Handelsbanken Fonder AB Boosts Position in Amcor PLC $AMCR

Handelsbanken Fonder AB lifted its stake in shares of Amcor PLC (NYSE:AMCR) by 26.5% during the 4th quarter, Holdings Channel reports. The fund owned 816,800 shares of the company’s stock after buying an additional 171,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Amcor were worth $6,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMCR. Brown Lisle Cummings Inc. raised its holdings in Amcor by 137.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after buying an additional 2,000 shares during the period. N.E.W. Advisory Services LLC raised its holdings in Amcor by 10.1% in the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock valued at $34,000 after buying an additional 373 shares during the period. CYBER HORNET ETFs LLC purchased a new stake in Amcor in the 2nd quarter valued at about $36,000. Huntington National Bank raised its holdings in Amcor by 81.8% in the 3rd quarter. Huntington National Bank now owns 4,490 shares of the company’s stock valued at $37,000 after buying an additional 2,020 shares during the period. Finally, Sentry Investment Management LLC raised its holdings in Amcor by 510.8% in the 3rd quarter. Sentry Investment Management LLC now owns 4,911 shares of the company’s stock valued at $39,000 after buying an additional 4,107 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on AMCR. Weiss Ratings upgraded shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup reduced their price objective on shares of Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a report on Wednesday, February 4th. Truist Financial restated a “buy” rating and issued a $51.00 price objective (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. Finally, Morgan Stanley lowered shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Amcor Stock Performance

NYSE AMCR opened at $38.43 on Friday. The company has a market cap of $17.77 billion, a P/E ratio of 26.87, a P/E/G ratio of 1.16 and a beta of 0.63. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. The stock has a 50-day moving average of $39.59 and a two-hundred day moving average of $42.32. Amcor PLC has a 1-year low of $36.25 and a 1-year high of $50.94.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.71 billion. Amcor had a return on equity of 14.55% and a net margin of 3.06%.Amcor’s revenue was up 77.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 EPS. As a group, analysts anticipate that Amcor PLC will post 3.97 EPS for the current year.

Amcor Dividend Announcement

The company also recently announced 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. This represents a $2.60 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, May 28th. Amcor’s payout ratio is currently 181.82%.

Key Stories Impacting Amcor

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor announced a global startup challenge, “Lift-Off — Rigids,” which could support longer-term innovation and new packaging solutions. Amcor launches global call for startups for Amcor Lift-Off — Rigids challenge
• Neutral Sentiment: Analysts still expect Amcor to earn $3.97 per share for the current full year, so the company remains close to consensus despite the revisions.
• Negative Sentiment: Zacks Research lowered FY2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, Q3 2028, FY2027, and FY2028 EPS estimates, signaling modestly weaker earnings expectations ahead. Amcor Seeks Startups for Lift-Off Rigids Challenge

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.