State of New Jersey Common Pension Fund D Buys 240,808 Shares of Amcor PLC $AMCR

State of New Jersey Common Pension Fund D lifted its stake in Amcor PLC (NYSE:AMCR) by 53.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 692,412 shares of the company’s stock after acquiring an additional 240,808 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Amcor were worth $6,363,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AMCR. AdvisorNet Financial Inc boosted its stake in Amcor by 839.8% in the 2nd 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 period. Adirondack Trust Co. bought a new position in Amcor in the 2nd quarter worth about $29,000. HM Payson & Co. bought a new position in shares of Amcor in the first quarter valued at approximately $30,000. Brentview Investment Management LLC bought a new position in shares of Amcor in the first quarter valued at approximately $31,000. Finally, Bartlett & CO. Wealth Management LLC bought a new position in shares of Amcor in the second quarter valued at approximately $33,000. 45.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Amcor news, Director Stephen E. Sterrett purchased 10,000 shares of the stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $8.55 per share, with a total value of $85,500.00. Following the completion of the purchase, the director directly owned 10,000 shares of the company’s stock, valued at approximately $85,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.32% of the stock is owned by corporate insiders.

Amcor Stock Performance

NYSE:AMCR opened at $8.15 on Monday. The business has a 50 day moving average of $8.25 and a 200 day moving average of $8.96. The company has a market capitalization of $18.78 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 1.16 and a beta of 0.73. Amcor PLC has a 1-year low of $7.81 and a 1-year high of $11.24. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.21 and a quick ratio of 0.71.

Amcor (NYSE:AMCR) last released its 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 quarterly revenue was up 43.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. Amcor has set its FY 2026 guidance at 0.800-0.830 EPS. On average, sell-side analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

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. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.51 annualized dividend and a yield of 6.3%. Amcor’s payout ratio is currently 141.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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 report on Friday, October 10th. Jefferies Financial Group began coverage on shares of Amcor in a report on Wednesday, July 2nd. They issued a “buy” rating and a $12.00 price target for the company. Wells Fargo & Company dropped their price objective on Amcor from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Wednesday, October 15th. JPMorgan Chase & Co. began coverage on Amcor in a research note on Friday, September 19th. They set an “overweight” rating and a $10.00 price objective for the company. Finally, Royal Bank Of Canada initiated coverage on Amcor in a research note on Monday, September 22nd. They set a “sector perform” rating for the company. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Amcor has a consensus rating of “Moderate Buy” and an average price target of $10.84.

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.