Amcor plc

New York Stock Exchange
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Somewhat Bullish +45

Alpine Global Management LLC Increases Stock Holdings in Amcor PLC ...

📈 Alpine Global Management LLC raised its Amcor position by 13.1% to own 203,131 shares worth $1.69 million in Q4.

🏦 Major institutional holders including State Street Corp, Vanguard Group, and M&G PLC all increased their stakes during the fourth quarter.

💰 Amcor reported quarterly revenue of $5.91 billion, representing a 77.4% increase compared to the same quarter last year.

📊 The company posted $0.96 earnings per share for the quarter, exactly meeting the consensus analyst estimate.

💵 Amcor paid a quarterly dividend of $0.65 on June 17th, offering shareholders an annualized yield of 6.3%.

📉 JPMorgan Chase lowered its price objective to $44.00 while maintaining an 'overweight' rating on the stock.

🔍 Deutsche Bank initiated coverage with a 'buy' rating and a $50.00 price target for Amcor shares.

📈 The consensus analyst rating is 'Moderate Buy' with a mean price target of $49.33.

🏭 Amcor specializes in flexible and rigid packaging solutions for food, beverage, pharmaceutical, and consumer markets.

📉 The stock trades at a P/E ratio of 28.72 with a market capitalization of approximately $18.99 billion.

Bullish Signals
  • Amcor reported revenue of $5.91 billion for the quarter, significantly beating the consensus estimate of $5.71 billion.
  • Quarterly earnings per share of $0.96 matched analyst expectations exactly, demonstrating operational stability.
  • The company achieved a substantial 77.4% year-over-year revenue growth compared to the same quarter last year.
  • Institutional investors are accumulating shares, with Alpine Global increasing holdings by 13.1% and major funds like Vanguard and State Street also adding positions.
  • Amcor offers an attractive annualized dividend yield of 6.3% based on the recent $0.65 quarterly payment.
  • Deutsche Bank initiated coverage with a 'buy' rating and a $50 price objective, signaling confidence in the stock's potential.
Risk Factors
  • JPMorgan Chase reduced its price target from $50.00 to $44.00, indicating some analysts see limited upside at current levels.
  • Wells Fargo set a lower price target of $41.00 and assigned an 'equal weight' rating, suggesting neutral sentiment among some major banks.
  • The company's payout ratio is 181.82%, which exceeds 100% and implies the dividend is being funded from capital reserves or future growth rather than current earnings.
Full Analysis
Alpine Global Management LLC increased its stake in Amcor PLC (NYSE:AMCR) by 13.1% during the fourth quarter, acquiring an additional 23,534 shares to hold a total of 203,131 shares valued at $1.69 million. Several other major institutional investors also expanded their positions in Q4, including State Street Corp, M&G PLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., and Geode Capital Management LLC, collectively driving significant institutional ownership to 45.14% of the company's stock. Analyst sentiment remains mixed but generally positive regarding Amcor's fundamentals. Deutsche Bank initiated coverage with a 'buy' rating and $50 price target, while Truist Financial raised its target to $51. Conversely, JPMorgan Chase lowered its price objective to $44, and Wells Fargo set a lower target of $41 with an 'equal weight' rating. The consensus rating is currently a 'Moderate Buy' with a mean target price of $49.33. Amcor reported strong financial performance for the quarter ended May 5th, posting $0.96 EPS which matched analyst estimates and revenue of $5.91 billion that beat expectations of $5.71 billion. Revenue surged 77.4% year-over-year compared to the same period last year. The company recently paid a quarterly dividend of $0.65 per share, resulting in an annualized yield of 6.3%, though the payout ratio stands at 181.82%.