Mizuho Markets Americas LLC Decreases Position in Amcor PLC $AMCR

Mizuho Markets Americas LLC decreased its stake in Amcor PLC (NYSE:AMCR) by 79.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,855 shares of the company’s stock after selling 102,107 shares during the period. Mizuho Markets Americas LLC’s holdings in Amcor were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake 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 worth $660,627,000 after acquiring an additional 9,119,308 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $483,367,000 after acquiring an additional 3,778,714 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Amcor by 9.5% in the first quarter. Invesco Ltd. now owns 33,314,287 shares of the company’s stock worth $323,149,000 after acquiring an additional 2,889,166 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of Amcor by 9.8% in the first quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock worth $297,860,000 after acquiring an additional 2,735,320 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Amcor by 2.6% in the first quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock worth $186,142,000 after acquiring an additional 490,827 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

AMCR has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on Amcor from $11.00 to $9.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 15th. Robert W. Baird cut their price target on Amcor from $11.00 to $10.00 and set a “neutral” rating on the stock in a research note on Friday, August 15th. Royal Bank Of Canada initiated coverage on Amcor in a research note on Monday, September 22nd. They issued a “sector perform” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. Finally, Jefferies Financial Group initiated coverage on Amcor in a research note on Wednesday, July 2nd. They set a “buy” rating and a $12.00 price objective on the stock. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $10.84.

Insider Activity at Amcor

In related news, Director Stephen E. Sterrett bought 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average cost 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 of the company’s stock, valued at $85,500. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.32% of the company’s stock.

Amcor Trading Up 1.1%

Shares of NYSE AMCR opened at $8.37 on Wednesday. The stock’s 50 day moving average price is $8.25 and its two-hundred day moving average price is $8.95. Amcor PLC has a 52-week low of $7.81 and a 52-week high of $11.24. The stock has a market capitalization of $19.28 billion, a P/E ratio of 23.24, a PEG ratio of 1.18 and a beta of 0.73. 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 (NYSE:AMCR) last announced 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). Amcor had a net margin of 3.40% and a return on equity of 19.43%. The firm had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter in the previous year, the company earned $0.21 EPS. The company’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 anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were issued a dividend of $0.1275 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a dividend yield of 6.1%. Amcor’s dividend payout ratio is 141.67%.

Amcor Company 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.