Foster & Motley Inc. Has $847,000 Stock Position in Amcor PLC $AMCR

Foster & Motley Inc. lowered its stake in Amcor PLC (NYSE:AMCR) by 21.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,572 shares of the company’s stock after selling 28,042 shares during the period. Foster & Motley Inc.’s holdings in Amcor were worth $847,000 as of its most recent filing with the SEC.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AMCR shares. Citigroup reissued a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research note on Wednesday, January 28th. Truist Financial raised their target price on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Wells Fargo & Company lowered Amcor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $48.00 to $43.00 in a research note on Friday, March 20th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Amcor Trading Up 2.6%

Shares of Amcor stock opened at $40.78 on Thursday. The firm’s 50 day moving average is $44.68 and its 200 day moving average is $42.58. The firm has a market capitalization of $18.84 billion, a PE ratio of 26.65, a price-to-earnings-growth ratio of 0.93 and a beta of 0.65. Amcor PLC has a 1 year low of $37.94 and a 1 year high of $50.94. 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 (NYSE:AMCR) last issued 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. The business had revenue of $3.24 billion during 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 firm’s revenue was up 68.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio 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.