Arizona State Retirement System Reduces Holdings in Amcor PLC $AMCR

Key Points

• Arizona State Retirement System trimmed its stake in Amcor by 6.4% in Q4, selling 43,660 shares and ending the period with 633,684 shares valued at $5.285 million.
• Amcor beat EPS estimates ( $0.86 vs. $0.83) but reported revenue of $3.24 billion versus expectations of $5.53 billion, and set FY2026 guidance of 4.00–4.15 EPS (consensus ~3.94).
• The company pays a hefty annualized dividend of $2.60 for a 6.7% yield, but the payout ratio is an elevated 169.93%, raising questions about dividend sustainability.

Arizona State Retirement System trimmed its stake in Amcor PLC (NYSE:AMCR - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 633,684 shares of the company's stock after selling 43,660 shares during the period. Arizona State Retirement System owned 0.14% of Amcor worth $5,285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Dakota Wealth Management lifted its stake in shares of Amcor by 74.6% in the 4th quarter. Dakota Wealth Management now owns 345,449 shares of the company's stock valued at $2,881,000 after purchasing an additional 147,639 shares during the period. PFG Investments LLC purchased a new position in shares of Amcor in the 4th quarter valued at approximately $262,000. Nordea Investment Management AB lifted its stake in shares of Amcor by 64.0% in the 4th quarter. Nordea Investment Management AB now owns 242,866 shares of the company's stock valued at $2,034,000 after purchasing an additional 94,753 shares during the period. GAMMA Investing LLC lifted its stake in shares of Amcor by 213.1% in the 4th quarter. GAMMA Investing LLC now owns 126,702 shares of the company's stock valued at $1,057,000 after purchasing an additional 86,231 shares during the period. Finally, New Mexico Educational Retirement Board lifted its stake in shares of Amcor by 53.3% in the 3rd quarter. New Mexico Educational Retirement Board now owns 103,550 shares of the company's stock valued at $847,000 after purchasing an additional 36,000 shares during the period. 45.14% of the stock is currently owned by hedge funds and other institutional investors.

Amcor Stock Up 0.3%

Shares of NYSE:AMCR opened at $39.08 on Tuesday. The stock has a fifty day simple moving average of $42.50 and a two-hundred day simple moving average of $42.57. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.08 and a beta of 0.71. Amcor PLC has a 12-month low of $37.94 and a 12-month high of $50.94. 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 (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm's quarterly revenue was up 68.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, research analysts anticipate that Amcor PLC will post 3.94 earnings per share for the current fiscal year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders 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 yield of 6.7%. Amcor's payout ratio is 169.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings restated a "hold (c-)" rating on shares of Amcor in a research note on Wednesday, January 21st. Truist Financial lowered their price target on shares of Amcor from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor in a research report on Wednesday, April 1st. They set a "buy" rating and a $50.00 price target for the company. Citigroup reissued a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. Finally, Wells Fargo & Company cut shares of Amcor from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $48.00 to $43.00 in a research report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Amcor currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.89.

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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