Capital World Investors Acquires New Position in Amcor PLC $AMCR

Capital World Investors acquired a new stake in shares of Amcor PLC (NYSE:AMCR) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 4,551,370 shares of the company’s stock, valued at approximately $37,230,000.

A number of other large investors also recently bought and sold shares of AMCR. Rothschild Investment LLC raised its position in shares of Amcor by 4.2% during the 2nd quarter. Rothschild Investment LLC now owns 26,179 shares of the company’s stock valued at $241,000 after acquiring an additional 1,049 shares in the last quarter. First County Bank CT boosted its holdings in Amcor by 5.8% in the third quarter. First County Bank CT now owns 23,142 shares of the company’s stock worth $189,000 after purchasing an additional 1,275 shares during the period. GAMMA Investing LLC increased its stake in Amcor by 3.3% during the third quarter. GAMMA Investing LLC now owns 40,471 shares of the company’s stock valued at $331,000 after purchasing an additional 1,305 shares during the last quarter. New York Life Investment Management LLC increased its stake in Amcor by 0.4% during the third quarter. New York Life Investment Management LLC now owns 312,447 shares of the company’s stock valued at $2,556,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Parvin Asset Management LLC raised its holdings in shares of Amcor by 1.0% during the second quarter. Parvin Asset Management LLC now owns 145,332 shares of the company’s stock worth $1,336,000 after purchasing an additional 1,500 shares during the period. Institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Truist Financial increased their price objective on shares of Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Robert W. Baird set a $54.00 target price on Amcor in a research note on Wednesday, February 4th. Wells Fargo & Company upped their target price on Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Finally, Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.88.

Amcor Stock Performance

AMCR opened at $40.31 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. The business’s 50 day moving average is $45.51 and its 200-day moving average is $42.80. The stock has a market cap of $18.63 billion, a PE ratio of 26.35, a price-to-earnings-growth ratio of 0.99 and a beta of 0.65. Amcor PLC has a twelve month low of $38.33 and a twelve month high of $50.94.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same period in the prior year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $2.60 annualized dividend and a dividend yield of 6.5%. Amcor’s dividend payout ratio is presently 169.93%.

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.