Ellsworth Advisors LLC Lowers Stock Holdings in Amcor PLC $AMCR

Ellsworth Advisors LLC reduced its stake in Amcor PLC (NYSE:AMCR) by 78.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,793 shares of the company’s stock after selling 84,511 shares during the quarter. Ellsworth Advisors LLC’s holdings in Amcor were worth $190,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Brookstone Capital Management raised its stake in shares of Amcor by 3.1% during the fourth quarter. Brookstone Capital Management now owns 31,231 shares of the company’s stock valued at $260,000 after acquiring an additional 938 shares in the last quarter. First County Bank CT boosted its holdings in shares of Amcor by 5.8% in 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 grew its stake in Amcor by 3.3% in the third quarter. GAMMA Investing LLC now owns 40,471 shares of the company’s stock worth $331,000 after purchasing an additional 1,305 shares in the last quarter. New York Life Investment Management LLC increased 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 worth $2,556,000 after purchasing an additional 1,314 shares during the period. Finally, Parvin Asset Management LLC increased 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 worth $1,336,000 after purchasing an additional 1,500 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

Amcor Stock Performance

AMCR stock opened at $39.94 on Friday. The firm has a market cap of $18.45 billion, a price-to-earnings ratio of 26.10, a PEG ratio of 0.95 and a beta of 0.71. The firm has a 50-day simple moving average of $44.62 and a two-hundred day simple moving average of $42.56. Amcor PLC has a one year low of $37.94 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.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company’s quarterly revenue was up 68.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s payout ratio is currently 169.93%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMCR. Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $48.00 to $43.00 in a report on Friday, March 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research note on Wednesday, February 4th. Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a research report on Wednesday. They set a “buy” rating and a $50.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Amcor currently has a consensus rating of “Moderate Buy” and a consensus price target 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.