Diversify Advisory Services LLC Grows Position in Amcor PLC $AMCR

Diversify Advisory Services LLC increased its holdings in Amcor PLC (NYSE:AMCR) by 18.2% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 204,233 shares of the company’s stock after buying an additional 31,467 shares during the quarter. Diversify Advisory Services LLC’s holdings in Amcor were worth $1,605,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amcor by 8.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock worth $2,596,000 after acquiring an additional 20,757 shares during the period. Focus Partners Wealth boosted its holdings in Amcor by 11.3% in 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 during the last quarter. Sivia Capital Partners LLC purchased a new stake in Amcor in the second quarter worth approximately $138,000. Savant Capital LLC grew its position in Amcor by 912.8% in the 2nd quarter. Savant Capital LLC now owns 257,919 shares of the company’s stock worth $2,370,000 after purchasing an additional 232,454 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Amcor in the 2nd quarter worth approximately $94,000. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

AMCR traded up $0.42 during trading on Friday, hitting $40.75. The company’s stock had a trading volume of 544,388 shares, compared to its average volume of 5,850,542. The business’s 50 day simple moving average is $45.51 and its 200-day simple moving average is $42.80. The firm has a market cap of $18.83 billion, a PE ratio of 26.50, a P/E/G ratio of 0.99 and a beta of 0.65. Amcor PLC has a one year low of $38.33 and a one year high of $50.94. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm 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%.Amcor’s revenue was up 68.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, sell-side analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th will be given a $0.65 dividend. 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 dividend payout ratio is presently 169.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a report on Wednesday, January 28th. Robert W. Baird set a $54.00 price objective on Amcor in a report on Wednesday, February 4th. Truist Financial upped their price objective on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.88.

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.