Vanguard Group Inc. Raises Stock Position in Amcor PLC $AMCR

Vanguard Group Inc. boosted its holdings in Amcor PLC (NYSE:AMCR) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 113,335,957 shares of the company’s stock after buying an additional 1,845,627 shares during the period. Vanguard Group Inc. owned 0.25% of Amcor worth $945,222,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Dakota Wealth Management boosted its position in Amcor by 74.6% in the 4th quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after buying an additional 147,639 shares during the period. PFG Investments LLC purchased a new stake in Amcor in the 4th quarter valued at about $262,000. Nordea Investment Management AB boosted its position in Amcor by 64.0% in the 4th quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after buying an additional 94,753 shares during the period. GAMMA Investing LLC boosted its position in Amcor by 213.1% in the 4th quarter. GAMMA Investing LLC now owns 126,702 shares of the company’s stock valued at $1,057,000 after buying an additional 86,231 shares during the period. Finally, New Mexico Educational Retirement Board boosted its position in Amcor by 53.3% in the 3rd quarter. New Mexico Educational Retirement Board now owns 103,550 shares of the company’s stock valued at $847,000 after buying an additional 36,000 shares during the period. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Trading Down 0.7%

NYSE:AMCR opened at $37.77 on Friday. Amcor PLC has a one year low of $37.22 and a one year high of $50.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. The firm has a market cap of $17.45 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.06 and a beta of 0.64. The firm has a 50-day simple moving average of $41.81 and a 200-day simple moving average of $42.49.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly revenue was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities analysts anticipate that Amcor PLC will post 3.94 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s payout ratio is currently 169.93%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Truist Financial lowered their price objective on shares of Amcor from $60.00 to $50.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Wells Fargo & Company lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $48.00 to $43.00 in a report on Friday, March 20th. Robert W. Baird set a $54.00 price target on shares of Amcor in a report on Wednesday, February 4th. Finally, Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amcor has an average rating of “Moderate Buy” and an average target price of $50.89.

Amcor Profile

Amcor (NYSE: AMCR) is a global packaging company specializing in the design, development and production of flexible and rigid packaging solutions for food, beverage, pharmaceutical, medical, home and personal care, and other consumer and industrial products. The company’s product portfolio encompasses flexible films, pouches, specialty cartons, rigid containers, metal closures and dispensing systems. Amcor’s packaging solutions are engineered to preserve product quality, extend shelf life and meet the specific requirements of a wide range of end markets.

Founded in its current form in 2005 following a spin-off from a mining conglomerate, Amcor expanded its capabilities and geographic footprint through organic investments and strategic acquisitions.