CreativeOne Wealth LLC Buys 32,807 Shares of Amcor PLC $AMCR

CreativeOne Wealth LLC raised its stake in Amcor PLC (NYSE:AMCR) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 222,108 shares of the company’s stock after acquiring an additional 32,807 shares during the period. CreativeOne Wealth LLC’s holdings in Amcor were worth $1,817,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMCR. State Street Corp lifted its holdings in shares of Amcor by 41.4% during the second quarter. State Street Corp now owns 129,701,986 shares of the company’s stock valued at $1,191,961,000 after acquiring an additional 37,982,310 shares during the period. Vanguard Group Inc. boosted its stake in shares of Amcor by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock valued at $911,991,000 after purchasing an additional 1,262,294 shares in the last quarter. M&G PLC grew its holdings in shares of Amcor by 26.6% in the 3rd quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Amcor by 62.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock worth $742,279,000 after purchasing an additional 30,938,660 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Amcor by 55.3% during the 2nd quarter. Geode Capital Management LLC now owns 58,845,923 shares of the company’s stock worth $538,551,000 after purchasing an additional 20,946,520 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Price Performance

NYSE AMCR traded up $0.42 on Friday, hitting $40.75. 544,388 shares of the company were exchanged, compared to its average volume of 5,850,542. The firm has a 50 day moving average of $45.51 and a two-hundred day moving average of $42.80. The company has a market cap of $18.83 billion, a P/E ratio of 26.50, a P/E/G ratio of 0.99 and a beta of 0.65. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. Amcor PLC has a 1-year low of $38.33 and a 1-year high of $50.94.

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

Amcor Dividend Announcement

The business 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 dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Amcor’s dividend payout ratio is 169.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Robert W. Baird set a $54.00 price target on shares of Amcor in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Citigroup reiterated a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a report on Wednesday, January 28th. Finally, Truist Financial increased their price target on Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.88.

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.