TD Waterhouse Canada Inc. Increases Stock Holdings in Amcor PLC $AMCR

TD Waterhouse Canada Inc. boosted its position in Amcor PLC (NYSE:AMCR – Free Report) by 7.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 200,231 shares of the company’s stock after purchasing an additional 14,733 shares during the period. TD Waterhouse Canada Inc.’s holdings in Amcor were worth $1,670,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. raised its stake in shares of Amcor by 3.2% in the fourth quarter. Stratos Wealth Partners LTD. now owns 26,857 shares of the company’s stock worth $224,000 after buying an additional 832 shares during the period. Brookstone Capital Management raised its stake in shares of Amcor by 3.1% in the fourth quarter. Brookstone Capital Management now owns 31,231 shares of the company’s stock worth $260,000 after buying an additional 938 shares during the period. Patton Fund Management Inc. raised its stake in shares of Amcor by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 26,109 shares of the company’s stock worth $218,000 after buying an additional 1,080 shares during the period. New York Life Investment Management LLC raised its stake in shares of Amcor by 0.4% in the third quarter. New York Life Investment Management LLC now owns 312,447 shares of the company’s stock worth $2,556,000 after buying an additional 1,314 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Amcor by 2.7% in the fourth quarter. Blue Trust Inc. now owns 58,235 shares of the company’s stock worth $486,000 after buying an additional 1,509 shares during the period. Institutional investors own 45.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on AMCR shares. Deutsche Bank Aktiengesellschaft started coverage on Amcor in a research note on Wednesday, April 1st. They issued a “buy” rating and a $50.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Amcor in a research note on Wednesday, January 21st. Citigroup reaffirmed a “buy” rating on shares of Amcor in a research note on Thursday, February 12th. Wells Fargo & Company downgraded Amcor from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $48.00 to $43.00 in a research note on Friday, March 20th. Finally, Truist Financial decreased their price objective on Amcor from $60.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.89.

Read Our Latest Report on Amcor

Amcor Stock Down 1.5%

Shares of AMCR opened at $39.65 on Friday. The business’s 50 day moving average is $42.95 and its 200 day moving average is $42.54. The company has a market capitalization of $18.32 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.71. Amcor PLC has a 12-month low of $37.94 and a 12-month high of $50.94. The company has a current ratio of 1.30, a quick ratio of 0.77 and a debt-to-equity ratio of 1.26.

Amcor (NYSE:AMCR – Get Free Report) last issued its earnings results on Tuesday, February 3rd. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.03. The company had revenue of $3.24 billion for the quarter, compared to the consensus estimate of $5.53 billion. Amcor had a return on equity of 15.57% and a net margin of 3.04%.The firm’s quarterly revenue was up 68.1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. Amcor has set its FY 2026 guidance at 4.000-4.150 EPS. Research analysts expect that Amcor PLC will post 3.94 earnings per share for the current fiscal year.

Amcor Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Wednesday, February 25th were paid a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s dividend payout ratio (DPR) is 169.93%.

Amcor Company Profile

(Free Report)

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.

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