Amcor PLC $AMCR Shares Bought by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its holdings in Amcor PLC (NYSE:AMCR) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 134,798 shares of the company’s stock after purchasing an additional 28,658 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Amcor were worth $1,124,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Quent Capital LLC acquired a new stake in Amcor in the third quarter worth about $27,000. DecisionPoint Financial LLC acquired a new position in Amcor during the 2nd quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new position in Amcor during the 2nd quarter valued at about $36,000. Huntington National Bank raised its position 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 buying an additional 2,020 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in shares of Amcor by 1,915.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,554 shares of the company’s stock worth $42,000 after buying an additional 4,328 shares in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMCR. Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $48.00 to $43.00 in a report on Friday, March 20th. Citigroup reissued a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Robert W. Baird set a $54.00 price target on Amcor in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Amcor in a research report on Wednesday. They set a “buy” rating and a $50.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Amcor Price Performance

Shares of NYSE AMCR opened at $40.78 on Thursday. Amcor PLC has a twelve month low of $37.94 and a twelve month 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. The firm has a 50-day moving average of $44.68 and a two-hundred day moving average of $42.58. The company has a market capitalization of $18.84 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 0.93 and a beta of 0.65.

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, topping 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 company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s 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. As a group, analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders 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 6.4%. Amcor’s payout ratio is 169.93%.

Amcor Company 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.