Massachusetts Financial Services Co. MA Reduces Position in Amcor PLC $AMCR

Key Points

• Massachusetts Financial Services reduced its stake in Amcor by 4.2% in Q4, selling 629,039 shares and now holds 14,338,975 shares (about 3.11% of the company) valued at roughly $119.6 million.
• Analyst sentiment is mixed but the consensus is a Moderate Buy with a $52 average price target, as downgrades from Morgan Stanley and Wells Fargo are offset by buy ratings and higher targets from Truist and Deutsche Bank.
• Amcor beat Q4 EPS ($0.86 vs. $0.83), issued FY2026 guidance of $4.00–$4.15 EPS, and pays a 6.3% dividend — however, the dividend payout ratio is very high at about 169.9%, which could be a sustainability concern.

Massachusetts Financial Services Co. MA lessened its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 4.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,338,975 shares of the company's stock after selling 629,039 shares during the quarter. Massachusetts Financial Services Co. MA owned about 3.11% of Amcor worth $119,587,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Quent Capital LLC acquired a new stake in Amcor during the 3rd quarter worth approximately $27,000. CYBER HORNET ETFs LLC acquired a new stake in Amcor during the 2nd quarter worth approximately $36,000. Huntington National Bank lifted its position 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 acquiring an additional 2,020 shares during the period. Sentry Investment Management LLC lifted its position in Amcor by 510.8% during the 3rd quarter. Sentry Investment Management LLC now owns 4,911 shares of the company's stock worth $39,000 after acquiring an additional 4,107 shares during the period. Finally, Cary Street Partners Financial LLC acquired a new stake in Amcor during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley cut Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price objective for the company. in a research report on Wednesday, January 28th. Citigroup reaffirmed a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. Truist Financial increased their price objective on Amcor from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Tuesday, January 6th. Deutsche Bank Aktiengesellschaft assumed coverage on Amcor in a report on Wednesday, April 1st. They issued a "buy" rating and a $50.00 price target for the company. Finally, Wells Fargo & Company cut Amcor from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $48.00 to $43.00 in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Amcor Stock Down 0.5%

AMCR opened at $40.95 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. The business has a 50 day simple moving average of $44.12 and a 200-day simple moving average of $42.56. The stock has a market capitalization of $18.92 billion, a P/E ratio of 26.77, a P/E/G ratio of 0.96 and a beta of 0.71. Amcor PLC has a 12 month low of $37.94 and a 12 month high of $50.94.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.83 by $0.03. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The business had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $5.53 billion. During the same period last year, the firm earned $0.80 EPS. The company'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. On average, equities analysts anticipate that Amcor PLC will post 0.74 earnings per share for the current fiscal 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 paid a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor's dividend payout ratio (DPR) is presently 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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