Amcor PLC $AMCR Position Reduced by Diversify Wealth Management LLC

Key Points

• Diversify Wealth Management LLC reduced its Amcor stake by 7% in the fourth quarter, though it still held 514,530 shares valued at about $4.5 million at quarter-end.
• Amcor recently beat revenue expectations and raised full-year guidance, helping support the stock, while analysts remained mostly positive despite some lower price targets from Citigroup and JPMorgan.
• The company declared a quarterly dividend of $0.65 per share, equal to a 6.5% annualized yield, reinforcing its appeal for income-focused investors.

Diversify Wealth Management LLC cut its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 514,530 shares of the company's stock after selling 38,720 shares during the quarter. Diversify Wealth Management LLC owned 0.11% of Amcor worth $4,502,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in Amcor during the third quarter valued at about $27,000. Brown Lisle Cummings Inc. lifted its position in shares of Amcor by 137.9% in the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company's stock worth $29,000 after purchasing an additional 2,000 shares in the last quarter. N.E.W. Advisory Services LLC lifted its position in shares of Amcor by 10.1% in the fourth quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company's stock worth $34,000 after purchasing an additional 373 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Amcor in the second quarter worth approximately $36,000. Finally, Huntington National Bank lifted its position in shares of Amcor by 81.8% in the third quarter. Huntington National Bank now owns 4,490 shares of the company's stock worth $37,000 after purchasing an additional 2,020 shares in the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Amcor

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor said revenue topped expectations and raised its full-year guidance, which helped spark buying interest and suggests operating trends are improving. Amcor (AMCR) rises after revenue beat and higher full-year guidance
• Positive Sentiment: Several Wall Street firms remained constructive after the report: Citigroup kept a buy rating, JPMorgan held an overweight view, and Truist reaffirmed a buy rating with a slightly higher target, reinforcing a favorable analyst backdrop. Analyst rating updates
• Positive Sentiment: Amcor also announced a quarterly dividend of $0.65 per share, supporting the stock’s appeal for income-focused investors with a roughly 6.5% annualized yield.
• Neutral Sentiment: An earnings-call summary noted strong synergy progress but some cash flow strain, indicating execution remains important even after the upbeat quarter. Amcor Earnings Call: Synergies Strong, Cash Flow Strained
• Neutral Sentiment: One Seeking Alpha piece argued Amcor looks inexpensive on a forward P/E basis and highlighted the dividend as a reason to wait, which supports valuation but does not point to a major near-term catalyst. Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait
• Negative Sentiment: Despite the positive tone, Citigroup and JPMorgan both lowered price targets, suggesting analysts see a bit less upside than before even while maintaining bullish ratings. Price target reductions

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMCR shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a "buy" rating and a $50.00 price target for the company. Truist Financial reissued a "buy" rating and issued a $51.00 price target (up from $50.00) on shares of Amcor in a research report on Thursday. Wells Fargo & Company lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and reduced their price target for the stock from $48.00 to $43.00 in a research report on Friday, March 20th. Citigroup reduced their price target on shares of Amcor from $54.00 to $47.00 and set a "buy" rating for the company in a research report on Friday. Finally, Robert W. Baird set a $54.00 price target on shares of Amcor in a research report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.56.

Amcor Trading Up 0.1%

NYSE:AMCR opened at $39.96 on Friday. The stock's 50 day moving average price is $41.14 and its 200 day moving average price is $42.50. Amcor PLC has a 52 week low of $36.67 and a 52 week high of $50.94. The company has a market capitalization of $18.46 billion, a P/E ratio of 27.94, a P/E/G ratio of 1.20 and a beta of 0.63. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.77 and a current ratio of 0.84.

Amcor (NYSE:AMCR - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.96 EPS for the quarter, hitting analysts' consensus estimates of $0.96. Amcor had a return on equity of 14.55% and a net margin of 3.06%.The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the prior year, the company posted $0.90 earnings per share. The firm's revenue was up 77.4% on a year-over-year basis. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. On average, research analysts forecast that Amcor PLC will post 4 EPS for the current fiscal year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Thursday, May 28th will be issued a $0.65 dividend. The ex-dividend date is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a yield of 6.5%. Amcor's dividend payout ratio is currently 181.82%.

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.

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