Foster & Motley Inc. Sells 28,042 Shares of Amcor PLC $AMCR

Foster & Motley Inc. trimmed its position in shares of Amcor PLC (NYSE:AMCR) by 21.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 101,572 shares of the company’s stock after selling 28,042 shares during the period. Foster & Motley Inc.’s holdings in Amcor were worth $847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Amcor by 7.2% in the 3rd quarter. State Street Corp now owns 139,077,241 shares of the company’s stock valued at $1,137,652,000 after buying an additional 9,375,255 shares during the last quarter. Vanguard Group Inc. grew its holdings in Amcor by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock worth $911,991,000 after acquiring an additional 1,262,294 shares during the last quarter. M&G PLC grew its holdings in Amcor by 26.6% during the 3rd quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after acquiring an additional 22,737,979 shares during the last quarter. Invesco Ltd. increased its position in Amcor by 29.9% in the 3rd quarter. Invesco Ltd. now owns 47,111,558 shares of the company’s stock valued at $385,373,000 after acquiring an additional 10,846,351 shares during the period. Finally, Federated Hermes Inc. increased its position in Amcor by 103.9% in the 3rd quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company’s stock valued at $321,837,000 after acquiring an additional 20,052,979 shares during the period. 45.14% of the stock is currently owned by institutional investors.

Amcor Stock Up 2.6%

Amcor stock opened at $40.78 on Thursday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. Amcor PLC has a 52-week low of $37.94 and a 52-week high of $50.94. The firm has a 50 day moving average price of $44.68 and a two-hundred day moving average price of $42.58. The firm has a market cap of $18.84 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 0.93 and a beta of 0.65.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating 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 company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s quarterly revenue was up 68.1% on a year-over-year basis. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities analysts predict that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were issued a $0.65 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 annualized dividend and a yield of 6.4%. Amcor’s payout ratio is presently 169.93%.

Analyst Ratings Changes

AMCR has been the topic of a number of recent research reports. Robert W. Baird set a $54.00 price target on shares of Amcor in a report on Wednesday, February 4th. Wells Fargo & Company downgraded 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. Deutsche Bank Aktiengesellschaft started coverage on Amcor in a research report on Wednesday. They set a “buy” rating and a $50.00 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Finally, Truist Financial upped their price target 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, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $52.00.

Amcor 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.