finally, The Goldman Sachs Group initiated coverage on Amcor in a research report on Wednesday, September 10th. They set a “buy” rating on the stock. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.09.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was purchased 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 directly owned 10,000 shares in the company, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% of the stock is currently owned by corporate insiders.

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.