TD Asset Management Inc Increases Stake in Amcor PLC $AMCR

TD Asset Management Inc increased its position in shares of Amcor PLC (NYSE:AMCR) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,263,117 shares of the company’s stock after buying an additional 155,391 shares during the period. TD Asset Management Inc owned about 0.09% of Amcor worth $11,608,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB increased its stake in shares of Amcor by 205.5% during the second quarter. Wilmington Savings Fund Society FSB now owns 66,689 shares of the company’s stock valued at $613,000 after buying an additional 44,860 shares during the period. Morningstar Investment Management LLC increased its stake in shares of Amcor by 30.2% during the second quarter. Morningstar Investment Management LLC now owns 45,481 shares of the company’s stock valued at $418,000 after buying an additional 10,552 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Amcor during the second quarter valued at $221,000. Envestnet Portfolio Solutions Inc. increased its stake in shares of Amcor by 135.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,523,476 shares of the company’s stock valued at $14,001,000 after buying an additional 875,994 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Amcor by 166.0% during the second quarter. Sequoia Financial Advisors LLC now owns 37,723 shares of the company’s stock valued at $347,000 after buying an additional 23,539 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

Shares of NYSE AMCR opened at $8.14 on Friday. 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 $18.77 billion, a PE ratio of 22.61, a P/E/G ratio of 1.16 and a beta of 0.73. The business has a 50-day simple moving average of $8.38 and a two-hundred day simple moving average of $8.99. Amcor PLC has a fifty-two week low of $7.81 and a fifty-two week high of $11.33.

Amcor (NYSE:AMCR) last issued its quarterly 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). The business had revenue of $5.08 billion during the quarter, compared to analyst estimates of $5.18 billion. Amcor had a return on equity of 19.43% and a net margin of 3.40%.Amcor’s revenue was up 43.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, equities analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared 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 yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s dividend payout ratio (DPR) is currently 141.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Amcor in a research note on Wednesday, September 10th. They set a “buy” rating on the stock. UBS Group upgraded Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Wells Fargo & Company cut their target price on Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday. Truist Financial set a $11.00 target price on Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $10.84.

Insiders Place Their Bets

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average price of $8.55 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director owned 10,000 shares in the company, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate 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.