Dakota Wealth Management Grows Stake in Amcor PLC $AMCR

Dakota Wealth Management boosted its holdings in shares of Amcor PLC (NYSE:AMCR) by 74.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 345,449 shares of the company’s stock after purchasing an additional 147,639 shares during the quarter. Dakota Wealth Management’s holdings in Amcor were worth $2,881,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp boosted its stake in Amcor by 7.2% in the 3rd quarter. State Street Corp now owns 139,077,241 shares of the company’s stock worth $1,137,652,000 after purchasing an additional 9,375,255 shares during the period. Vanguard Group Inc. raised its position in shares of Amcor by 1.1% during the third quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock valued at $911,991,000 after buying an additional 1,262,294 shares during the last quarter. M&G PLC raised its position in shares of Amcor by 26.6% during the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock valued at $866,672,000 after buying an additional 22,737,979 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Amcor by 29.9% in the third quarter. Invesco Ltd. now owns 47,111,558 shares of the company’s stock worth $385,373,000 after buying an additional 10,846,351 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Amcor by 103.9% in the third quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company’s stock worth $321,837,000 after buying an additional 20,052,979 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Trading Down 3.1%

Shares of AMCR opened at $38.64 on Friday. The stock has a market capitalization of $17.85 billion, a PE ratio of 25.25, a P/E/G ratio of 0.93 and a beta of 0.65. The company’s fifty day moving average is $44.80 and its 200 day moving average is $42.60. 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 PLC has a fifty-two week low of $38.02 and a fifty-two week high of $50.94.

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

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a $0.65 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 annualized dividend and a yield of 6.7%. Amcor’s dividend payout ratio (DPR) is currently 169.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMCR shares. Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $48.00 to $43.00 in a research note on Friday, March 20th. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a report on Wednesday, January 28th. Citigroup restated a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Finally, Truist Financial lifted their target price on Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.