Amcor PLC $AMCR Stock Purchased by Nan Fung Trinity HK Ltd.

Nan Fung Trinity HK Ltd. grew its stake in shares of Amcor PLC (NYSE:AMCR) by 123.2% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 955,076 shares of the company’s stock after acquiring an additional 527,191 shares during the quarter. Amcor comprises about 3.8% of Nan Fung Trinity HK Ltd.’s portfolio, making the stock its 6th biggest holding. Nan Fung Trinity HK Ltd. owned approximately 0.21% of Amcor worth $39,979,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of AMCR. Silicon Valley Capital Partners raised its stake in Amcor by 27.0% in the second quarter. Silicon Valley Capital Partners now owns 237,654 shares of the company’s stock valued at $10,302,000 after purchasing an additional 50,510 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in Amcor by 219.4% during the second quarter. Concurrent Investment Advisors LLC now owns 64,241 shares of the company’s stock worth $2,785,000 after purchasing an additional 44,125 shares during the period. Dupree Financial Group LLC lifted its position in Amcor by 41.5% during the third quarter. Dupree Financial Group LLC now owns 267,653 shares of the company’s stock worth $11,204,000 after purchasing an additional 78,544 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in Amcor by 8.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 409,627 shares of the company’s stock worth $18,061,000 after purchasing an additional 30,657 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new stake in Amcor during the third quarter worth about $3,524,000. 45.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on AMCR shares. UBS Group reissued a “buy” rating on shares of Amcor in a report on Thursday, November 5th. Deutsche Bank cut shares of Amcor from a “buy” rating to a “hold” rating in a research report on Thursday, November 5th. BMO Capital Markets began coverage on shares of Amcor in a report on Thursday, July 16th. They set a “market perform” rating and a $47.00 price target for the company. Citigroup reduced their price target on shares of Amcor from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Truist Financial increased their price target on shares of Amcor from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Amcor currently has an average rating of “Moderate Buy” and an average target price of $49.36.

Amcor Trading Down 1.3%

Shares of AMCR opened at $43.80 on Friday. Amcor PLC has a 52-week low of $36.25 and a 52-week high of $50.94. The business’s fifty day moving average is $43.87 and its 200-day moving average is $43.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.83 and a current ratio of 1.40. The firm has a market cap of $20.25 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.87 and a beta of 0.56.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Wednesday, November 4th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Amcor had a return on equity of 15.85% and a net margin of 4.55%. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the firm posted $0.11 EPS. Equities analysts anticipate that Amcor PLC will post 3.15 EPS for the current fiscal year.

Amcor Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 25th will be given a $0.66 dividend. This is a boost from Amcor’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Wednesday, November 25th. Amcor’s dividend payout ratio (DPR) is presently 111.59%.

About Amcor

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications. The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.