Amcor PLC $AMCR Stake Boosted by First Trust Advisors LP

Key Points

• First Trust Advisors LP boosted its Amcor stake by 17.1% in Q3 to 11,363,978 shares (about 0.49% of the company), valued at roughly $92.96 million.
• Amcor declared a quarterly dividend of $0.65 per share (annualized $2.60) with an ex-dividend date of Feb 25, implying a 6.1% yield and a payout ratio of 169.9%.
• Amcor beat Q EPS estimates with $0.86, reported revenue up 68.1% year-over-year, set FY2026 guidance of 4.00–4.15 EPS, and carries an analyst consensus of "Moderate Buy" with an average target of $52.88.

First Trust Advisors LP raised its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 17.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,363,978 shares of the company's stock after buying an additional 1,662,308 shares during the quarter. First Trust Advisors LP owned 0.49% of Amcor worth $92,957,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Prudential Financial Inc. raised its stake in shares of Amcor by 124.5% during the 2nd quarter. Prudential Financial Inc. now owns 395,591 shares of the company's stock worth $3,635,000 after purchasing an additional 219,390 shares in the last quarter. Norges Bank bought a new stake in shares of Amcor in the 2nd quarter valued at approximately $328,839,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Amcor by 63.5% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,012,038 shares of the company's stock worth $46,061,000 after buying an additional 1,946,147 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Amcor by 4.1% during the second quarter. Kingsview Wealth Management LLC now owns 955,672 shares of the company's stock valued at $8,783,000 after acquiring an additional 37,499 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Amcor by 37.7% in the second quarter. Legal & General Group Plc now owns 11,618,449 shares of the company's stock valued at $106,774,000 after acquiring an additional 3,181,138 shares during the last quarter. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on AMCR shares. Robert W. Baird set a $54.00 target price on shares of Amcor in a research report on Wednesday, February 4th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Amcor in a research note on Wednesday, January 21st. Truist Financial raised their target price on Amcor from $55.00 to $60.00 and gave the company a "buy" rating in a report on Tuesday, January 6th. Wells Fargo & Company upped their price target on Amcor from $9.00 to $48.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 20th. Finally, Citigroup restated a "buy" rating on shares of Amcor in a report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $52.88.

Amcor Stock Up 1.0%

Amcor stock opened at $42.53 on Thursday. 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 fifty-two week low of $38.33 and a fifty-two week high of $50.94. The firm has a fifty day moving average price of $45.54 and a two-hundred day moving average price of $42.82. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 0.98 and a beta of 0.65.

Amcor (NYSE:AMCR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $5.53 billion. During the same period last year, the business posted $0.80 earnings per share. The firm'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, analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th will be issued a dividend of $0.65 per share. The ex-dividend date is Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.1%. Amcor's payout ratio 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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