Benjamin Edwards Inc. Sells 82,134 Shares of Amcor PLC $AMCR

Benjamin Edwards Inc. lowered its stake in shares of Amcor PLC (NYSE:AMCR) by 46.4% in the 4th quarter, HoldingsChannel reports. The firm owned 94,974 shares of the company’s stock after selling 82,134 shares during the quarter. Benjamin Edwards Inc.’s holdings in Amcor were worth $792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. State Street Corp increased its holdings in Amcor by 7.2% in the 3rd quarter. State Street Corp now owns 139,077,241 shares of the company’s stock worth $1,137,652,000 after acquiring an additional 9,375,255 shares during the last quarter. Vanguard Group Inc. boosted its position in Amcor by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after purchasing an additional 1,845,627 shares during the period. M&G PLC boosted its position in Amcor by 26.6% during the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after purchasing an additional 22,737,979 shares during the period. Invesco Ltd. increased its stake in shares of Amcor by 29.9% in the third quarter. Invesco Ltd. now owns 47,111,558 shares of the company’s stock worth $385,373,000 after purchasing an additional 10,846,351 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Amcor by 103.9% in the third quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company’s stock worth $321,837,000 after purchasing an additional 20,052,979 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMCR. JPMorgan Chase & Co. cut their price target on Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Wednesday, January 28th. Wells Fargo & Company downgraded Amcor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. Weiss Ratings lowered Amcor from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Finally, Robert W. Baird set a $54.00 price target on Amcor in a research report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.56.

Key Amcor News

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor said revenue topped expectations and raised its full-year guidance, which helped spark buying interest and suggests operating trends are improving. Amcor (AMCR) rises after revenue beat and higher full-year guidance
• Positive Sentiment: Several Wall Street firms remained constructive after the report: Citigroup kept a buy rating, JPMorgan held an overweight view, and Truist reaffirmed a buy rating with a slightly higher target, reinforcing a favorable analyst backdrop. Analyst rating updates
• Positive Sentiment: Amcor also announced a quarterly dividend of $0.65 per share, supporting the stock’s appeal for income-focused investors with a roughly 6.5% annualized yield.
• Neutral Sentiment: An earnings-call summary noted strong synergy progress but some cash flow strain, indicating execution remains important even after the upbeat quarter. Amcor Earnings Call: Synergies Strong, Cash Flow Strained
• Neutral Sentiment: One Seeking Alpha piece argued Amcor looks inexpensive on a forward P/E basis and highlighted the dividend as a reason to wait, which supports valuation but does not point to a major near-term catalyst. Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait
• Negative Sentiment: Despite the positive tone, Citigroup and JPMorgan both lowered price targets, suggesting analysts see a bit less upside than before even while maintaining bullish ratings. Price target reductions

Amcor Price Performance

AMCR stock opened at $39.96 on Friday. The firm has a market cap of $18.46 billion, a P/E ratio of 27.94, a P/E/G ratio of 1.20 and a beta of 0.63. The firm’s fifty day moving average is $41.14 and its 200 day moving average is $42.50. Amcor PLC has a 52 week low of $36.67 and a 52 week high of $50.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.77 and a current ratio of 0.84.

Amcor (NYSE:AMCR) last issued its earnings results on Wednesday, May 6th. The company reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period in the prior year, the business posted $0.90 EPS. Amcor’s quarterly revenue was up 77.4% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. Research analysts predict that Amcor PLC will post 4 earnings per share for the current year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be given a $0.65 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.5%. Amcor’s payout ratio is presently 181.82%.

About Amcor

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.