First Bank & Trust Purchases 38,632 Shares of Amcor PLC $AMCR

First Bank & Trust grew its position in Amcor PLC (NYSE:AMCR) by 38.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,234 shares of the company’s stock after acquiring an additional 38,632 shares during the period. First Bank & Trust’s holdings in Amcor were worth $1,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quent Capital LLC bought a new stake in Amcor during the 3rd quarter worth approximately $27,000. DecisionPoint Financial LLC acquired a new stake in Amcor during the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC bought a new position in Amcor in the 2nd quarter valued at $36,000. Huntington National Bank boosted its stake in Amcor by 81.8% in the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its stake in Amcor by 510.8% in the third quarter. Sentry Investment Management LLC now owns 4,911 shares of the company’s stock worth $39,000 after purchasing an additional 4,107 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Stock Up 3.7%

NYSE AMCR opened at $40.60 on Thursday. The stock has a market capitalization of $18.76 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 0.91 and a beta of 0.65. Amcor PLC has a 52 week low of $38.02 and a 52 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. The stock has a fifty day moving average of $44.93 and a 200-day moving average of $42.64.

Amcor (NYSE:AMCR) last issued its quarterly earnings results 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 analyst estimates of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities research analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The firm also recently announced 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 (DPR) is 169.93%.

Analysts Set New Price Targets

AMCR has been the subject of a number of research reports. Wells Fargo & Company lowered Amcor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $48.00 to $43.00 in a research note on Friday, March 20th. Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a report on Wednesday, January 28th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Finally, Citigroup reiterated 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $52.25.

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.