New York State Teachers Retirement System Increases Stake in Amcor PLC $AMCR

New York State Teachers Retirement System boosted its position in shares of Amcor PLC (NYSE:AMCR) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,608,763 shares of the company’s stock after acquiring an additional 90,772 shares during the quarter. New York State Teachers Retirement System’s holdings in Amcor were worth $13,417,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AMCR. Quent Capital LLC purchased a new stake in shares of Amcor in the third quarter worth approximately $27,000. Brown Lisle Cummings Inc. boosted its holdings in Amcor by 137.9% during the 4th 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 during the period. N.E.W. Advisory Services LLC boosted its holdings in Amcor by 10.1% during the 4th 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 during the period. CYBER HORNET ETFs LLC bought a new position in Amcor in the 2nd quarter valued at $36,000. Finally, Huntington National Bank increased its stake in Amcor by 81.8% in 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 period. Institutional investors own 45.14% of the company’s stock.

Amcor Stock Up 0.1%

AMCR stock opened at $37.77 on Monday. The stock has a market capitalization of $17.45 billion, a PE ratio of 24.69, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63. Amcor PLC has a 52 week low of $37.22 and a 52 week high of $50.94. The company has a quick ratio of 0.77, a current ratio of 1.30 and a debt-to-equity ratio of 1.26. The firm has a 50 day moving average of $41.81 and a 200 day moving average of $42.52.

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

Amcor Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Amcor’s payout ratio is 169.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wells Fargo & Company cut 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 report on Friday, March 20th. Weiss Ratings lowered Amcor from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, April 27th. Morgan Stanley cut Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price objective on the stock. in a research note on Wednesday, January 28th. Citigroup reaffirmed a “buy” rating on shares of Amcor in a research report on Thursday, February 12th. Finally, Robert W. Baird set a $54.00 target price on Amcor in a report on Wednesday, February 4th. One research 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 MarketBeat, Amcor presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.89.

Amcor Company 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.