Cromwell Holdings LLC Raises Stock Holdings in Amcor PLC $AMCR

Cromwell Holdings LLC raised its stake in shares of Amcor PLC (NYSE:AMCR) by 1,001.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,066 shares of the company’s stock after acquiring an additional 4,606 shares during the period. Cromwell Holdings LLC’s holdings in Amcor were worth $47,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Amcor by 15.5% during the first 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 period. Charles Schwab Investment Management Inc. raised its stake in 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 buying an additional 3,778,714 shares during the last quarter. Invesco Ltd. lifted its holdings 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 buying an additional 2,889,166 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Amcor by 9.8% during the 1st quarter. Wellington Management Group LLP now owns 30,707,205 shares of the company’s stock valued at $297,860,000 after buying an additional 2,735,320 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Amcor by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,191,544 shares of the company’s stock worth $186,142,000 after buying an additional 490,827 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on AMCR. Royal Bank Of Canada assumed coverage on Amcor in a research report on Monday, September 22nd. They set a “sector perform” rating for the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research report on Saturday, September 27th. Wells Fargo & Company raised their price objective on shares of Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a report on Friday, July 18th. UBS Group raised shares of Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 price target on the stock. Nine analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $11.21.

Insider Buying and Selling

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired 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 of the company’s stock, valued at approximately $85,500. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Amcor Trading Down 0.8%

Amcor stock opened at $8.17 on Friday. Amcor PLC has a 12-month low of $7.90 and a 12-month high of $11.46. The firm has a market capitalization of $11.80 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.08 and a beta of 0.73. The firm has a 50 day moving average of $8.67 and a 200 day moving average of $9.11. 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 posted its quarterly 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 firm had revenue of $5.08 billion during 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%.The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.21 earnings per share. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. As a group, research analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Shareholders of record on Friday, September 5th were paid a $0.1275 dividend. This represents a $0.51 dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Friday, September 5th. Amcor’s dividend payout ratio is presently 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.