Central Valley Advisors LLC Raises Stock Holdings in Amcor PLC $AMCR

Central Valley Advisors LLC raised its position in shares of Amcor PLC (NYSE:AMCR) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 177,313 shares of the company’s stock after purchasing an additional 16,640 shares during the quarter. Central Valley Advisors LLC’s holdings in Amcor were worth $1,479,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Amcor by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock worth $2,596,000 after purchasing an additional 20,757 shares during the period. Focus Partners Wealth raised its position in Amcor by 11.3% during the 1st quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after buying an additional 4,396 shares during the last quarter. Sivia Capital Partners LLC acquired a new stake in Amcor during the 2nd quarter valued at approximately $138,000. Creative Planning lifted its stake in Amcor by 82.8% during the 2nd quarter. Creative Planning now owns 224,585 shares of the company’s stock valued at $2,064,000 after acquiring an additional 101,751 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in shares of Amcor by 26.1% in the 2nd quarter. Cetera Investment Advisers now owns 382,557 shares of the company’s stock valued at $3,516,000 after acquiring an additional 79,099 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMCR has been the subject of several recent research reports. Robert W. Baird set a $54.00 target price on shares of Amcor in a report on Wednesday, February 4th. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research report on Wednesday, January 28th. Wells Fargo & Company cut 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 restated a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Amcor currently has an average rating of “Moderate Buy” and a consensus price target of $52.25.

Amcor Stock Up 3.7%

AMCR stock opened at $40.60 on Thursday. Amcor PLC has a one year low of $38.02 and a one year 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 firm’s fifty day moving average is $44.93 and its 200 day moving average is $42.64. The firm has a market cap of $18.76 billion, a PE ratio of 26.53, a P/E/G ratio of 0.91 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 for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $5.53 billion. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company’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. On average, research analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

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 dividend of $0.65 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a yield of 6.4%. Amcor’s dividend payout ratio is currently 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.