First County Bank CT Has $201,000 Stake in Amcor PLC $AMCR

First County Bank CT decreased its position in Amcor PLC (NYSE:AMCR) by 27.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,867 shares of the company’s stock after selling 8,133 shares during the quarter. First County Bank CT’s holdings in Amcor were worth $201,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Symmetry Partners LLC grew its stake in shares of Amcor by 22.3% in the 2nd quarter. Symmetry Partners LLC now owns 17,140 shares of the company’s stock valued at $158,000 after buying an additional 3,121 shares in the last quarter. Signaturefd LLC grew its stake in shares of Amcor by 164.0% in the 2nd quarter. Signaturefd LLC now owns 8,012 shares of the company’s stock valued at $74,000 after buying an additional 4,977 shares in the last quarter. ORG Partners LLC grew its stake in shares of Amcor by 17.2% in the 2nd quarter. ORG Partners LLC now owns 10,262 shares of the company’s stock valued at $98,000 after buying an additional 1,506 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Amcor by 51.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 464,293 shares of the company’s stock valued at $4,266,000 after buying an additional 158,082 shares in the last quarter. Finally, Dakota Wealth Management bought a new stake in shares of Amcor in the 2nd quarter valued at approximately $1,819,000. Institutional investors own 45.14% of the company’s stock.

Insider Buying and Selling at Amcor

In other Amcor news, Director Stephen E. Sterrett acquired 10,000 shares of Amcor 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 transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

Amcor Stock Up 0.9%

Shares of Amcor stock opened at $8.13 on Tuesday. The stock has a market capitalization of $11.74 billion, a P/E ratio of 22.57, a PEG ratio of 1.05 and a beta of 0.72. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. The stock has a 50 day moving average price of $8.80 and a two-hundred day moving average price of $9.14. Amcor PLC has a 12-month low of $7.90 and a 12-month high of $11.46.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.20 earnings per share 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 business had revenue of $5.08 billion during the quarter, compared to the consensus estimate of $5.18 billion. During the same period in the prior year, the company posted $0.21 earnings per share. The firm’s 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. Equities analysts expect that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Friday, September 5th were given a $0.1275 dividend. This represents a $0.51 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, September 5th. Amcor’s dividend payout ratio is currently 141.67%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AMCR. JPMorgan Chase & Co. began coverage on Amcor in a research note on Friday, September 19th. They issued an “overweight” rating and a $10.00 price target for the company. UBS Group raised Amcor from a “neutral” rating to a “buy” rating in a research note on Thursday, June 26th. Robert W. Baird decreased their target price on Amcor from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Friday, August 15th. Jefferies Financial Group initiated coverage on Amcor in a research report on Wednesday, July 2nd. They set a “buy” rating and a $12.00 target price for the company. Finally, Wells Fargo & Company upped their target price on Amcor from $10.00 to $11.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Nine research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $11.21.

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.