Ellsworth Advisors LLC Sells 84,511 Shares of Amcor PLC $AMCR

Key Points

• Ellsworth Advisors LLC sold 84,511 shares of Amcor in Q4, reducing its stake by 78.8% to 22,793 shares valued at about $190,000 at quarter-end.
• Other institutions increased exposure—most notably Wealth Enhancement Advisory Services added ~2.2 million shares to hold 2.76 million—and total institutional ownership stands at roughly 45.14%.
• Amcor trades near $39.94 and recently paid a 6.5% dividend ($2.60 annualized) with a payout ratio of ~170%; analysts have a consensus "Moderate Buy" with an average target of $52 amid mixed recent ratings.

Ellsworth Advisors LLC lessened its holdings in Amcor PLC (NYSE:AMCR - Free Report) by 78.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,793 shares of the company's stock after selling 84,511 shares during the period. Ellsworth Advisors LLC's holdings in Amcor were worth $190,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Dakota Wealth Management grew its position in Amcor by 74.6% in the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company's stock worth $2,881,000 after acquiring an additional 147,639 shares in the last quarter. GAMMA Investing LLC raised its position in Amcor by 213.1% during the fourth 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. Nordea Investment Management AB raised its position in Amcor by 64.0% during the fourth 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. 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake 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 purchasing an additional 2,203,982 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on AMCR. Truist Financial boosted 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. Weiss Ratings restated a "hold (c-)" rating on shares of Amcor in a research report on Wednesday, January 21st. Wells Fargo & Company lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research report on Wednesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of Amcor in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Amcor currently has an average rating of "Moderate Buy" and an average target price of $52.00.

Amcor Trading Down 1.9%

AMCR opened at $39.94 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. The stock's 50 day moving average price is $44.62 and its 200-day moving average price is $42.56. Amcor PLC has a one year low of $37.94 and a one year high of $50.94. The stock has a market cap of $18.45 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 0.95 and a beta of 0.71.

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, topping analysts' consensus estimates of $0.83 by $0.03. The firm had revenue of $3.24 billion during 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%.Amcor's quarterly revenue was up 68.1% compared to the same quarter last year. During the same period last year, the company earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities analysts forecast that Amcor PLC will post 0.74 EPS for the current year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor's payout ratio is currently 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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