Amcor PLC $AMCR Stock Position Raised by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC increased its stake in Amcor PLC (NYSE:AMCR) by 27.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 134,798 shares of the company’s stock after buying an additional 28,658 shares during the period. Frank Rimerman Advisors LLC’s holdings in Amcor were worth $1,124,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Amcor by 8.4% in the 1st 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 in the last quarter. Focus Partners Wealth raised its holdings 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 period. Sivia Capital Partners LLC purchased a new stake in Amcor during the second quarter valued at about $138,000. Prudential Financial Inc. lifted its stake in Amcor by 124.5% during the second quarter. Prudential Financial Inc. now owns 395,591 shares of the company’s stock valued at $3,635,000 after buying an additional 219,390 shares in the last quarter. Finally, Choreo LLC acquired a new position in shares of Amcor in the second quarter worth about $165,000. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Trading Up 2.6%

Shares of NYSE AMCR opened at $40.78 on Thursday. Amcor PLC has a one year low of $37.94 and a one year high of $50.94. The firm has a market capitalization of $18.84 billion, a PE ratio of 26.65, a PEG ratio of 0.93 and a beta of 0.65. 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 business has a 50-day moving average price of $44.68 and a two-hundred day moving average price of $42.58.

Amcor (NYSE:AMCR) last issued its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm’s quarterly revenue was up 68.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, 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. Investors of record on Wednesday, February 25th were given 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 yield of 6.4%. Amcor’s payout ratio is presently 169.93%.

Analyst Ratings Changes

Several research firms have recently weighed in on AMCR. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research report on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor in a research report on Wednesday. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Truist Financial boosted their target price on shares of Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.00.

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.