Amcor PLC $AMCR Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. raised its position in Amcor PLC (NYSE:AMCR) by 2,116.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 160,123 shares of the company’s stock after purchasing an additional 152,898 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Amcor were worth $1,335,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. State Street Corp increased 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 valued at $1,137,652,000 after purchasing an additional 9,375,255 shares during the period. Vanguard Group Inc. increased its stake in shares of Amcor by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 113,335,957 shares of the company’s stock valued at $945,222,000 after purchasing an additional 1,845,627 shares during the period. M&G PLC increased 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 valued at $866,672,000 after purchasing an additional 22,737,979 shares during the period. Invesco Ltd. increased 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 valued at $385,373,000 after purchasing an additional 10,846,351 shares during the period. Finally, Federated Hermes Inc. increased 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 valued at $321,837,000 after purchasing an additional 20,052,979 shares during the period. Institutional investors and hedge funds own 45.14% of the company’s stock.

Amcor News Summary

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor said revenue topped expectations and raised its full-year guidance, which helped spark buying interest and suggests operating trends are improving. Amcor (AMCR) rises after revenue beat and higher full-year guidance
• Positive Sentiment: Several Wall Street firms remained constructive after the report: Citigroup kept a buy rating, JPMorgan held an overweight view, and Truist reaffirmed a buy rating with a slightly higher target, reinforcing a favorable analyst backdrop. Analyst rating updates
• Positive Sentiment: Amcor also announced a quarterly dividend of $0.65 per share, supporting the stock’s appeal for income-focused investors with a roughly 6.5% annualized yield.
• Neutral Sentiment: An earnings-call summary noted strong synergy progress but some cash flow strain, indicating execution remains important even after the upbeat quarter. Amcor Earnings Call: Synergies Strong, Cash Flow Strained
• Neutral Sentiment: One Seeking Alpha piece argued Amcor looks inexpensive on a forward P/E basis and highlighted the dividend as a reason to wait, which supports valuation but does not point to a major near-term catalyst. Amcor: Mispriced At Multi-Year Low Forward P/E With A Dividend That Pays To Wait
• Negative Sentiment: Despite the positive tone, Citigroup and JPMorgan both lowered price targets, suggesting analysts see a bit less upside than before even while maintaining bullish ratings. Price target reductions

Amcor Trading Up 0.1%

Amcor stock opened at $39.96 on Friday. The company has a 50 day moving average price of $41.14 and a 200 day moving average price of $42.50. Amcor PLC has a 52 week low of $36.67 and a 52 week high of $50.94. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.77 and a current ratio of 0.84. The firm has a market capitalization of $18.46 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 1.20 and a beta of 0.63.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.71 billion. During the same quarter last year, the business posted $0.90 EPS. The company’s revenue was up 77.4% on a year-over-year basis. Amcor has set its FY 2026 guidance at 3.980-4.030 EPS. Research analysts forecast that Amcor PLC will post 3.97 EPS for the current year.

Amcor Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Thursday, May 28th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a yield of 6.5%. Amcor’s dividend payout ratio (DPR) is currently 181.82%.

Wall Street Analysts Forecast Growth

AMCR has been the topic of a number of research analyst reports. Robert W. Baird set a $54.00 price objective on shares of Amcor in a research note on Wednesday, February 4th. Wells Fargo & Company lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $48.00 to $43.00 in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Amcor in a research note on Wednesday, April 1st. They set a “buy” rating and a $50.00 price objective on the stock. Weiss Ratings lowered shares of Amcor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Finally, Citigroup lowered their price objective on shares of Amcor from $54.00 to $47.00 and set a “buy” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $49.56.

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.