Retirement Systems of Alabama Reduces Holdings in Amcor PLC $AMCR

Key Points

• Retirement Systems of Alabama cut its stake in Amcor by 85.1% in Q4, selling 2,793,800 shares and leaving 491,067 shares valued at about $4.095 million.
• Amcor pays a high yield of 6.5% (quarterly $0.65, $2.60 annualized) but has an elevated dividend payout ratio of 169.93%, while analysts have a consensus rating of "Moderate Buy" with a $52 target.

Retirement Systems of Alabama lessened its position in shares of Amcor PLC (NYSE:AMCR - Free Report) by 85.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 491,067 shares of the company's stock after selling 2,793,800 shares during the period. Retirement Systems of Alabama's holdings in Amcor were worth $4,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AMCR. Quent Capital LLC purchased a new position in shares of Amcor during the 3rd quarter valued at $27,000. DecisionPoint Financial LLC purchased a new position in shares of Amcor during the 2nd quarter valued at $34,000. CYBER HORNET ETFs LLC purchased a new position in shares of Amcor during the 2nd quarter valued at $36,000. Huntington National Bank lifted 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 valued at $37,000 after buying an additional 2,020 shares during the last quarter. Finally, Sentry Investment Management LLC lifted its position in shares of Amcor by 510.8% during the 3rd quarter. Sentry Investment Management LLC now owns 4,911 shares of the company's stock valued at $39,000 after buying an additional 4,107 shares during the last quarter. Hedge funds and other institutional investors own 45.14% of the company's stock.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft began coverage on Amcor in a report on Wednesday, April 1st. They set a "buy" rating and a $50.00 price objective on the stock. Robert W. Baird set a $54.00 price objective on Amcor in a report on Wednesday, February 4th. Morgan Stanley cut Amcor from an "overweight" rating to an "equal weight" rating and set a $46.00 price objective on the stock. in a report on Wednesday, January 28th. Finally, Wells Fargo & Company cut Amcor from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $48.00 to $43.00 in a report on Friday, March 20th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Amcor Stock Performance

Shares of AMCR opened at $39.78 on Tuesday. The stock's 50-day simple moving average is $44.44 and its 200 day simple moving average is $42.55. The stock has a market capitalization of $18.38 billion, a price-to-earnings ratio of 26.00, a price-to-earnings-growth ratio of 0.93 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. Amcor PLC has a 52-week low of $37.94 and a 52-week high of $50.94.

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

Amcor Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were issued a $0.65 dividend. The ex-dividend date of this dividend 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 presently 169.93%.

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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