PCJ Investment Counsel Ltd. Has $6.45 Million Stock Position in Amcor PLC $AMCR

Key Points

• PCJ Investment Counsel boosted its stake in Amcor by 16.6% in Q3 to 788,145 shares worth $6.45 million, making AMCR 1.8% of PCJ's holdings and its 16th largest position (Form 13F filing).
• Amcor declared a quarterly dividend of $0.65 (ex-dividend Feb 25, payable Mar 17), equal to a $2.60 annualized payout and a 6.4% yield
• Amcor reported $0.86 EPS beating estimates and revenue of $3.24 billion (up 68.1% YoY) and set FY2026 guidance of 4.00–4.15 EPS; analysts have a consensus "Moderate Buy" rating with an average price target of $52.88.

PCJ Investment Counsel Ltd. increased its stake in Amcor PLC (NYSE:AMCR - Free Report) by 16.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 788,145 shares of the company's stock after purchasing an additional 112,220 shares during the period. Amcor makes up 1.8% of PCJ Investment Counsel Ltd.'s holdings, making the stock its 16th biggest holding. PCJ Investment Counsel Ltd.'s holdings in Amcor were worth $6,447,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of AMCR. Quent Capital LLC acquired a new stake in Amcor during the third quarter worth about $27,000. DecisionPoint Financial LLC acquired a new position in shares of Amcor in the 2nd quarter valued at approximately $34,000. CYBER HORNET ETFs LLC bought a new stake in shares of Amcor during the 2nd quarter worth approximately $36,000. LSV Asset Management bought a new stake in shares of Amcor during the 2nd quarter worth approximately $37,000. Finally, Huntington National Bank boosted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 45.14% of the company's stock.

Amcor Price Performance

Amcor stock traded up $0.32 during mid-day trading on Friday, reaching $40.65. The company had a trading volume of 672,526 shares, compared to its average volume of 5,851,833. The business has a fifty day simple moving average of $45.51 and a 200 day simple moving average of $42.80. The company has a market cap of $18.78 billion, a P/E ratio of 26.61, a P/E/G ratio of 0.99 and a beta of 0.65. Amcor PLC has a fifty-two week low of $38.33 and a fifty-two week high of $50.94. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The company had revenue of $3.24 billion during the quarter, compared to analysts' expectations of $5.53 billion. During the same period in the prior year, the company earned $0.80 EPS. Amcor's 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 research analysts predict that Amcor PLC will post 0.74 earnings per share for the current year.

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th will be given a $0.65 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $2.60 annualized dividend and a yield of 6.4%. Amcor's dividend payout ratio (DPR) is currently 169.93%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AMCR. Wells Fargo & Company lifted their price objective on shares of Amcor from $9.00 to $48.00 and gave the company an "overweight" rating in a research note on Tuesday, January 20th. Robert W. Baird set a $54.00 target price on Amcor in a report on Wednesday, February 4th. Truist Financial lifted their price target on Amcor from $55.00 to $60.00 and gave the company a "buy" rating in a research note on Tuesday, January 6th. Morgan Stanley cut 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. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Amcor in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $52.88.

Amcor Company 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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