Amcor PLC $AMCR Shares Acquired by Central Valley Advisors LLC

Central Valley Advisors LLC increased its holdings in shares of Amcor PLC (NYSE:AMCR) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 177,313 shares of the company’s stock after acquiring an additional 16,640 shares during the period. Central Valley Advisors LLC’s holdings in Amcor were worth $1,479,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in Amcor by 7.2% during the third quarter. State Street Corp now owns 139,077,241 shares of the company’s stock worth $1,137,652,000 after acquiring an additional 9,375,255 shares during the period. Vanguard Group Inc. grew its position in shares of Amcor by 1.1% in the third quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company’s stock valued at $911,991,000 after purchasing an additional 1,262,294 shares during the period. M&G PLC increased its stake in shares of Amcor by 26.6% during the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock worth $866,672,000 after purchasing an additional 22,737,979 shares in the last quarter. Invesco Ltd. increased its stake in shares of Amcor by 29.9% during the third quarter. Invesco Ltd. now owns 47,111,558 shares of the company’s stock worth $385,373,000 after purchasing an additional 10,846,351 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Amcor by 103.9% during the 3rd quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company’s stock worth $321,837,000 after purchasing an additional 20,052,979 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Stock Up 3.7%

Shares of NYSE AMCR opened at $40.60 on Thursday. Amcor PLC has a 12-month low of $38.02 and a 12-month high of $50.94. The stock has a market cap of $18.76 billion, a PE ratio of 26.53, a P/E/G ratio of 0.91 and a beta of 0.65. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. The company has a 50-day moving average of $44.93 and a 200 day moving average of $42.64.

Amcor (NYSE:AMCR) last released its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping 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 business’s revenue was up 68.1% on a year-over-year basis. During the same period last year, the company 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a dividend of $0.65 per share. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a yield of 6.4%. Amcor’s dividend payout ratio (DPR) is presently 169.93%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMCR shares. Robert W. Baird set a $54.00 price target on shares of Amcor in a research note on Wednesday, February 4th. Wells Fargo & Company cut Amcor from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $48.00 to $43.00 in a report on Friday, March 20th. Truist Financial raised their target price on Amcor from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Finally, Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and a consensus target price of $52.25.

About Amcor

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.