27,617 Shares of Amcor PLC $AMCR Purchased by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new stake in Amcor PLC (NYSE:AMCR) in the 3rd quarter, Holdings Channel reports. The fund acquired 27,617 shares of the company’s stock, valued at approximately $1,156,000.

Other institutional investors also recently bought and sold shares of the company. Foresight Capital Management Advisors Inc. acquired a new position in Amcor during the 3rd quarter valued at approximately $25,000. Bangor Savings Bank purchased a new position in shares of Amcor in the second quarter worth $26,000. Western Wealth Management LLC acquired a new stake in shares of Amcor during the first quarter worth $27,000. Palladiem LLC acquired a new stake in shares of Amcor during the first quarter worth $34,000. Finally, Fortitude Family Office LLC lifted its stake in shares of Amcor by 216.9% during the third quarter. Fortitude Family Office LLC now owns 954 shares of the company’s stock worth $40,000 after buying an additional 653 shares during the period. 45.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AMCR. Wells Fargo & Company boosted their price objective on shares of Amcor from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, August 14th. JPMorgan Chase & Co. lowered Amcor from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $44.00 to $47.00 in a research note on Monday, August 17th. BMO Capital Markets started coverage on Amcor in a research report on Thursday, July 16th. They set a “market perform” rating and a $47.00 price target for the company. Jefferies Financial Group set a $44.92 price target on Amcor and gave the company a “hold” rating in a research note on Tuesday, July 21st. Finally, Truist Financial increased their price objective on Amcor from $51.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, November 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.36.

Amcor Stock Down 1.3%

NYSE:AMCR opened at $43.80 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.40 and a quick ratio of 0.83. The company’s fifty day moving average price is $43.87 and its 200-day moving average price is $43.19. Amcor PLC has a 1-year low of $36.25 and a 1-year high of $50.94. The firm has a market capitalization of $20.25 billion, a P/E ratio of 18.80, a PEG ratio of 1.87 and a beta of 0.56.

Amcor (NYSE:AMCR) last posted its earnings results on Wednesday, November 4th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Amcor had a net margin of 4.55% and a return on equity of 15.85%. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the firm earned $0.11 earnings per share. As a group, equities research analysts anticipate that Amcor PLC will post 3.15 EPS for the current year.

Amcor Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Wednesday, November 25th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Wednesday, November 25th. This is an increase from Amcor’s previous quarterly dividend of $0.65. Amcor’s dividend payout ratio (DPR) is 111.59%.

About Amcor

Amcor plc is a global packaging company that develops and manufactures packaging for food and beverage, healthcare, personal care, home care and other consumer products. Its offerings include flexible packaging, rigid containers, closures and specialty cartons, as well as packaging materials and services for pharmaceutical and medical applications. The company serves customers across a broad range of international markets. In 2025, Amcor completed its combination with Berry Global, expanding its packaging portfolio and global reach.