First Horizon Corp Sells 358,015 Shares of Amcor PLC $AMCR

Posted by on Jul 10th, 2026

First Horizon Corp lessened its stake in Amcor PLC (NYSE:AMCR – Free Report) by 67.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,052 shares of the company’s stock after selling 358,015 shares during the period. First Horizon Corp’s holdings in Amcor were worth $6,760,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Ibex Wealth Advisors bought a new stake in shares of Amcor in the 1st quarter valued at about $6,732,000. Greenwood Capital Associates LLC purchased a new position in shares of Amcor in the first quarter worth $1,197,000. American Capital Advisory LLC purchased a new stake in shares of Amcor during the first quarter valued at $44,000. Ascentis Independent Advisors acquired a new position in shares of Amcor in the 1st quarter valued at $85,000. Finally, Revisor Wealth Management LLC purchased a new position in Amcor in the 1st quarter worth $345,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Up 1.8%

AMCR opened at $42.71 on Friday. The company has a market cap of $19.75 billion, a PE ratio of 29.87, a price-to-earnings-growth ratio of 1.18 and a beta of 0.62. Amcor PLC has a twelve month low of $36.25 and a twelve month high of $50.94. The company has a 50-day moving average price of $40.10 and a 200 day moving average price of $42.10. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 1.30.

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

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Thursday, May 28th were paid a $0.65 dividend. The ex-dividend date of this dividend was Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.1%. Amcor’s payout ratio is currently 181.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMCR. Weiss Ratings raised Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft began coverage on shares of Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 target price for the company. Wells Fargo & Company set a $41.00 price objective on Amcor and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. Citigroup lowered their target price on Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Truist Financial reiterated a “buy” rating and set a $51.00 price target (up from $50.00) on shares of Amcor in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.00.

Get Our Latest Stock Analysis on AMCR

About Amcor

(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.

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Institutional Ownership by Quarter for Amcor (NYSE:AMCR)

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