Amcor PLC $AMCR Shares Bought by Demars Financial Group LLC

Demars Financial Group LLC raised its position in Amcor PLC (NYSE:AMCR) by 77.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,501 shares of the company’s stock after acquiring an additional 25,475 shares during the period. Demars Financial Group LLC’s holdings in Amcor were worth $488,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stratos Wealth Partners LTD. increased its position in shares of Amcor by 3.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 26,857 shares of the company’s stock valued at $224,000 after purchasing an additional 832 shares during the last quarter. Brookstone Capital Management increased its position in shares of Amcor by 3.1% in the 4th quarter. Brookstone Capital Management now owns 31,231 shares of the company’s stock valued at $260,000 after purchasing an additional 938 shares during the last quarter. First County Bank CT increased its position in shares of Amcor by 5.8% in the 3rd quarter. First County Bank CT now owns 23,142 shares of the company’s stock valued at $189,000 after purchasing an additional 1,275 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Amcor by 3.3% in the 3rd quarter. GAMMA Investing LLC now owns 40,471 shares of the company’s stock valued at $331,000 after purchasing an additional 1,305 shares during the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Amcor by 0.4% in 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 purchasing an additional 1,314 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMCR. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Wells Fargo & Company downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $48.00 to $43.00 in a research report on Friday, March 20th. Citigroup reissued a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

Amcor Trading Up 8.5%

NYSE AMCR opened at $42.35 on Thursday. 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 firm’s fifty day moving average price is $44.29 and its 200 day moving average price is $42.53. The company has a market capitalization of $19.57 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71. Amcor PLC has a 12 month low of $37.94 and a 12 month high of $50.94.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company’s revenue was up 68.1% on a year-over-year basis. During the same period last year, the firm posted $0.80 EPS. 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 fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors 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 6.1%. Amcor’s dividend payout ratio is currently 169.93%.

Amcor 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.