Amcor PLC $AMCR Position Raised by Board of the Pension Protection Fund

Board of the Pension Protection Fund raised its position in shares of Amcor PLC (NYSE:AMCR) by 96.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 186,600 shares of the company’s stock after purchasing an additional 91,600 shares during the quarter. Board of the Pension Protection Fund’s holdings in Amcor were worth $1,556,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Amcor by 61.8% in the 2nd quarter. Vanguard Group Inc. now owns 110,228,036 shares of the company’s stock worth $1,012,996,000 after buying an additional 42,122,135 shares in the last quarter. State Street Corp raised its holdings in shares of Amcor by 41.4% in the 2nd quarter. State Street Corp now owns 129,701,986 shares of the company’s stock worth $1,191,961,000 after purchasing an additional 37,982,310 shares in the last quarter. Norges Bank acquired a new stake in Amcor during the second quarter valued at approximately $328,839,000. Charles Schwab Investment Management Inc. lifted its stake in Amcor by 62.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 80,770,303 shares of the company’s stock valued at $742,279,000 after purchasing an additional 30,938,660 shares during the last quarter. Finally, M&G PLC boosted its holdings in Amcor by 26.6% during the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after buying an additional 22,737,979 shares in the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Amcor Price Performance

NYSE AMCR opened at $38.67 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. Amcor PLC has a 12-month low of $38.02 and a 12-month high of $50.94. The company has a 50 day moving average price of $45.27 and a two-hundred day moving average price of $42.71. The stock has a market capitalization of $17.87 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 0.93 and a beta of 0.65.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. Amcor’s revenue for the quarter was up 68.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities analysts predict that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.7%. Amcor’s dividend payout ratio is currently 169.93%.

Analysts Set New Price Targets

Several research analysts have issued reports on AMCR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Truist Financial upped 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. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research note on Wednesday, January 28th. Robert W. Baird set a $54.00 price objective on Amcor in a report on Wednesday, February 4th. Finally, Wells Fargo & Company upped their price objective on shares of Amcor from $9.00 to $48.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.88.

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.