North Dakota State Investment Board Acquires New Position in Amcor PLC $AMCR

Posted by Brenda Bartman on May 22nd, 2026

North Dakota State Investment Board purchased a new position in Amcor PLC (NYSE:AMCR – Free Report) in the fourth quarter, Holdings Channel reports. The fund purchased 79,041 shares of the company’s stock, valued at approximately $659,000.

A number of other institutional investors also recently added to or reduced their stakes in AMCR. Brown Lisle Cummings Inc. lifted its stake in Amcor by 137.9% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock worth $29,000 after acquiring an additional 2,000 shares during the last quarter. N.E.W. Advisory Services LLC lifted its stake in Amcor by 10.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock worth $34,000 after acquiring an additional 373 shares during the last quarter. CYBER HORNET ETFs LLC purchased a new position in Amcor in the second quarter worth approximately $36,000. Huntington National Bank lifted its stake in Amcor by 81.8% in the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after acquiring an additional 2,020 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its stake in Amcor by 510.8% in the third quarter. Sentry Investment Management LLC now owns 4,911 shares of the company’s stock worth $39,000 after acquiring an additional 4,107 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on AMCR shares. 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. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research note on Wednesday, January 28th. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Truist Financial reiterated a “buy” rating and issued a $51.00 price target (up from $50.00) on shares of Amcor in a research note on Thursday, May 7th. Finally, 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 price target for the company. One 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Read Our Latest Stock Report on AMCR

Amcor Stock Up 1.2%

Shares of NYSE:AMCR opened at $38.56 on Friday. The company has a market capitalization of $17.83 billion, a PE ratio of 26.96, a P/E/G ratio of 1.15 and a beta of 0.63. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 1.30. Amcor PLC has a twelve month low of $36.25 and a twelve month high of $50.94. The firm has a 50 day simple moving average of $39.67 and a 200-day simple moving average of $42.35.

Amcor (NYSE:AMCR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, hitting the consensus estimate of $0.96. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.71 billion. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The company’s revenue was up 77.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. On average, equities analysts predict that Amcor PLC will post 3.97 EPS for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Thursday, May 28th. Amcor’s payout ratio is currently 181.82%.

Amcor Profile

(Free Report)

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.