Czech National Bank Grows Holdings in Amcor PLC $AMCR

Czech National Bank raised its holdings in shares of Amcor PLC (NYSE:AMCR) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 608,679 shares of the company’s stock after purchasing an additional 23,171 shares during the quarter. Czech National Bank’s holdings in Amcor were worth $5,076,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First County Bank CT boosted its stake in shares of Amcor by 5.8% during the third quarter. First County Bank CT now owns 23,142 shares of the company’s stock valued at $189,000 after purchasing an additional 1,275 shares during the period. GAMMA Investing LLC increased its stake in Amcor by 3.3% in the 3rd quarter. GAMMA Investing LLC now owns 40,471 shares of the company’s stock worth $331,000 after buying an additional 1,305 shares during the period. New York Life Investment Management LLC lifted its holdings in Amcor by 0.4% during the 3rd quarter. New York Life Investment Management LLC now owns 312,447 shares of the company’s stock valued at $2,556,000 after buying an additional 1,314 shares in the last quarter. Parvin Asset Management LLC lifted its holdings in Amcor by 1.0% during the 2nd quarter. Parvin Asset Management LLC now owns 145,332 shares of the company’s stock valued at $1,336,000 after buying an additional 1,500 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB boosted its position in Amcor by 2.3% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 68,223 shares of the company’s stock valued at $558,000 after buying an additional 1,534 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AMCR. Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Wells Fargo & Company cut Amcor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Finally, Truist Financial lifted 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 analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Amcor presently has an average rating of “Moderate Buy” and a consensus price target of $52.25.

Amcor Stock Down 3.1%

Shares of Amcor stock opened at $38.64 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. The stock has a market cap of $17.85 billion, a price-to-earnings ratio of 25.25, a PEG ratio of 0.90 and a beta of 0.65. The firm’s 50-day moving average is $44.80 and its two-hundred day moving average is $42.62. Amcor PLC has a 1 year low of $38.02 and a 1 year high of $50.94.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating 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 business had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The company’s quarterly 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, research analysts expect that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were issued 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 6.7%. 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.