Code Waechter LLC Grows Holdings in Amcor PLC $AMCR

Key Points

• Code Waechter LLC increased its stake in Amcor PLC by 105.1% in Q4, buying an additional 27,725 shares to hold 54,113 shares valued at about $451,000.
• Multiple institutions also added shares—most notably Wealth Enhancement Advisory Services, which grew its position by 395.9% to 2,760,659 shares ($23.66M)—and overall institutional ownership is 45.14%.
• Amcor reported Q EPS of $0.86 (beat estimates) with revenue up 68.1% YoY but below analyst expectations, the stock yields 6.3% ($2.60 annual) with a payout ratio of 169.93%, and analysts have a consensus "Moderate Buy" target of $52.00.

Code Waechter LLC increased its stake in Amcor PLC (NYSE:AMCR - Free Report) by 105.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,113 shares of the company's stock after buying an additional 27,725 shares during the period. Code Waechter LLC's holdings in Amcor were worth $451,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Dakota Wealth Management increased its holdings in Amcor by 74.6% in the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company's stock valued at $2,881,000 after buying an additional 147,639 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Amcor by 213.1% during the 4th quarter. GAMMA Investing LLC now owns 126,702 shares of the company's stock worth $1,057,000 after buying an additional 86,231 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Amcor by 64.0% during the 4th quarter. Nordea Investment Management AB now owns 242,866 shares of the company's stock worth $2,034,000 after buying an additional 94,753 shares during the last quarter. New Mexico Educational Retirement Board grew its position 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 worth $847,000 after acquiring an additional 36,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of Amcor by 395.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,760,659 shares of the company's stock valued at $23,663,000 after acquiring an additional 2,203,982 shares during the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Trading Up 0.1%

Shares of NYSE AMCR opened at $41.02 on Wednesday. Amcor PLC has a 12-month low of $37.94 and a 12-month high of $50.94. The company has a market cap of $18.95 billion, a price-to-earnings ratio of 26.81, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26. The stock's 50 day simple moving average is $44.05 and its 200 day simple moving average is $42.57.

Amcor (NYSE:AMCR - Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $3.24 billion for 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 firm's revenue for the quarter was up 68.1% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Equities research analysts expect that Amcor PLC will post 0.74 EPS for the current year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a $0.65 dividend. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 annualized dividend and a yield of 6.3%. Amcor's dividend payout ratio (DPR) is currently 169.93%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AMCR. Deutsche Bank Aktiengesellschaft began coverage on Amcor in a research report on Wednesday, April 1st. They set a "buy" rating and a $50.00 price target on the stock. Morgan Stanley lowered shares of 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. Citigroup reissued a "buy" rating on shares of Amcor in a report on Thursday, February 12th. Truist Financial raised their price target on shares of Amcor from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Finally, Wells Fargo & Company lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $48.00 to $43.00 in a report on Friday, March 20th. One research 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

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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