Morningstar Investment Management LLC Boosts Stake in Amcor PLC $AMCR

Morningstar Investment Management LLC lifted its holdings in Amcor PLC (NYSE:AMCR) by 15.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 449,457 shares of the company’s stock after purchasing an additional 58,646 shares during the period. Morningstar Investment Management LLC’s holdings in Amcor were worth $3,748,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brown Lisle Cummings Inc. increased 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 worth $29,000 after purchasing an additional 2,000 shares during the last quarter. Larson Financial Group LLC increased its position in Amcor by 46.1% during the fourth quarter. Larson Financial Group LLC now owns 3,985 shares of the company’s stock worth $33,000 after purchasing an additional 1,257 shares during the last quarter. N.E.W. Advisory Services LLC increased 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 worth $34,000 after purchasing an additional 373 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Amcor during the second quarter worth about $36,000. Finally, Huntington National Bank increased its position in Amcor by 81.8% during the third quarter. Huntington National Bank now owns 4,490 shares of the company’s stock worth $37,000 after purchasing an additional 2,020 shares during the last quarter. 45.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on AMCR. Wells Fargo & Company set a $41.00 price objective on shares of Amcor and gave the stock an “equal weight” rating in a research report on Wednesday. Weiss Ratings upgraded shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft began coverage on shares of Amcor in a research report on Wednesday, April 1st. They set a “buy” rating and a $50.00 price objective for the company. Finally, Morgan Stanley cut shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective for the company. in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.33.

Amcor News Summary

Here are the key news stories impacting Amcor this week:

• Positive Sentiment: Amcor announced a global startup challenge, “Lift-Off — Rigids,” which could support longer-term innovation and new packaging solutions. Amcor launches global call for startups for Amcor Lift-Off — Rigids challenge
• Neutral Sentiment: Analysts still expect Amcor to earn $3.97 per share for the current full year, so the company remains close to consensus despite the revisions.
• Negative Sentiment: Zacks Research lowered FY2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, Q2 2028, Q3 2028, FY2027, and FY2028 EPS estimates, signaling modestly weaker earnings expectations ahead. Amcor Seeks Startups for Lift-Off Rigids Challenge

Amcor Price Performance

Shares of AMCR opened at $38.43 on Monday. Amcor PLC has a 1-year low of $36.25 and a 1-year high of $50.94. The stock has a market cap of $17.77 billion, a PE ratio of 26.87, a P/E/G ratio of 1.16 and a beta of 0.63. The firm has a 50-day simple moving average of $39.59 and a two-hundred day simple moving average of $42.34. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.44 and a quick ratio of 0.95.

Amcor (NYSE:AMCR) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Amcor had a net margin of 3.06% and a return on equity of 14.55%. The business had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.71 billion. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 77.4% on a year-over-year basis. As a group, analysts forecast that Amcor PLC will post 3.97 EPS for the current year.

Amcor Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Thursday, May 28th will be given a dividend of $0.65 per share. The ex-dividend date is Thursday, May 28th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.8%. Amcor’s dividend payout ratio (DPR) is currently 181.82%.

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.