Danske Bank A S Acquires 349,791 Shares of Amcor PLC $AMCR

Danske Bank A S boosted its holdings in shares of Amcor PLC (NYSE:AMCR) by 28.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,561,565 shares of the company’s stock after acquiring an additional 349,791 shares during the quarter. Danske Bank A S’s holdings in Amcor were worth $13,023,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quent Capital LLC bought a new position in Amcor during the third quarter valued at approximately $27,000. Brown Lisle Cummings Inc. raised its position in Amcor by 137.9% during the fourth quarter. Brown Lisle Cummings Inc. now owns 3,450 shares of the company’s stock valued at $29,000 after acquiring an additional 2,000 shares in the last quarter. N.E.W. Advisory Services LLC raised its position in Amcor by 10.1% during the fourth quarter. N.E.W. Advisory Services LLC now owns 4,070 shares of the company’s stock valued at $34,000 after acquiring an additional 373 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Amcor during the second quarter valued at approximately $36,000. Finally, Huntington National Bank raised its position in Amcor by 81.8% during the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock valued at $37,000 after acquiring an additional 2,020 shares in the last quarter. Institutional investors own 45.14% of the company’s stock.

Amcor Price Performance

NYSE AMCR opened at $37.77 on Monday. 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 company has a fifty day simple moving average of $41.81 and a 200 day simple moving average of $42.52. The company has a market cap of $17.45 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.05 and a beta of 0.63. Amcor PLC has a 1 year low of $37.22 and a 1 year high of $50.94.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.03. The business had revenue of $3.24 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. On average, sell-side analysts predict that Amcor PLC will post 3.94 EPS for the current year.

Amcor Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors 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 payout ratio is 169.93%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMCR shares. Wells Fargo & Company cut Amcor from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $48.00 to $43.00 in a research report on Friday, March 20th. Robert W. Baird set a $54.00 price target on shares of Amcor in a research report on Wednesday, February 4th. Weiss Ratings cut shares of Amcor from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. Morgan Stanley downgraded shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a report on Wednesday, January 28th. Finally, 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 report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $50.89.

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.