Principle Wealth Partners LLC purchased a new stake in shares of Amcor PLC (NYSE:AMCR – Free Report) in the 4th quarter, Holdings Channel reports. The fund purchased 25,420 shares of the company’s stock, valued at approximately $212,000.
Several other hedge funds have also added to or reduced their stakes in AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Amcor by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock valued at $2,596,000 after purchasing an additional 20,757 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Amcor by 11.3% during the first quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after buying an additional 4,396 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Amcor during the second quarter worth $138,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Amcor during the second quarter worth $6,426,000. Finally, CW Advisors LLC acquired a new stake in shares of Amcor during the second quarter worth $228,000. Institutional investors and hedge funds own 45.14% of the company’s stock.
Amcor Stock Down 0.2%
Shares of NYSE AMCR opened at $38.43 on Friday. 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 stock has a market capitalization of $17.77 billion, a P/E ratio of 26.87, a PEG ratio of 1.16 and a beta of 0.63. The stock’s fifty day moving average is $39.59 and its 200 day moving average is $42.32.
Amcor Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Thursday, May 28th will be given a $0.65 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.8%. Amcor’s dividend payout ratio (DPR) is presently 181.82%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Robert W. Baird set a $54.00 target price on Amcor in a report on Wednesday, February 4th. Weiss Ratings raised Amcor from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, May 11th. Citigroup dropped their target price on Amcor from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, May 8th. Truist Financial reissued a “buy” rating and set a $51.00 target price (up from $50.00) on shares of Amcor in a report on Thursday, May 7th. Finally, JPMorgan Chase & Co. dropped their target price on Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Amcor currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.
Get Our Latest Stock Analysis on AMCR
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 Profile
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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