Amcor (NYSE:AMCR) Shares Break Below Fifty Day Moving Average – Time to Sell?

Amcor PLC (NYSE:AMCR) shares passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $43.87 and traded as low as $43.77. Amcor shares last traded at $43.8040, with a volume of 2,655,895 shares trading hands.

Wall Street Analysts Forecast Growth

AMCR has been the subject of a number of recent research reports. Truist Financial upped their target price on Amcor from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. JPMorgan Chase & Co. downgraded shares of Amcor from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $44.00 to $47.00 in a research note on Monday, August 17th. Jefferies Financial Group set a $44.92 price target on shares of Amcor and gave the company a “hold” rating in a report on Tuesday, July 21st. Weiss Ratings upgraded shares of Amcor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 29th. Finally, UBS Group restated a “buy” rating on shares of Amcor in a research note on Thursday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.36.

Amcor Stock Performance

The company has a current ratio of 1.40, a quick ratio of 0.83 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $20.25 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 1.87 and a beta of 0.56. The stock has a fifty day moving average price of $43.87 and a 200-day moving average price of $43.19.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.01). Amcor had a net margin of 4.55% and a return on equity of 15.85%. The company had revenue of $6.13 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the firm earned $0.11 EPS. As a group, analysts anticipate that Amcor PLC will post 3.15 earnings per share for the current fiscal year.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $0.66 per share. The ex-dividend date of this dividend is Wednesday, November 25th. This is a boost from Amcor’s previous quarterly dividend of $0.65. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.0%. Amcor’s dividend payout ratio (DPR) is 111.59%.

Institutional Investors Weigh In On Amcor

Several large investors have recently made changes to their positions in AMCR. Silicon Valley Capital Partners increased its position in shares of Amcor by 27.0% during the 2nd quarter. Silicon Valley Capital Partners now owns 237,654 shares of the company’s stock worth $10,302,000 after purchasing an additional 50,510 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Amcor by 219.4% during the second quarter. Concurrent Investment Advisors LLC now owns 64,241 shares of the company’s stock worth $2,785,000 after buying an additional 44,125 shares in the last quarter. Dupree Financial Group LLC raised its stake in shares of Amcor by 41.5% in the third quarter. Dupree Financial Group LLC now owns 267,653 shares of the company’s stock valued at $11,204,000 after acquiring an additional 78,544 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Amcor by 8.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 409,627 shares of the company’s stock worth $18,061,000 after acquiring an additional 30,657 shares in the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in shares of Amcor in the 3rd quarter worth approximately $3,524,000. Institutional investors own 45.14% of the company’s stock.

Amcor Company Profile

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications. The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.