Alpine Global Management LLC Makes New $1.47 Million Investment in Amcor PLC $AMCR

Alpine Global Management LLC acquired a new stake in shares of Amcor PLC (NYSE:AMCR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 179,597 shares of the company’s stock, valued at approximately $1,469,000.

Several other large investors have also recently made changes to their positions in the company. Rothschild Investment LLC boosted its stake in Amcor by 4.2% during the second quarter. Rothschild Investment LLC now owns 26,179 shares of the company’s stock valued at $241,000 after buying an additional 1,049 shares during the last quarter. First County Bank CT increased its stake in Amcor by 5.8% in the 3rd quarter. First County Bank CT now owns 23,142 shares of the company’s stock worth $189,000 after acquiring an additional 1,275 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Amcor by 3.3% during the 3rd quarter. GAMMA Investing LLC now owns 40,471 shares of the company’s stock worth $331,000 after acquiring an additional 1,305 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Amcor by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 312,447 shares of the company’s stock valued at $2,556,000 after acquiring an additional 1,314 shares during the last quarter. Finally, Parvin Asset Management LLC boosted its position in shares of Amcor by 1.0% during the 2nd quarter. Parvin Asset Management LLC now owns 145,332 shares of the company’s stock valued at $1,336,000 after acquiring an additional 1,500 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AMCR has been the topic of several research reports. Robert W. Baird set a $54.00 price target on shares of Amcor in a research report on Wednesday, February 4th. Truist Financial increased their price objective on shares of Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Finally, Wells Fargo & Company upped their target price on shares of Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.88.

Amcor Stock Performance

Amcor stock opened at $40.75 on Wednesday. The firm has a 50 day simple moving average of $45.41 and a 200-day simple moving average of $42.76. The stock has a market cap of $18.83 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 0.95 and a beta of 0.65. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. Amcor PLC has a 1-year low of $38.33 and a 1-year high of $50.94.

Amcor (NYSE:AMCR) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. The firm had revenue of $3.24 billion for 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%. The business’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, analysts expect that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were paid a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio is 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.