MBB Public Markets I LLC Lowers Stake in Amcor PLC $AMCR

MBB Public Markets I LLC lowered its holdings in shares of Amcor PLC (NYSE:AMCR) by 59.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,107 shares of the company’s stock after selling 16,069 shares during the period. MBB Public Markets I LLC’s holdings in Amcor were worth $91,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMCR. Wells Fargo & Company increased their target price on Amcor from $9.00 to $48.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Citigroup reissued a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Finally, Truist Financial lifted their target price on shares of Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.88.

Amcor Stock Up 0.2%

AMCR stock opened at $40.64 on Tuesday. Amcor PLC has a 1-year low of $38.33 and a 1-year high of $50.94. The business has a fifty day moving average price of $45.45 and a 200-day moving average price of $42.78. 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 capitalization of $18.78 billion, a P/E ratio of 26.56, a P/E/G ratio of 0.95 and a beta of 0.65.

Amcor (NYSE:AMCR) last released its quarterly earnings data 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 return on equity of 15.57% and a net margin of 3.04%.The company had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $5.53 billion. During the same period last year, the firm posted $0.80 earnings per share. Amcor’s 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. Equities analysts forecast that Amcor PLC will post 0.74 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is presently 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.