Keudell Morrison Wealth Management purchased a new stake in shares of Amcor PLC (NYSE:AMCR – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 45,966 shares of the company’s stock, valued at approximately $383,000.
Several other large investors have also made changes to their positions in the company. Brown Lisle Cummings Inc. increased its holdings 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 buying an additional 2,000 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Amcor in the second quarter valued at approximately $36,000. Larson Financial Group LLC lifted its stake in Amcor by 46.1% in the fourth quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock valued at $33,000 after acquiring an additional 1,257 shares during the last quarter. N.E.W. Advisory Services LLC grew its position 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 in the last quarter. Finally, Huntington National Bank grew its position 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 in the last quarter. Institutional investors own 45.14% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the stock. Robert W. Baird set a $54.00 price target on shares of Amcor in a report on Wednesday, February 4th. Wells Fargo & Company set a $41.00 price objective on shares of Amcor and gave the stock an “equal weight” rating in a report on Wednesday. Weiss Ratings raised shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their target price on Amcor from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, May 7th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $51.00 price target (up from $50.00) on shares of Amcor in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.33.
Key Headlines Impacting Amcor
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
Amcor Stock Down 0.2%
Amcor stock opened at $38.43 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95. Amcor PLC has a fifty-two week low of $36.25 and a fifty-two week high of $50.94. The firm has a fifty day moving average price of $39.59 and a two-hundred day moving average price of $42.32. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 1.16 and a beta of 0.63.
Amcor (NYSE:AMCR – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.71 billion. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The firm’s revenue was up 77.4% compared to the same quarter last year. During the same period last year, the business posted $0.90 earnings per share. As a group, analysts forecast that Amcor PLC will post 3.97 earnings per share for the current year.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be issued a $0.65 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a yield of 6.8%. Amcor’s dividend payout ratio (DPR) is 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.
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