Yousif Capital Management LLC Buys 125,783 Shares of Amcor PLC $AMCR

Yousif Capital Management LLC increased its stake in shares of Amcor PLC (NYSE:AMCR) by 15.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 932,340 shares of the company’s stock after purchasing an additional 125,783 shares during the quarter. Yousif Capital Management LLC owned 0.06% of Amcor worth $8,568,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of AMCR. Vanguard Group Inc. increased its position in shares of Amcor by 15.5% during the 1st 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 during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Amcor by 4,928.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,732,524 shares of the company’s stock valued at $44,817,000 after purchasing an additional 4,638,412 shares during the last quarter. Nuveen LLC bought a new position in shares of Amcor during the 1st quarter valued at approximately $37,522,000. Charles Schwab Investment Management Inc. increased its position in shares of Amcor by 8.2% during the 1st 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 during the last quarter. Finally, Invesco Ltd. increased its position in shares of Amcor by 9.5% during the 1st 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 during the last quarter. Institutional investors own 45.14% of the company’s stock.

Insider Buying and Selling at Amcor

In other news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction on 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 acquisition, the director owned 10,000 shares of the company’s stock, valued at $85,500. This 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 link. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AMCR. Royal Bank Of Canada began coverage on Amcor in a research report on Monday, September 22nd. They issued a “sector perform” rating on the stock. UBS Group raised Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their price objective on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. began coverage on Amcor in a research report on Friday, September 19th. They issued an “overweight” rating and a $10.00 price objective on the stock. Finally, Robert W. Baird cut their price objective on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research report on Friday, August 15th. Ten research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $11.09.

Amcor Price Performance

Shares of AMCR stock opened at $8.00 on Tuesday. Amcor PLC has a twelve month low of $7.81 and a twelve month high of $11.46. The stock has a market capitalization of $18.43 billion, a price-to-earnings ratio of 22.21, a P/E/G ratio of 1.13 and a beta of 0.73. The stock has a fifty day simple moving average of $8.49 and a two-hundred day simple moving average of $9.03. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.18.

Amcor (NYSE:AMCR) last issued 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 return on equity of 19.43% and a net margin of 3.40%.The firm had revenue of $5.08 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same quarter in the prior year, the company posted $0.21 earnings per share. Amcor’s quarterly 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. On average, analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were issued a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio is currently 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.