CreativeOne Wealth LLC Has $1.82 Million Stock Holdings in Amcor PLC $AMCR

CreativeOne Wealth LLC raised its position in Amcor PLC (NYSE:AMCR) by 17.3% during the third quarter, Holdings Channel reports. The institutional investor owned 222,108 shares of the company’s stock after buying an additional 32,807 shares during the quarter. CreativeOne Wealth LLC’s holdings in Amcor were worth $1,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AMCR. Quent Capital LLC acquired a new position in shares of Amcor during the third quarter valued at $27,000. DecisionPoint Financial LLC bought a new position in Amcor in the second quarter valued at about $34,000. CYBER HORNET ETFs LLC acquired a new stake in Amcor in the second quarter worth about $36,000. LSV Asset Management bought a new stake in Amcor during the 2nd quarter worth about $37,000. Finally, Huntington National Bank raised its holdings in Amcor by 81.8% during the 3rd quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after purchasing an additional 2,020 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on AMCR. Morgan Stanley lowered 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 note on Wednesday, January 28th. Wells Fargo & Company boosted their price target on shares of Amcor from $9.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Citigroup restated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Truist Financial raised their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.88.

Amcor Trading Up 1.0%

NYSE:AMCR traded up $0.42 during mid-day trading on Friday, hitting $40.75. The company had a trading volume of 544,388 shares, compared to its average volume of 5,850,542. 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 fifty-two week low of $38.33 and a fifty-two week high of $50.94. The firm has a market cap of $18.83 billion, a P/E ratio of 26.50, a P/E/G ratio of 0.99 and a beta of 0.65. The business’s fifty day moving average is $45.51 and its two-hundred day moving average is $42.80.

Amcor (NYSE:AMCR) last posted its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The company’s revenue for the quarter was up 68.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.80 EPS. 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 year.

Amcor Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a yield of 6.4%. Amcor’s payout ratio is currently 169.93%.

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.