D.A. Davidson & CO. Acquires 26,538 Shares of Amcor PLC $AMCR

D.A. Davidson & CO. grew its holdings in Amcor PLC (NYSE:AMCR) by 22.1% in the fourth quarter, Holdings Channel reports. The firm owned 146,765 shares of the company’s stock after buying an additional 26,538 shares during the quarter. D.A. Davidson & CO.’s holdings in Amcor were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Amcor by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company’s stock worth $2,596,000 after purchasing an additional 20,757 shares in the last quarter. Focus Partners Wealth increased its holdings in shares of Amcor by 11.3% in the 1st quarter. Focus Partners Wealth now owns 43,137 shares of the company’s stock worth $418,000 after purchasing an additional 4,396 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Amcor in the 2nd quarter worth $138,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Amcor in the 2nd quarter worth $6,426,000. Finally, CW Advisors LLC bought a new stake in shares of Amcor in the 2nd quarter worth $228,000. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Performance

Shares of AMCR opened at $37.77 on Friday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. Amcor PLC has a one year low of $37.22 and a one year high of $50.94. The firm has a market capitalization of $17.45 billion, a P/E ratio of 24.69, a PEG ratio of 1.05 and a beta of 0.64. The business has a fifty day moving average of $41.81 and a 200 day moving average of $42.51.

Amcor (NYSE:AMCR) last issued 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. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. Amcor’s revenue was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, sell-side analysts anticipate that Amcor PLC will post 3.94 EPS for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 6.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s payout ratio is currently 169.93%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Morgan Stanley lowered Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a report on Wednesday, January 28th. Wells Fargo & Company lowered Amcor from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $48.00 to $43.00 in a report on Friday, March 20th. Truist Financial reduced their target price on Amcor from $60.00 to $50.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Citigroup reissued a “buy” rating on shares of Amcor in a report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Amcor in a report on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $50.89.

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.