LRI Investments LLC Buys Shares of 4,709 Amcor PLC $AMCR

LRI Investments LLC bought a new stake in Amcor PLC (NYSE:AMCR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,709 shares of the company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMCR. Vanguard Group Inc. lifted its holdings in shares of Amcor by 15.5% in the first quarter. Vanguard Group Inc. now owns 68,105,901 shares of the company’s stock valued at $660,627,000 after purchasing an additional 9,119,308 shares in the last quarter. Nuveen LLC bought a new stake in shares of Amcor in the first quarter valued at about $37,522,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Amcor by 8.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 49,831,643 shares of the company’s stock valued at $483,367,000 after purchasing an additional 3,778,714 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock valued at $323,149,000 after purchasing an additional 2,889,166 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Amcor by 34.9% in the first quarter. Bank of New York Mellon Corp now owns 10,613,159 shares of the company’s stock valued at $102,948,000 after purchasing an additional 2,747,846 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Stock Performance

AMCR opened at $8.00 on Tuesday. Amcor PLC has a 52-week low of $7.81 and a 52-week high of $11.46. The firm has a market capitalization of $18.43 billion, a PE ratio of 22.21, a PEG ratio of 1.13 and a beta of 0.73. 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 business’s 50-day simple moving average is $8.49 and its 200 day simple moving average is $9.03.

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 during the quarter, compared to the consensus estimate of $5.18 billion. Amcor had a net margin of 3.40% and a return on equity of 19.43%. Amcor’s quarterly revenue was up 43.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, sell-side analysts expect 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. Shareholders 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 yield of 6.4%. Amcor’s dividend payout ratio is currently 141.67%.

Analyst Ratings Changes

A number of analysts have recently commented on AMCR shares. Jefferies Financial Group started coverage on Amcor in a report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target on the stock. Stifel Nicolaus upgraded Amcor from a “hold” rating to a “buy” rating and set a $10.20 price target on the stock in a report on Friday. The Goldman Sachs Group started coverage on Amcor in a report on Wednesday, September 10th. They issued a “buy” rating on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada started coverage on Amcor in a report on Monday, September 22nd. They set a “sector perform” rating on the stock. Ten equities research analysts have rated the stock with a Buy rating and four have assigned 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 $11.09.

Insider Transactions at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were purchased at an average price 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 of the company’s stock, valued at approximately $85,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is owned by corporate insiders.

About Amcor

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.