SG Americas Securities LLC Has $17.49 Million Holdings in Amcor PLC $AMCR

SG Americas Securities LLC boosted its holdings in shares of Amcor PLC (NYSE:AMCR) by 723.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,096,593 shares of the company’s stock after acquiring an additional 1,841,860 shares during the period. SG Americas Securities LLC owned approximately 0.09% of Amcor worth $17,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new stake in Amcor during the 3rd quarter worth approximately $27,000. DecisionPoint Financial LLC acquired a new position in shares of Amcor in the second quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in shares of Amcor during the second quarter worth $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 acquiring an additional 2,020 shares in the last quarter. Finally, Sentry Investment Management LLC raised its holdings in shares of Amcor by 510.8% during the third quarter. Sentry Investment Management LLC now owns 4,911 shares of the company’s stock worth $39,000 after acquiring an additional 4,107 shares during the period. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Price Performance

NYSE:AMCR opened at $38.64 on Friday. Amcor PLC has a 52-week low of $38.02 and a 52-week high of $50.94. The company has a market cap of $17.85 billion, a P/E ratio of 25.25, a P/E/G ratio of 0.93 and a beta of 0.65. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. The stock’s 50-day simple moving average is $44.80 and its 200 day simple moving average is $42.60.

Amcor (NYSE:AMCR) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping 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 firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the firm earned $0.80 EPS. The business’s quarterly revenue was up 68.1% on a year-over-year basis. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, sell-side analysts forecast that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio is presently 169.93%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMCR. Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Morgan Stanley lowered 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. Truist Financial upped their price objective on Amcor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, Citigroup reiterated a “buy” rating on shares of Amcor in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $52.25.

Amcor Company 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.