Amcor PLC $AMCR Shares Sold by Diversify Advisory Services LLC

Key Points

• Diversify Advisory Services LLC cut its stake in Amcor by 77.2% in Q4, selling 157,751 shares and leaving it with 46,482 shares valued at about $388,000 per its SEC filing.
• Amcor recently paid a quarterly dividend of $0.65 (annualized $2.60) yielding 6.4%, but the dividend payout ratio is very high at 169.93%, signalling potential sustainability concerns.
• Wall Street consensus is a Moderate Buy with a $50.89 average price target, though several firms (Morgan Stanley, Wells Fargo) have recently downgraded the stock while others (Citigroup, Truist) remain more positive.

Diversify Advisory Services LLC lowered its stake in Amcor PLC (NYSE:AMCR - Free Report) by 77.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 46,482 shares of the company's stock after selling 157,751 shares during the quarter. Diversify Advisory Services LLC's holdings in Amcor were worth $388,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. State Street Corp grew its stake in shares of Amcor by 7.2% in the third quarter. State Street Corp now owns 139,077,241 shares of the company's stock valued at $1,137,652,000 after buying an additional 9,375,255 shares in the last quarter. Vanguard Group Inc. grew its stake 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 buying an additional 1,262,294 shares in the last quarter. M&G PLC grew its stake in shares of Amcor by 26.6% in the third quarter. M&G PLC now owns 108,333,984 shares of the company's stock valued at $866,672,000 after buying an additional 22,737,979 shares in the last quarter. Invesco Ltd. grew its stake in shares of Amcor by 29.9% in the third quarter. Invesco Ltd. now owns 47,111,558 shares of the company's stock valued at $385,373,000 after buying an additional 10,846,351 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Amcor by 103.9% in the third quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company's stock valued at $321,837,000 after buying an additional 20,052,979 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Wall Street Analysts Forecast Growth

AMCR has been the subject of a number of recent research reports. 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 research note on Wednesday, January 28th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Amcor in a research note on Wednesday, January 21st. Citigroup reiterated a "buy" rating on shares of Amcor in a research note on Thursday, February 12th. Truist Financial lowered their price objective on Amcor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company lowered Amcor from an "overweight" rating to an "equal weight" rating and lowered their price objective for the company from $48.00 to $43.00 in a research note on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Amcor presently has a consensus rating of "Moderate Buy" and a consensus price target of $50.89.

Amcor Price Performance

Shares of AMCR opened at $40.63 on Thursday. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 26.56, a PEG ratio of 0.96 and a beta of 0.71. The stock has a 50 day moving average of $43.89 and a 200-day moving average of $42.56. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. Amcor PLC has a 52 week low of $37.94 and a 52 week high of $50.94.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The business's revenue was up 68.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were issued a $0.65 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.60 annualized dividend and a dividend yield of 6.4%. Amcor's dividend payout ratio (DPR) is 169.93%.

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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