Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Amcor PLC $AMCR

Key Points

• Zurcher Kantonalbank increased its stake in Amcor by 2.8% in Q4, adding 42,072 shares to hold 1,520,889 shares (about 0.33% of the company) worth roughly $12.68 million.
• Analysts give Amcor a "Moderate Buy" average rating with a $50.89 price target; the stock trades near $39.65 (market cap ≈ $18.3B) after beating quarterly EPS estimates ($0.86 vs. $0.83) and issuing FY2026 guidance of $4.00–$4.15 per share.
• Amcor pays a $0.65 quarterly dividend (annualized $2.60) for a ~6.6% yield, but the payout ratio is high at about 169.9%, which may raise sustainability concerns.

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Amcor PLC (NYSE:AMCR - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,520,889 shares of the company's stock after acquiring an additional 42,072 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.33% of Amcor worth $12,684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of Amcor by 7.2% in the third quarter. State Street Corp now owns 139,077,241 shares of the company's stock worth $1,137,652,000 after acquiring an additional 9,375,255 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Amcor by 1.1% in the third quarter. Vanguard Group Inc. now owns 111,490,330 shares of the company's stock worth $911,991,000 after purchasing an additional 1,262,294 shares during the last quarter. M&G PLC raised its stake in shares of Amcor by 26.6% in the third quarter. M&G PLC now owns 108,333,984 shares of the company's stock worth $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Invesco Ltd. raised its stake in shares of Amcor by 29.9% in the third quarter. Invesco Ltd. now owns 47,111,558 shares of the company's stock worth $385,373,000 after purchasing an additional 10,846,351 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in shares of Amcor by 103.9% in the third quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company's stock worth $321,837,000 after purchasing an additional 20,052,979 shares during the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AMCR shares. Citigroup reiterated a "buy" rating on shares of Amcor in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Amcor in a research note on Wednesday, April 1st. They issued a "buy" rating and a $50.00 price target for the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Amcor in a research note on Wednesday, January 21st. Truist Financial reduced their price target on shares of Amcor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Wednesday, April 15th. Finally, Wells Fargo & Company downgraded Amcor from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. One 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. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $50.89.

Amcor Trading Down 1.5%

Shares of NYSE:AMCR opened at $39.65 on Friday. The stock has a 50 day moving average of $42.95 and a 200 day moving average of $42.54. The company has a market cap of $18.32 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.71. 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 PLC has a 12-month low of $37.94 and a 12-month high of $50.94.

Amcor (NYSE:AMCR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.03. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm's revenue was up 68.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. As a group, equities research analysts expect that Amcor PLC will post 3.94 EPS for the current year.

Amcor Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors 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 dividend on an annualized basis and a dividend yield of 6.6%. Amcor's payout ratio is 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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