Boston Trust Walden Corp Sells 11,500 Shares of Amcor PLC $AMCR

Boston Trust Walden Corp cut its stake in shares of Amcor PLC (NYSE:AMCR) by 7.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,269 shares of the company’s stock after selling 11,500 shares during the quarter. Boston Trust Walden Corp’s holdings in Amcor were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AdvisorNet Financial Inc boosted its stake in shares of Amcor by 839.8% during the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock valued at $28,000 after purchasing an additional 2,704 shares in the last quarter. Rakuten Securities Inc. raised its position in Amcor by 18,725.0% during the 1st quarter. Rakuten Securities Inc. now owns 3,012 shares of the company’s stock worth $29,000 after purchasing an additional 2,996 shares during the last quarter. Adirondack Trust Co. bought a new position in Amcor during the 2nd quarter worth $29,000. HM Payson & Co. bought a new position in Amcor during the 1st quarter worth $30,000. Finally, Brentview Investment Management LLC bought a new position in Amcor during the 1st quarter worth $31,000. 45.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $8.55 per share, for a total transaction of $85,500.00. Following the completion of the transaction, the director directly owned 10,000 shares in the company, valued at approximately $85,500. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMCR shares. UBS Group upgraded shares of Amcor from a “neutral” rating to a “buy” rating in a research report on Thursday, June 26th. The Goldman Sachs Group assumed coverage on shares of Amcor in a research report on Wednesday, September 10th. They set a “buy” rating for the company. JPMorgan Chase & Co. assumed coverage on Amcor in a report on Friday, September 19th. They set an “overweight” rating and a $10.00 price target on the stock. Truist Financial set a $11.00 price target on Amcor and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Royal Bank Of Canada assumed coverage on Amcor in a report on Monday, September 22nd. They set a “sector perform” rating on the stock. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $10.84.

Amcor Trading Down 0.7%

Shares of AMCR stock opened at $8.05 on Thursday. The company has a 50 day moving average of $8.44 and a 200-day moving average of $9.02. 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 12-month low of $7.81 and a 12-month high of $11.38. The firm has a market cap of $18.55 billion, a P/E ratio of 22.35, a PEG ratio of 1.16 and a beta of 0.73.

Amcor (NYSE:AMCR) last issued its earnings results on Thursday, August 14th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business 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%.Amcor’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Sell-side analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently announced 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 6.3%. Amcor’s dividend payout ratio (DPR) is currently 141.67%.

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.