New York State Teachers Retirement System Acquires 90,772 Shares of Amcor PLC $AMCR

Key Points

• New York State Teachers Retirement System increased its stake in Amcor by 6.0%, buying 90,772 shares to hold 1,608,763 shares (about 0.35% of the company) valued at $13.42 million after the quarter.
• Analysts have a consensus rating of "Moderate Buy" with a consensus price target of $50.89, following mixed broker moves that included several downgrades/target cuts and a few buy/reaffirmations.
• Amcor recently beat quarterly EPS estimates ($0.86 vs. $0.83) and set FY2026 guidance of $4.00–$4.15, while paying a high-yield dividend ($2.60 annually, a 6.9% yield) but with a very high payout ratio (~169.9%), and the stock trades at a market cap of $17.45B and a P/E of 24.69.

New York State Teachers Retirement System lifted its stake in shares of Amcor PLC (NYSE:AMCR - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,608,763 shares of the company's stock after purchasing an additional 90,772 shares during the quarter. New York State Teachers Retirement System owned 0.35% of Amcor worth $13,417,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Amcor by 8.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company's stock valued at $2,596,000 after acquiring an additional 20,757 shares in the last quarter. Focus Partners Wealth boosted its holdings in Amcor by 11.3% in the 1st quarter. Focus Partners Wealth now owns 43,137 shares of the company's stock valued at $418,000 after purchasing an additional 4,396 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Amcor during the 2nd quarter valued at $138,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Amcor in the second quarter worth $6,426,000. Finally, CW Advisors LLC purchased a new stake in shares of Amcor in the second quarter worth $228,000. Institutional investors own 45.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMCR. Citigroup reaffirmed a "buy" rating on shares of Amcor in a research note on Thursday, February 12th. Truist Financial cut their target price on shares of Amcor from $60.00 to $50.00 and set a "buy" rating for the company in a research report on Wednesday, April 15th. Wells Fargo & Company downgraded Amcor from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $48.00 to $43.00 in a research report on Friday, March 20th. Deutsche Bank Aktiengesellschaft started coverage on Amcor in a report on Wednesday, April 1st. They issued a "buy" rating and a $50.00 price objective for the company. Finally, Morgan Stanley downgraded Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 target price for the company. in a research report on Wednesday, January 28th. One research 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 stock. Based on data from MarketBeat.com, Amcor presently has an average rating of "Moderate Buy" and a consensus price target of $50.89.

Amcor Stock Up 0.1%

Shares of AMCR stock opened at $37.77 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.30 and a quick ratio of 0.77. Amcor PLC has a one year low of $37.22 and a one year high of $50.94. The company's fifty day moving average price is $41.81 and its 200-day moving average price is $42.52. The company has a market capitalization of $17.45 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.05 and a beta of 0.63.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly 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. 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 the consensus estimate of $5.53 billion. During the same period in the prior year, the company posted $0.80 EPS. The firm's revenue for the quarter was up 68.1% compared to the same quarter last year. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Sell-side analysts expect that Amcor PLC will post 3.94 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.9%. 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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