State of New Jersey Common Pension Fund D Decreases Stake in Amcor PLC $AMCR

Key Points

• State of New Jersey Common Pension Fund D reduced its stake in Amcor by 3.4% in Q4, selling 26,714 shares and now holds 757,369 shares (about 0.16% of the company, worth $6.32M).
• Amcor has a consensus “Moderate Buy” rating with an average target of $50.89 while the stock trades near $37.77; the company beat quarterly EPS ($0.86 vs. $0.83) and issued FY2026 guidance of $4.00–4.15 per share.
• The firm pays a quarterly dividend of $0.65 (annualized $2.60) for a 6.9% yield169.9%, which may raise sustainability concerns.

State of New Jersey Common Pension Fund D reduced its stake in Amcor PLC (NYSE:AMCR - Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 757,369 shares of the company's stock after selling 26,714 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.16% of Amcor worth $6,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of AMCR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Amcor by 8.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 268,381 shares of the company's stock valued at $2,596,000 after purchasing an additional 20,757 shares during the last quarter. Focus Partners Wealth raised its position in shares of 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 last quarter. Sivia Capital Partners LLC purchased a new position in shares of Amcor in the 2nd quarter valued at approximately $138,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Amcor in the 2nd quarter valued at approximately $6,426,000. Finally, CW Advisors LLC purchased a new position in shares of Amcor in the 2nd quarter valued at approximately $228,000. 45.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMCR. Deutsche Bank Aktiengesellschaft began coverage on shares of Amcor in a research report on Wednesday, April 1st. They issued a "buy" rating and a $50.00 price objective for the company. Truist Financial decreased their price objective 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. Morgan Stanley lowered shares of 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. Robert W. Baird set a $54.00 price target on shares of Amcor in a research report on Wednesday, February 4th. Finally, Citigroup reissued a "buy" rating on shares of Amcor in a research report on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Amcor currently has a consensus rating of "Moderate Buy" and an average target price of $50.89.

Amcor Stock Performance

AMCR opened at $37.77 on Monday. Amcor PLC has a 12-month low of $37.22 and a 12-month 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. The firm has a market capitalization of $17.45 billion, a PE ratio of 24.69, a P/E/G ratio of 1.05 and a beta of 0.63. The firm has a 50 day moving average of $41.81 and a two-hundred day moving average of $42.52.

Amcor (NYSE:AMCR - Get Free Report) last posted its quarterly earnings results 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. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $5.53 billion. During the same period last year, the firm posted $0.80 EPS. Amcor'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. On average, analysts anticipate that Amcor PLC will post 3.94 EPS for the current year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.65 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $2.60 dividend on an annualized basis and a yield of 6.9%. Amcor's dividend payout ratio (DPR) is currently 169.93%.

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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