Aberdeen Group plc Purchases 27,501 Shares of Amcor PLC $AMCR

Aberdeen Group plc raised its position in shares of Amcor PLC (NYSE:AMCR) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,475,858 shares of the company’s stock after purchasing an additional 27,501 shares during the period. Aberdeen Group plc owned about 0.06% of Amcor worth $12,309,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dakota Wealth Management boosted its stake in shares of Amcor by 74.6% during the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after purchasing an additional 147,639 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Amcor by 213.1% during the fourth quarter. GAMMA Investing LLC now owns 126,702 shares of the company’s stock valued at $1,057,000 after purchasing an additional 86,231 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of Amcor by 64.0% during the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after purchasing an additional 94,753 shares in the last quarter. New Mexico Educational Retirement Board boosted its stake in shares of Amcor by 53.3% during the third quarter. New Mexico Educational Retirement Board now owns 103,550 shares of the company’s stock valued at $847,000 after purchasing an additional 36,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Amcor by 395.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,760,659 shares of the company’s stock valued at $23,663,000 after purchasing an additional 2,203,982 shares in the last quarter. 45.14% of the stock is owned by institutional investors.

Amcor Stock Down 2.0%

Amcor stock opened at $38.99 on Wednesday. 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 stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 0.93 and a beta of 0.71. Amcor PLC has a 1-year low of $37.94 and a 1-year high of $50.94. The business has a fifty day moving average price of $44.32 and a 200-day moving average price of $42.53.

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

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were paid a dividend of $0.65 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a yield of 6.7%. Amcor’s dividend payout ratio is presently 169.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMCR. 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 note on Tuesday, January 6th. Robert W. Baird set a $54.00 target price on shares of Amcor in a report on Wednesday, February 4th. Citigroup reiterated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a report on Wednesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

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.