NorthCrest Asset Manangement LLC Makes New Investment in Amcor PLC $AMCR

Key Points

• NorthCrest Asset Management opened a new position in Amcor, buying 35,043 shares in Q4 worth about $296,000; institutional and hedge funds now own roughly 45.14% of the stock.
• Amcor pays a quarterly dividend of $0.65 (annualized $2.60) for a 6.5% yield, but its dividend payout ratio is very high at 169.93%, meaning payouts exceed reported earnings.
• Amcor beat EPS estimates this quarter ($0.86 vs. $0.83) with revenue up 68.1% year-over-year to $3.24B, set FY2026 guidance of $4.00–$4.15 EPS, and carries a MarketBeat consensus of "Moderate Buy" with an average price target of $52.25.

NorthCrest Asset Manangement LLC acquired a new position in Amcor PLC (NYSE:AMCR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 35,043 shares of the company's stock, valued at approximately $296,000.

Several other hedge funds and other institutional investors have also modified their holdings of AMCR. Quent Capital LLC acquired a new stake in Amcor during the 3rd quarter worth approximately $27,000. DecisionPoint Financial LLC purchased a new stake in Amcor during the second quarter worth approximately $34,000. CYBER HORNET ETFs LLC purchased a new stake in Amcor during the second quarter worth approximately $36,000. Huntington National Bank increased its position in shares of Amcor by 81.8% in the third quarter. Huntington National Bank now owns 4,490 shares of the company's stock worth $37,000 after acquiring an additional 2,020 shares in the last quarter. Finally, Sentry Investment Management LLC increased its position in shares of Amcor by 510.8% in the third 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 in the last quarter. 45.14% of the stock is owned by institutional investors and hedge funds.

Amcor Trading Down 1.8%

AMCR opened at $39.83 on Friday. The firm's 50 day moving average is $44.85 and its 200-day moving average is $42.62. Amcor PLC has a 52-week low of $38.02 and a 52-week high of $50.94. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $18.40 billion, a P/E ratio of 26.03, a P/E/G ratio of 0.95 and a beta of 0.65.

Amcor (NYSE:AMCR - Get Free Report) last announced its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The business's quarterly revenue was up 68.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Analysts expect that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Dividend Announcement

The firm 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. The ex-dividend date was Wednesday, February 25th. This represents a $2.60 annualized dividend and a dividend yield of 6.5%. Amcor's dividend payout ratio (DPR) is currently 169.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on AMCR shares. Wells Fargo & Company lowered shares of Amcor from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $48.00 to $43.00 in a report on Friday, March 20th. Citigroup reaffirmed a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. Morgan Stanley downgraded Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price target for the company. in a report on Wednesday, January 28th. Truist Financial raised their price objective on Amcor from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Amcor in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $52.25.

Amcor 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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