Sound Income Strategies LLC Invests $19.34 Million in Amcor PLC $AMCR

Posted by George Bondi on Jul 3rd, 2026

Sound Income Strategies LLC bought a new position in Amcor PLC (NYSE:AMCR – Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 475,266 shares of the company’s stock, valued at approximately $19,343,000. Sound Income Strategies LLC owned approximately 0.10% of Amcor as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMCR. Dakota Wealth Management lifted its position in Amcor by 74.6% in the 4th quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after acquiring an additional 147,639 shares in the last quarter. PFG Investments LLC bought a new stake in Amcor during the 4th quarter worth approximately $262,000. Vanguard Group Inc. raised its stake in shares of Amcor by 1.7% in 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 last quarter. Code Waechter LLC raised its stake in shares of Amcor by 105.1% in the fourth quarter. Code Waechter LLC now owns 54,113 shares of the company’s stock worth $451,000 after purchasing an additional 27,725 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Amcor by 64.0% in the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after purchasing an additional 94,753 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Weiss Ratings raised Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft started coverage on Amcor in a research report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price target for the company. JPMorgan Chase & Co. dropped their price objective on Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a research note on Thursday, May 7th. Citigroup cut 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. Finally, Wells Fargo & Company set a $41.00 target price on shares of Amcor and gave the stock an “equal weight” rating in a research note on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have given 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 price target of $48.00.

Read Our Latest Stock Analysis on Amcor

Amcor Stock Performance

Shares of AMCR stock opened at $44.98 on Friday. The firm has a market cap of $20.80 billion, a price-to-earnings ratio of 31.46, a P/E/G ratio of 1.23 and a beta of 0.62. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.95 and a current ratio of 1.44. Amcor PLC has a 52 week low of $36.25 and a 52 week high of $50.94. The firm’s 50-day simple moving average is $39.65 and its two-hundred day simple moving average is $42.02.

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

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 5.8%. The ex-dividend date was Thursday, May 28th. Amcor’s dividend payout ratio (DPR) is currently 181.82%.

Amcor Company 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.