Amcor PLC $AMCR Stock Holdings Increased by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI increased its stake in shares of Amcor PLC (NYSE:AMCR) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,103,180 shares of the company’s stock after purchasing an additional 105,710 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Amcor were worth $9,201,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Amcor by 41.4% during the 2nd quarter. State Street Corp now owns 129,701,986 shares of the company’s stock valued at $1,191,961,000 after buying an additional 37,982,310 shares during the period. Norges Bank purchased a new stake in shares of Amcor during the second quarter worth $328,839,000. M&G PLC boosted its position in Amcor by 26.6% during the third quarter. M&G PLC now owns 108,333,984 shares of the company’s stock valued at $866,672,000 after purchasing an additional 22,737,979 shares during the last quarter. Federated Hermes Inc. grew its stake in Amcor by 103.9% in the third quarter. Federated Hermes Inc. now owns 39,344,317 shares of the company’s stock valued at $321,837,000 after purchasing an additional 20,052,979 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Amcor by 398.6% in the 2nd quarter. AQR Capital Management LLC now owns 16,015,722 shares of the company’s stock worth $147,184,000 after purchasing an additional 12,803,785 shares during the last quarter. Institutional investors and hedge funds own 45.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AMCR shares. Weiss Ratings restated a “hold (c-)” rating on shares of Amcor in a report on Wednesday, January 21st. Morgan Stanley cut shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price for the company. in a research note on Wednesday, January 28th. Wells Fargo & Company cut Amcor from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $48.00 to $43.00 in a report on Friday, March 20th. Robert W. Baird set a $54.00 price objective on Amcor in a report on Wednesday, February 4th. Finally, Citigroup restated 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, six have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.25.

Amcor Trading Down 0.6%

Shares of AMCR opened at $39.11 on Wednesday. Amcor PLC has a 52-week low of $38.02 and a 52-week high of $50.94. The company has a market cap of $18.07 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 0.92 and a beta of 0.65. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.77 and a current ratio of 1.30. The stock has a fifty day moving average price of $45.00 and a two-hundred day moving average price of $42.66.

Amcor (NYSE:AMCR) last announced its 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. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. Amcor’s quarterly revenue was up 68.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Analysts predict that Amcor PLC will post 0.74 EPS for the current fiscal year.

Amcor Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders 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 dividend yield of 6.6%. Amcor’s dividend payout ratio (DPR) is currently 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.