Asset Management One Co. Ltd. Grows Stock Position in Amcor PLC $AMCR

Asset Management One Co. Ltd. lifted its holdings in Amcor PLC (NYSE:AMCR) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,019,503 shares of the company’s stock after purchasing an additional 18,410 shares during the period. Asset Management One Co. Ltd. owned about 0.22% of Amcor worth $8,612,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AMCR. Quent Capital LLC purchased a new position in shares of Amcor in the 3rd quarter valued at about $27,000. Brown Lisle Cummings Inc. increased its stake in shares of Amcor by 137.9% in the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after purchasing an additional 2,000 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of Amcor in the 2nd quarter valued at about $36,000. Huntington National Bank increased its stake in shares of Amcor by 81.8% in the 3rd quarter. Huntington National Bank now owns 4,490 shares of the company’s stock valued at $37,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Sentry Investment Management LLC increased its stake in shares of Amcor by 510.8% in the 3rd quarter. Sentry Investment Management LLC now owns 4,911 shares of the company’s stock valued at $39,000 after purchasing an additional 4,107 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Analyst Ratings Changes

AMCR has been the subject of several research reports. Truist Financial cut their price objective on Amcor from $60.00 to $50.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Morgan Stanley lowered 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. Robert W. Baird set a $54.00 price objective on Amcor in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Finally, Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average target price of $50.89.

Amcor Stock Down 1.2%

Amcor stock opened at $41.14 on Wednesday. The firm has a market capitalization of $19.01 billion, a P/E ratio of 26.89, a P/E/G ratio of 0.98 and a beta of 0.71. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. Amcor PLC has a twelve month low of $37.94 and a twelve month high of $50.94. The stock’s fifty day simple moving average is $43.34 and its 200-day simple moving average is $42.58.

Amcor (NYSE:AMCR) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $3.24 billion for 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 company’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same period last year, the firm earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities analysts expect that Amcor PLC will post 3.98 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently disclosed 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 6.3%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is presently 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.