Amcor PLC $AMCR Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Amcor PLC (NYSE:AMCR) by 395.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,760,659 shares of the company’s stock after purchasing an additional 2,203,982 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Amcor were worth $23,663,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMCR. Quent Capital LLC purchased a new position in shares of Amcor in the 3rd quarter valued at $27,000. DecisionPoint Financial LLC acquired a new position in Amcor in the second quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Amcor during the second quarter worth about $36,000. Huntington National Bank increased its position in shares of Amcor by 81.8% during the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Sentry Investment Management LLC lifted its holdings in shares of Amcor by 510.8% in the 3rd quarter. Sentry Investment Management LLC now owns 4,911 shares of the company’s stock valued at $39,000 after purchasing an additional 4,107 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analysts Set New Price Targets

AMCR has been the topic of a number of research reports. Morgan Stanley downgraded Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a research note on Wednesday, January 28th. Truist Financial boosted their price objective on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Robert W. Baird set a $54.00 target price on shares of Amcor in a report on Wednesday, February 4th. Finally, Wells Fargo & Company cut shares of Amcor from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.25.

Amcor Stock Down 0.6%

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 business has a 50 day moving average price of $45.00 and a two-hundred day moving average price 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 company has a market cap of $18.07 billion, a PE ratio of 25.56, a P/E/G ratio of 0.92 and a beta of 0.65.

Amcor (NYSE:AMCR) last announced its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The company’s revenue was up 68.1% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, research analysts anticipate that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date was Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is 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.