Dakota Wealth Management Buys 147,639 Shares of Amcor PLC $AMCR

Dakota Wealth Management lifted its stake in Amcor PLC (NYSE:AMCR) by 74.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 reporting period.

Other large investors have also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its holdings in Amcor by 13.4% during the 4th quarter. Global X Japan Co. Ltd. now owns 72,140 shares of the company’s stock valued at $602,000 after buying an additional 8,498 shares during the period. CoreCap Advisors LLC lifted its position in Amcor by 54.4% in the fourth quarter. CoreCap Advisors LLC now owns 6,785 shares of the company’s stock worth $57,000 after buying an additional 2,390 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in Amcor by 42.1% during the fourth quarter. SeaCrest Wealth Management LLC now owns 14,419 shares of the company’s stock worth $121,000 after buying an additional 4,271 shares during the period. Castleview Partners LLC boosted its stake in Amcor by 25.1% during the fourth quarter. Castleview Partners LLC now owns 37,178 shares of the company’s stock worth $310,000 after buying an additional 7,449 shares during the period. Finally, Central Valley Advisors LLC increased its position in Amcor by 10.4% during the fourth quarter. Central Valley Advisors LLC now owns 177,313 shares of the company’s stock valued at $1,479,000 after acquiring an additional 16,640 shares during the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

AMCR stock opened at $38.64 on Friday. Amcor PLC has a twelve month low of $38.02 and a twelve month high of $50.94. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.93 and a beta of 0.65. The business’s fifty day simple moving average is $44.80 and its two-hundred day simple moving average is $42.60. 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 (NYSE:AMCR) last issued its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The business’s revenue was up 68.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMCR shares. Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research report on Wednesday, January 28th. Citigroup reissued a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Finally, Truist Financial boosted their target price on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. One investment 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.25.

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.