Kerusso Capital Management LLC Makes New Investment in Amcor PLC $AMCR

Key Points

• Kerusso Capital Management LLC initiated a new position in Amcor, buying 271,413 shares worth about $2.26 million, equal to roughly 0.06% of the company.
• Amcor beat quarterly EPS estimates with $0.86 vs. $0.83, reported revenue of $3.24 billion (up 68.1% year-over-year but below a $5.53 billion consensus), and set FY2026 guidance of 4.000–4.150 EPS versus a sell-side consensus of 3.94 EPS.
• The company paid a quarterly dividend of $0.65 ($2.60 annualized) for a 6.6% yield

Kerusso Capital Management LLC bought a new position in shares of Amcor PLC (NYSE:AMCR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 271,413 shares of the company's stock, valued at approximately $2,264,000. Kerusso Capital Management LLC owned about 0.06% of Amcor at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. United Asset Strategies Inc. boosted its stake in shares of Amcor by 1.6% in the 4th quarter. United Asset Strategies Inc. now owns 38,453 shares of the company's stock valued at $321,000 after purchasing an additional 597 shares during the last quarter. Shayne & Jacobs LLC boosted its stake in shares of Amcor by 0.6% in the 4th quarter. Shayne & Jacobs LLC now owns 129,101 shares of the company's stock valued at $1,077,000 after purchasing an additional 755 shares during the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Amcor by 3.2% in the 4th quarter. Stratos Wealth Partners LTD. now owns 26,857 shares of the company's stock valued at $224,000 after purchasing an additional 832 shares during the last quarter. Brookstone Capital Management boosted its stake in shares of Amcor by 3.1% in the 4th quarter. Brookstone Capital Management now owns 31,231 shares of the company's stock valued at $260,000 after purchasing an additional 938 shares during the last quarter. Finally, Patton Fund Management Inc. boosted its stake in shares of Amcor by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 26,109 shares of the company's stock valued at $218,000 after purchasing an additional 1,080 shares during the last quarter. 45.14% of the stock is owned by institutional investors.

Amcor Stock Down 1.5%

Amcor stock opened at $39.65 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. Amcor PLC has a 12-month low of $37.94 and a 12-month high of $50.94. The firm's fifty day moving average is $42.95 and its 200 day moving average is $42.54. The company has a market capitalization of $18.32 billion, a PE ratio of 25.92, a PEG ratio of 1.12 and a beta of 0.71.

Amcor (NYSE:AMCR - Get Free Report) last released its earnings results 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 net margin of 3.04% and a return on equity of 15.57%. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. During the same quarter in the previous year, the company earned $0.80 EPS. Amcor's quarterly revenue was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, sell-side analysts predict that Amcor PLC will post 3.94 EPS for the current fiscal year.

Amcor Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Wednesday, February 25th. Amcor's payout ratio is presently 169.93%.

Wall Street Analyst Weigh In

AMCR has been the topic of a number of analyst reports. Wells Fargo & Company lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $48.00 to $43.00 in a research note on Friday, March 20th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Amcor in a research note on Wednesday, January 21st. Citigroup reaffirmed a "buy" rating on shares of Amcor in a research note on Thursday, February 12th. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research note on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a research note on Wednesday, April 1st. They issued a "buy" rating and a $50.00 price objective on the stock. One investment 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 company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average 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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