Amcor PLC $AMCR Position Boosted by Danske Bank A S

Key Points

• Danske Bank increased its stake in Amcor by 28.9%, buying an additional 349,791 shares to hold 1,561,565 shares (about 0.34% of the company) valued at roughly $13.0 million.
• Analyst sentiment is mixed: MarketBeat shows a consensus of "Moderate Buy" with an average target of $50.89, but several firms (Morgan Stanley, Wells Fargo, Truist) recently cut ratings or lowered price targets.
• Amcor paid a quarterly dividend of $0.65 (annualized yield ~6.9%) despite a very high payout ratio (~169.9%); the company slightly beat EPS forecasts last quarter and set FY2026 guidance of 4.00–4.15 EPS.

Danske Bank A S grew its holdings in shares of Amcor PLC (NYSE:AMCR - Free Report) by 28.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,561,565 shares of the company's stock after purchasing an additional 349,791 shares during the period. Danske Bank A S owned approximately 0.34% of Amcor worth $13,023,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Quent Capital LLC bought a new position in shares of Amcor during the 3rd quarter valued at about $27,000. Brown Lisle Cummings Inc. boosted its position in shares of Amcor by 137.9% during the 4th quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company's stock valued at $29,000 after purchasing an additional 2,000 shares in the last quarter. N.E.W. Advisory Services LLC boosted its position in shares of Amcor by 10.1% during the 4th quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company's stock valued at $34,000 after purchasing an additional 373 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in shares of Amcor during the 2nd quarter valued at about $36,000. Finally, Huntington National Bank boosted its position in shares of Amcor by 81.8% during the 3rd quarter. Huntington National Bank now owns 4,490 shares of the company's stock valued at $37,000 after purchasing an additional 2,020 shares in the last quarter. Institutional investors own 45.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on AMCR shares. Weiss Ratings lowered shares of Amcor from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, April 27th. Morgan Stanley lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price objective for the company. in a research note on Wednesday, January 28th. Truist Financial reduced their price objective on shares of Amcor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, April 15th. Wells Fargo & Company lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $48.00 to $43.00 in a research note on Friday, March 20th. Finally, Citigroup reaffirmed a "buy" rating on shares of Amcor in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

Amcor Price Performance

NYSE AMCR opened at $37.77 on Monday. The company has a 50 day simple moving average of $41.81 and a 200-day simple moving average of $42.52. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. The firm has a market capitalization of $17.45 billion, a price-to-earnings ratio of 24.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63. Amcor PLC has a 52-week low of $37.22 and a 52-week high of $50.94.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $3.24 billion during 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 firm's revenue was up 68.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts predict that Amcor PLC will post 3.94 earnings per share for the current fiscal year.

Amcor Announces Dividend

The firm 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. 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 dividend payout ratio (DPR) is presently 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.

Want to see what other hedge funds are holding AMCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amcor PLC (NYSE:AMCR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.