Vest Financial LLC Has $50.54 Million Position in Amcor PLC $AMCR

Vest Financial LLC grew its stake in shares of Amcor PLC (NYSE:AMCR) by 7.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,059,855 shares of the company’s stock after buying an additional 441,803 shares during the period. Vest Financial LLC’s holdings in Amcor were worth $50,539,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Dakota Wealth Management raised its position in shares of Amcor by 74.6% during the fourth quarter. Dakota Wealth Management now owns 345,449 shares of the company’s stock valued at $2,881,000 after buying an additional 147,639 shares during the last quarter. PFG Investments LLC bought a new stake in Amcor in the fourth quarter valued at about $262,000. Nordea Investment Management AB increased its stake in Amcor by 64.0% in the fourth quarter. Nordea Investment Management AB now owns 242,866 shares of the company’s stock valued at $2,034,000 after acquiring an additional 94,753 shares during the period. GAMMA Investing LLC increased its stake in Amcor by 213.1% in the fourth quarter. GAMMA Investing LLC now owns 126,702 shares of the company’s stock valued at $1,057,000 after acquiring an additional 86,231 shares during the period. Finally, New Mexico Educational Retirement Board increased its stake in Amcor by 53.3% in the third quarter. New Mexico Educational Retirement Board now owns 103,550 shares of the company’s stock valued at $847,000 after acquiring an additional 36,000 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor Price Performance

Shares of Amcor stock opened at $39.08 on Tuesday. 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 stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 25.54, a P/E/G ratio of 1.08 and a beta of 0.71. Amcor PLC has a 1-year low of $37.94 and a 1-year high of $50.94. The firm’s 50-day moving average price is $42.50 and its two-hundred day moving average price is $42.57.

Amcor (NYSE:AMCR) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $5.53 billion. Amcor had a net margin of 3.04% and a return on equity of 15.57%. The company’s quarterly revenue was up 68.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, equities analysts predict that Amcor PLC will post 3.94 earnings per share for the current fiscal year.

Amcor Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio is 169.93%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AMCR shares. Morgan Stanley cut shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a research note on Wednesday, January 28th. 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 target price on the stock. Truist Financial lowered their target price on shares of Amcor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Robert W. Baird set a $54.00 target price on shares of Amcor in a research note on Wednesday, February 4th. Finally, Citigroup reissued a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. One 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.89.

About Amcor

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.