EFG Asset Management Americas Corp. Acquires Shares of 33,260 Amcor PLC $AMCR

Key Points

• EFG Asset Management Americas opened a new position in Amcor, buying 33,260 shares in Q3 valued at about $272,000, and institutional investors now own roughly 45.14% of the company.
• Amcor reported Q EPS of $0.86 (beating the $0.83 consensus) with revenue of $3.24 billion (up 68.1% YoY) and set FY2026 guidance of 4.000–4.150 EPS.
• Amcor declared a quarterly dividend of $0.65 (annualized $2.60) representing a 6.4% yield and a 169.93% payout ratio, while analysts have an average rating of "Moderate Buy" with an average price target of $52.88.

EFG Asset Management Americas Corp. bought a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 33,260 shares of the company's stock, valued at approximately $272,000.

Several other hedge funds have also bought and sold shares of the business. Quent Capital LLC acquired a new position in Amcor during the third quarter worth $27,000. DecisionPoint Financial LLC acquired a new stake in shares of Amcor in the 2nd quarter worth about $34,000. CYBER HORNET ETFs LLC bought a new position in Amcor in the 2nd quarter valued at about $36,000. LSV Asset Management acquired a new position in Amcor during the 2nd quarter valued at about $37,000. Finally, Huntington National Bank increased its holdings in Amcor by 81.8% during the 3rd quarter. Huntington National Bank now owns 4,490 shares of the company's stock worth $37,000 after purchasing an additional 2,020 shares in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on AMCR shares. Truist Financial lifted their target price on Amcor from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Citigroup reissued a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. Morgan Stanley cut Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price objective on the stock. in a research note on Wednesday, January 28th. Wells Fargo & Company lifted their price objective on shares of Amcor from $9.00 to $48.00 and gave the stock an "overweight" rating in a report on Tuesday, January 20th. Finally, Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Amcor has an average rating of "Moderate Buy" and an average price target of $52.88.

Amcor Stock Performance

Shares of AMCR opened at $40.59 on Monday. The stock has a 50 day moving average of $45.48 and a 200 day moving average of $42.79. The company has a market capitalization of $18.76 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 0.95 and a beta of 0.65. Amcor PLC has a 12 month low of $38.33 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. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $5.53 billion. During the same quarter in the prior year, the company earned $0.80 EPS. The business's revenue for the quarter was up 68.1% on a year-over-year basis. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, sell-side analysts forecast that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th will be given a dividend of $0.65 per share. The ex-dividend date is Wednesday, February 25th. This represents a $2.60 annualized dividend and a yield of 6.4%. Amcor's dividend payout ratio is presently 169.93%.

Amcor Company 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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