Amcor PLC $AMCR Stake Lessened by M&T Bank Corp

Key Points

• M&T Bank Corp cut its stake in Amcor by 25.4% in Q4, selling 70,768 shares and leaving it with 207,653 shares worth about $1.73 million.
• Amcor pays a quarterly $0.65 dividend (annualized $2.60) for a 6.7% yield169.9%, raising questions about sustainability.
• Analysts have a consensus rating of Moderate Buy with a $50.89 average target versus a recent share price near $38.56; Amcor beat Q EPS estimates ($0.86 vs. $0.83) and issued FY2026 guidance of 4.00–4.15 EPS.

M&T Bank Corp lowered its holdings in Amcor PLC (NYSE:AMCR - Free Report) by 25.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 207,653 shares of the company's stock after selling 70,768 shares during the period. M&T Bank Corp's holdings in Amcor were worth $1,732,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quent Capital LLC purchased a new stake in shares of Amcor in the third quarter valued at $27,000. Brown Lisle Cummings Inc. raised its holdings in shares of Amcor by 137.9% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company's stock worth $29,000 after acquiring an additional 2,000 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Amcor during the second quarter worth $36,000. Huntington National Bank raised its holdings in shares of Amcor by 81.8% during the third quarter. Huntington National Bank now owns 4,490 shares of the company's stock worth $37,000 after acquiring an additional 2,020 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Amcor by 1,915.0% during the second quarter. Geneos Wealth Management Inc. now owns 4,554 shares of the company's stock worth $42,000 after acquiring an additional 4,328 shares in the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analyst Weigh In

AMCR has been the subject of several recent research reports. Weiss Ratings lowered Amcor from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday. Citigroup reiterated a "buy" rating on shares of Amcor in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Amcor in a report on Wednesday, April 1st. They set a "buy" rating and a $50.00 price objective for the company. Wells Fargo & Company lowered Amcor from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $48.00 to $43.00 in a report on Friday, March 20th. Finally, Truist Financial cut their price objective on Amcor from $60.00 to $50.00 and set a "buy" rating for the company in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued 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 Trading Down 1.2%

Shares of NYSE:AMCR opened at $38.56 on Wednesday. The company has a market cap of $17.82 billion, a P/E ratio of 25.21, a P/E/G ratio of 1.09 and a beta of 0.71. The stock's 50-day moving average is $42.28 and its 200-day moving average is $42.56. Amcor PLC has a 52-week low of $37.94 and a 52-week high of $50.94. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30.

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. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm's revenue was up 68.1% compared to the same quarter last year. During the same period last year, the business posted $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 year.

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor's dividend payout ratio (DPR) is currently 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.

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