Ewa LLC Purchases Shares of 16,914 Amcor PLC $AMCR

Ewa LLC acquired a new position in shares of Amcor PLC (NYSE:AMCR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,914 shares of the company’s stock, valued at approximately $155,000.

Other large investors have also modified their holdings of the company. CX Institutional bought a new stake in Amcor in the 1st quarter valued at $111,000. SG Americas Securities LLC boosted its position in shares of Amcor by 174.3% during the 1st quarter. SG Americas Securities LLC now owns 149,983 shares of the company’s stock valued at $1,455,000 after acquiring an additional 95,314 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Amcor by 51.6% in the second quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company’s stock valued at $4,266,000 after acquiring an additional 158,082 shares during the period. Sound Income Strategies LLC raised its position in Amcor by 54,855.7% in the second quarter. Sound Income Strategies LLC now owns 605,062 shares of the company’s stock worth $5,561,000 after purchasing an additional 603,961 shares in the last quarter. Finally, OneDigital Investment Advisors LLC acquired a new position in Amcor in the first quarter worth about $121,000. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on 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 objective on the stock. Wells Fargo & Company boosted their price target on Amcor from $10.00 to $11.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Royal Bank Of Canada began coverage on Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating for the company. UBS Group raised Amcor from a “neutral” rating to a “buy” rating in a report on Thursday, June 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Amcor in a report on Wednesday, September 10th. They issued a “buy” rating on the stock. Nine analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.21.

Insider Activity at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction that occurred 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 directly owned 10,000 shares in the company, valued at approximately $85,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by company insiders.

Amcor Price Performance

Shares of AMCR stock opened at $8.23 on Friday. Amcor PLC has a 52 week low of $7.90 and a 52 week high of $11.46. The stock has a market capitalization of $11.89 billion, a PE ratio of 22.85, a PEG ratio of 1.07 and a beta of 0.73. 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 stock’s fifty day moving average is $8.70 and its 200-day moving average is $9.12.

Amcor (NYSE:AMCR) last issued its quarterly earnings results 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 return on equity of 19.43% and a net margin of 3.40%.The company had revenue of $5.08 billion for the quarter, compared to analyst estimates of $5.18 billion. During the same quarter last year, the company earned $0.21 EPS. The firm’s quarterly revenue was up 43.8% on a year-over-year basis. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Equities research analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were paid a dividend of $0.1275 per share. This represents a $0.51 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s dividend payout ratio is 141.67%.

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.