Wealth Enhancement Advisory Services LLC Increases Position in Amcor PLC $AMCR

Wealth Enhancement Advisory Services LLC raised its position in shares of Amcor PLC (NYSE:AMCR) by 395.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,760,659 shares of the company’s stock after buying an additional 2,203,982 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.12% of Amcor worth $23,663,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Amcor by 8.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock valued at $2,596,000 after acquiring an additional 20,757 shares during the period. Focus Partners Wealth lifted its position in shares of Amcor by 11.3% during the first quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after purchasing an additional 4,396 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Amcor during the second quarter worth about $138,000. Creative Planning boosted its stake in shares of Amcor by 82.8% in the second quarter. Creative Planning now owns 224,585 shares of the company’s stock valued at $2,064,000 after purchasing an additional 101,751 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Amcor by 26.1% in the second quarter. Cetera Investment Advisers now owns 382,557 shares of the company’s stock valued at $3,516,000 after purchasing an additional 79,099 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company’s stock.

Amcor Trading Down 0.6%

NYSE AMCR opened at $39.11 on Wednesday. Amcor PLC has a 52 week low of $38.02 and a 52 week high of $50.94. The firm has a 50 day moving average of $45.00 and a two-hundred day moving average of $42.66. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $18.07 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 0.92 and a beta of 0.65.

Amcor (NYSE:AMCR) last announced its quarterly earnings data 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 business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company’s revenue was up 68.1% on a year-over-year basis. During the same period last year, the business 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 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio is currently 169.93%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AMCR shares. Robert W. Baird set a $54.00 target price on shares of Amcor in a report on Wednesday, February 4th. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Wednesday, January 28th. Truist Financial lifted their target price on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Finally, Wells Fargo & Company downgraded Amcor from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $48.00 to $43.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $52.25.

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.