Simon Quick Advisors LLC Buys New Shares in Amcor PLC $AMCR

Simon Quick Advisors LLC purchased a new position in shares of Amcor PLC (NYSE:AMCR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,084 shares of the company’s stock, valued at approximately $166,000.

Other large investors have also added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its stake in shares of Amcor by 839.8% in the second quarter. AdvisorNet Financial Inc now owns 3,026 shares of the company’s stock worth $28,000 after purchasing an additional 2,704 shares during the last quarter. Adirondack Trust Co. purchased a new stake in Amcor in the second quarter valued at approximately $29,000. HM Payson & Co. purchased a new stake in Amcor in the first quarter valued at approximately $30,000. Brentview Investment Management LLC acquired a new position in Amcor in the 1st quarter worth approximately $31,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in Amcor during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Insider Transactions at Amcor

In related news, Director Stephen E. Sterrett purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of $8.55 per share, with a total value of $85,500.00. Following the purchase, the director owned 10,000 shares of the company’s stock, valued at $85,500. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on AMCR. Truist Financial set a $11.00 price objective on shares of Amcor and gave the company a “buy” rating in a research note on Friday, July 11th. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, October 8th. Robert W. Baird decreased their price objective on shares of Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research note on Friday, August 15th. Stifel Nicolaus upgraded shares of Amcor from a “hold” rating to a “buy” rating and set a $10.20 price objective for the company in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. began coverage on shares of Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 price objective for the company. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Amcor has a consensus rating of “Moderate Buy” and a consensus price target of $10.84.

Amcor Trading Up 0.2%

Amcor stock opened at $7.88 on Wednesday. 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 PLC has a 12 month low of $7.66 and a 12 month high of $10.70. The stock’s 50 day simple moving average is $8.18 and its two-hundred day simple moving average is $8.90. The firm has a market cap of $18.15 billion, a PE ratio of 21.88, a P/E/G ratio of 1.14 and a beta of 0.73.

Amcor (NYSE:AMCR) last released 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 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%.The business’s revenue for the quarter was up 43.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. Analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Friday, September 5th were paid a $0.1275 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 dividend on an annualized basis and a yield of 6.5%. Amcor’s dividend payout ratio (DPR) is currently 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.