Wellington Management Group LLP Cuts Holdings in Amcor PLC $AMCR

Wellington Management Group LLP decreased its stake in Amcor PLC (NYSE:AMCR) by 17.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,279,730 shares of the company’s stock after selling 1,110,664 shares during the period. Wellington Management Group LLP’s holdings in Amcor were worth $228,876,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. North Star Asset Management Inc. bought a new stake in shares of Amcor during the 2nd quarter worth $2,459,000. Public Employees Retirement System of Ohio bought a new position in Amcor in the second quarter valued at $5,709,000. Parvin Asset Management LLC bought a new position in Amcor in the second quarter valued at $1,493,000. Ancora Advisors LLC purchased a new stake in Amcor during the second quarter valued at about $39,470,000. Finally, Foster & Motley Inc. purchased a new stake in Amcor during the second quarter valued at about $369,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMCR shares. Bank of America upped their price objective on Amcor from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $47.00 price objective (up from $44.00) on shares of Amcor in a report on Monday, August 17th. Weiss Ratings restated a “hold (c)” rating on shares of Amcor in a research report on Friday, August 7th. Truist Financial set a $51.00 target price on Amcor in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group set a $44.92 target price on Amcor and gave the stock a “hold” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.49.

Amcor Stock Performance

NYSE AMCR opened at $46.70 on Monday. The company has a 50-day simple moving average of $44.97 and a two-hundred day simple moving average of $42.70. Amcor PLC has a 12-month low of $36.25 and a 12-month high of $50.94. The firm has a market cap of $21.59 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.55 and a beta of 0.62. The company has a quick ratio of 0.76, a current ratio of 1.25 and a debt-to-equity ratio of 1.17.

Amcor (NYSE:AMCR) last released its quarterly earnings data on Thursday, August 13th. The company reported $1.23 EPS for the quarter, topping the consensus estimate of $1.19 by $0.04. Amcor had a return on equity of 15.92% and a net margin of 4.71%.The firm had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the previous year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. On average, equities analysts forecast that Amcor PLC will post 1.84 EPS for the current year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Friday, September 4th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 5.6%. The ex-dividend date is Friday, September 4th. Amcor’s dividend payout ratio (DPR) is presently 110.17%.

Amcor News Roundup

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Zacks Research raised its EPS estimate for the second quarter of 2027 to $1.20 from $1.19 and for the second quarter of 2028 to $1.27 from $1.20, signaling somewhat stronger expectations for those periods. The firm also projects $4.25 EPS for fiscal 2027 and $4.45 for fiscal 2028. Amcor analyst estimates
• Neutral Sentiment: Zacks maintained its fiscal 2026 EPS estimate at $1.84, matching the current consensus forecast. This suggests no change to analysts’ overall near-term annual earnings outlook. Amcor analyst estimates
• Neutral Sentiment: Amcor’s shares remain above their 50-day and 200-day moving averages, indicating continued positive technical momentum. However, the stock is still below its 52-week high, leaving valuation and earnings revisions important catalysts for investors.
• Negative Sentiment: Zacks reduced EPS estimates for the third and fourth quarters of fiscal 2026 to $0.96 and $0.88, respectively, from $1.02 and $0.92. It also cut estimates for the first quarter of 2027 to $1.03 from $1.10, the third quarter of 2027 to $1.05 from $1.11, and the fourth quarter of 2027 to $0.97 from $1.02. The cluster of downward revisions points to softer expected earnings in several upcoming periods. Amcor analyst estimate revisions
• Neutral Sentiment: A separate report concerns Amcorp Global Ltd. and its dormant Australian subsidiary, Potts Point Hospitality Pty Ltd—not Amcor PLC—so it should not materially affect AMCR shares. Amcorp Global subsidiary restructuring

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.