Gabelli Funds LLC Acquires 104,247 Shares of Amcor PLC $AMCR

Gabelli Funds LLC increased its position in shares of Amcor PLC (NYSE:AMCR) by 128.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 185,656 shares of the company’s stock after purchasing an additional 104,247 shares during the quarter. Gabelli Funds LLC’s holdings in Amcor were worth $1,548,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AMCR. North Dakota State Investment Board purchased a new stake in Amcor in the 4th quarter valued at about $659,000. DNB Asset Management AS boosted its position in Amcor by 7.5% in the 4th quarter. DNB Asset Management AS now owns 501,577 shares of the company’s stock valued at $4,183,000 after buying an additional 35,093 shares during the period. Conning Inc. purchased a new stake in Amcor in the 4th quarter valued at about $96,000. Heritage Wealth Management Inc. CA purchased a new stake in Amcor in the 4th quarter valued at about $240,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Amcor by 0.3% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 264,442 shares of the company’s stock valued at $2,205,000 after buying an additional 900 shares during the period. 45.14% of the stock is owned by hedge funds and other institutional investors.

More Amcor News

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

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AMCR. Weiss Ratings raised shares of Amcor from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Morgan Stanley lowered shares of Amcor from an “overweight” rating to an “equal weight” rating and set a $46.00 price target for the company. in a report on Wednesday, January 28th. Wells Fargo & Company set a $41.00 price target on shares of Amcor and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of Amcor from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, May 7th. Finally, Citigroup reduced their price target on shares of Amcor from $54.00 to $47.00 and set a “buy” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Amcor currently has an average rating of “Moderate Buy” and an average target price of $49.33.

Amcor Trading Down 0.2%

NYSE AMCR opened at $38.43 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 1.30. The firm has a market cap of $17.77 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 1.16 and a beta of 0.63. The company has a 50 day moving average price of $39.59 and a 200 day moving average price of $42.32. Amcor PLC has a 52 week low of $36.25 and a 52 week high of $50.94.

Amcor (NYSE:AMCR) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.96 EPS for the quarter, hitting the consensus estimate 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 in the previous year, the business posted $0.90 EPS. Amcor’s revenue was up 77.4% on a year-over-year basis. As a group, sell-side analysts forecast that Amcor PLC will post 3.97 EPS for the current fiscal 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 paid 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 yield of 6.8%. Amcor’s dividend payout ratio is presently 181.82%.

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.