HUB Investment Partners LLC Takes $135,000 Position in Amcor PLC $AMCR

HUB Investment Partners LLC bought a new position in shares of Amcor PLC (NYSE:AMCR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,452 shares of the company’s stock, valued at approximately $135,000.

A number of other institutional investors have also modified their holdings of the business. State Street Corp raised its position in Amcor by 41.4% in the 2nd quarter. State Street Corp now owns 129,701,986 shares of the company’s stock valued at $1,191,961,000 after purchasing an additional 37,982,310 shares during the last quarter. Vanguard Group Inc. grew its position in Amcor by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock worth $911,991,000 after purchasing an additional 1,262,294 shares during the last quarter. M&G PLC grew its position in Amcor by 26.6% during the 3rd quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Amcor by 62.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock valued at $742,279,000 after purchasing an additional 30,938,660 shares during the period. Finally, Geode Capital Management LLC increased its stake in Amcor by 55.3% in the second quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company’s stock valued at $538,551,000 after purchasing an additional 20,946,520 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMCR. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research note on Wednesday, January 28th. Robert W. Baird set a $54.00 target price on Amcor in a research note on Wednesday, February 4th. Finally, Truist Financial boosted their target price on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $52.88.

Amcor Stock Performance

NYSE AMCR traded up $0.42 during trading hours on Friday, hitting $40.75. 544,388 shares of the stock were exchanged, compared to its average volume of 5,850,542. The company has a market cap of $18.83 billion, a price-to-earnings ratio of 26.50, a price-to-earnings-growth ratio of 0.99 and a beta of 0.65. Amcor PLC has a 12-month low of $38.33 and a 12-month high of $50.94. The stock has a 50-day moving average of $45.51 and a 200 day moving average of $42.80. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th will be paid a $0.65 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.4%. Amcor’s payout ratio is 169.93%.

About Amcor

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.