MBB Public Markets I LLC Sells 16,069 Shares of Amcor PLC $AMCR

MBB Public Markets I LLC lowered its stake in Amcor PLC (NYSE:AMCR) by 59.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,107 shares of the company’s stock after selling 16,069 shares during the period. MBB Public Markets I LLC’s holdings in Amcor were worth $91,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kinloch Capital LLC lifted its position in Amcor by 19.5% in the third quarter. Kinloch Capital LLC now owns 420,444 shares of the company’s stock valued at $3,439,000 after purchasing an additional 68,586 shares during the last quarter. Loews Corp boosted its position in Amcor by 12.3% during the 3rd quarter. Loews Corp now owns 3,000,000 shares of the company’s stock valued at $24,540,000 after buying an additional 328,750 shares during the period. Laird Norton Wetherby Wealth Management LLC boosted its position in Amcor by 9.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,679 shares of the company’s stock valued at $194,000 after buying an additional 2,006 shares during the period. Lido Advisors LLC grew its holdings in Amcor by 258.0% in the 3rd quarter. Lido Advisors LLC now owns 40,185 shares of the company’s stock worth $329,000 after acquiring an additional 28,960 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Amcor in the 3rd quarter worth $1,227,000. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on AMCR shares. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research note on Wednesday, January 28th. Citigroup reissued a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Wells Fargo & Company boosted their price target on Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a report on Tuesday, January 20th. Robert W. Baird set a $54.00 price target on Amcor in a research report on Wednesday, February 4th. Finally, Truist Financial lifted their price objective 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 given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.88.

Amcor Price Performance

Shares of NYSE AMCR opened at $40.64 on Tuesday. Amcor PLC has a 1 year low of $38.33 and a 1 year high of $50.94. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. The company’s 50-day moving average is $45.45 and its 200 day moving average is $42.78. The stock has a market capitalization of $18.78 billion, a P/E ratio of 26.56, a P/E/G ratio of 0.95 and a beta of 0.65.

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

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th will be issued a $0.65 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a yield of 6.4%. Amcor’s dividend payout ratio is 169.93%.

Amcor Company 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.