Groupama Asset Managment bought a new stake in Amcor PLC (NYSE:AMCR – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,059 shares of the company’s stock, valued at approximately $205,000.
Several other hedge funds have also bought and sold shares of the company. Quent Capital LLC bought a new stake in Amcor in the third quarter valued at approximately $27,000. DecisionPoint Financial LLC bought a new position in shares of Amcor during the 2nd quarter worth approximately $34,000. CYBER HORNET ETFs LLC bought a new position in shares of Amcor during the 2nd quarter worth approximately $36,000. LSV Asset Management bought a new position in Amcor during the second quarter worth $37,000. Finally, Huntington National Bank increased its holdings in shares of Amcor by 81.8% in the third 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 during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.
Amcor Stock Down 1.1%
AMCR opened at $38.25 on Friday. The stock has a fifty day moving average of $45.17 and a 200-day moving average of $42.68. The company has a market capitalization of $17.67 billion, a P/E ratio of 25.00, a P/E/G ratio of 0.89 and a beta of 0.65. Amcor PLC has a fifty-two week low of $38.02 and a fifty-two week high of $50.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30.
Amcor Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio is presently 169.93%.
Amcor News Roundup
Here are the key news stories impacting Amcor this week:
- Positive Sentiment: Amcor’s Winterbourne site achieved ISO 13485 certification, strengthening its capabilities and positioning in healthcare packaging — a potential long-term revenue and margin positive in medical segments. Amcor’s Winterbourne site achieves ISO 13485 certification
- Positive Sentiment: Amcor’s Earth Sense® Pro won a sustainability award from the Flexible Packaging Association — boosts ESG credentials and supports demand from sustainability-focused customers. Amcor’s Earth Sense® Pro wins FPA award
- Neutral Sentiment: Industry/ETF flow dynamics: coverage noting Amcor is drawing interest as S&P 500 fund trends evolve — could alter passive/active flows but impact is uncertain until reweighting occurs. Amcor Draws Interest As S&P 500 Fund Trends Evolve
- Neutral Sentiment: Valuation/DCF debate: a recent note reviews conflicting discounted cash‑flow signals after share weakness — highlights investor disagreement on fair value and sensitivity to assumptions. That keeps sentiment mixed. A Look At Amcor Valuation After Recent Share Price Weakness And Conflicting DCF Signals
- Neutral Sentiment: Market commentary notes Amcor has recently outperformed some indices, and analysts remain moderately optimistic — but this hasn’t prevented near-term downside pressure from fresh analyst actions. Is Amcor Stock Outperforming the Nasdaq?
- Negative Sentiment: Wells Fargo downgraded Amcor from Overweight to Equal Weight and cut its price target to $43 from $48 — a clear near-term headwind that likely pressured the stock as analysts reprice upside. Wells Fargo downgrades Amcor (AMCR)
- Negative Sentiment: Short-term market action: headlines and market data report the stock fell and underperformed the market on recent sessions, with above-average volume — signals investors are taking profits or reducing exposure after recent gains. Amcor PLC stock falls Thursday, underperforms market
Analyst Upgrades and Downgrades
AMCR has been the topic of several research analyst reports. Wells Fargo & Company lowered 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. 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. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Truist Financial increased their price target on shares of Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Citigroup restated a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.25.
View Our Latest Research Report on AMCR
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.
Further Reading
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