Principle Wealth Partners LLC Invests $212,000 in Amcor PLC $AMCR

Principle Wealth Partners LLC purchased a new position in shares of Amcor PLC (NYSE:AMCR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,420 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds also recently made changes to their positions in the company. Dakota Wealth Management grew its stake in shares of Amcor by 74.6% during the 4th quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock worth $2,881,000 after acquiring an additional 147,639 shares in the last quarter. PFG Investments LLC bought a new position in shares of Amcor during the 4th quarter worth approximately $262,000. Vanguard Group Inc. grew its stake in shares of Amcor by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock worth $945,222,000 after acquiring an additional 1,845,627 shares in the last quarter. Nordea Investment Management AB grew its stake in shares of Amcor by 64.0% during the 4th quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock worth $2,034,000 after acquiring an additional 94,753 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Amcor by 213.1% during the 4th quarter. GAMMA Investing LLC now owns 126,702 shares of the company’s stock worth $1,057,000 after acquiring an additional 86,231 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

More Amcor News

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, May 7th. Citigroup decreased their target price on shares of Amcor from $54.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company set a $41.00 target price on shares of Amcor and gave the company an “equal weight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Amcor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $50.00 target price for the company. Finally, Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $49.33.

Amcor Price Performance

NYSE:AMCR opened at $38.43 on Friday. Amcor PLC has a 1-year low of $36.25 and a 1-year high of $50.94. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. The firm has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $42.32. The stock has a market capitalization of $17.77 billion, a PE ratio of 26.87, a P/E/G ratio of 1.16 and a beta of 0.63.

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. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period last year, the business earned $0.90 earnings per share. The firm’s revenue was up 77.4% on a year-over-year basis. On average, research analysts expect that Amcor PLC will post 3.97 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.60 annualized dividend and a yield of 6.8%. Amcor’s dividend payout ratio (DPR) is currently 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.