Amcor plc

New York Stock Exchange
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Slightly Bullish +25

SageGuard Financial Group LLC Reduces Stock Position in Amcor PLC $AMCR - MarketBeat

📉 SageGuard Financial Group LLC reduced its Amcor stake by 75.8% in Q1, selling 33,293 shares and holding 10,610 shares valued at $422,000.

📈 State Street Corp increased its position by 1.7% in Q4 to own 141.5 million shares worth approximately $1.18 billion.

📈 M&G PLC boosted its holdings by 6.1% in Q4, acquiring an additional 6.66 million shares valued at roughly $920 million.

📈 Vanguard Group Inc. raised its stake by 1.7% in Q4, now owning 113.3 million shares worth about $945 million.

📈 Charles Schwab Investment Management Inc. grew its position by 2.5% in Q4 to hold 84.1 million shares valued at $701 million.

📈 Geode Capital Management LLC increased its holdings by 0.4% in Q4, adding 262,418 shares for a total value of $533 million.

💰 Amcor reported Q2 earnings of $0.96 per share, matching the consensus estimate of $0.96.

📊 Revenue reached $5.91 billion in Q2, beating analyst expectations of $5.71 billion by approximately 3.5%.

💸 The company paid a quarterly dividend of $0.65 per share, implying an annualized yield of 6.0%.

📈 Revenue grew 77.4% year-over-year to $5.91 billion during the second quarter.

🏦 Institutional ownership stands at 45.14% of the company's total stock.

🎯 The consensus analyst price target is $49.33, representing a Moderate Buy rating across the sector.

Bullish Signals
  • Amcor reported Q2 revenue of $5.91 billion, which beat analyst expectations of $5.71 billion.
  • The company achieved a significant year-over-year revenue increase of 77.4% compared to the same quarter last year.
  • Amcor paid a quarterly dividend of $0.65 per share, offering an attractive annualized yield of 6.0%.
  • Major institutional investors including State Street Corp, M&G PLC, and Vanguard Group Inc. increased their holdings in Q4.
  • Analysts maintain a consensus 'Moderate Buy' rating with an average price target of $49.33.
Risk Factors
  • SageGuard Financial Group LLC significantly reduced its position by 75.8% in the first quarter, selling over 33,000 shares.
  • JPMorgan Chase & Co. lowered its price objective from $50.00 to $44.00 in a recent report.
  • Citigroup reduced its price target on Amcor shares from $54.00 to $47.00 while maintaining a buy rating.
  • Wells Fargo & Company set a lower price objective of $41.00 and assigned an 'equal weight' rating.
Full Analysis
SageGuard Financial Group LLC significantly reduced its position in Amcor PLC (NYSE: AMCR) by 75.8% during the first quarter, selling 33,293 shares and retaining a stake valued at approximately $422,000. Despite this institutional reduction, other major investors including State Street Corp, M&G PLC, Vanguard Group Inc., Charles Schwab Investment Management Inc., and Geode Capital Management LLC increased their holdings in the fourth quarter, collectively boosting their stakes by between 0.4% and 6.1%. Amcor reported second-quarter earnings of $0.96 per share, which matched analyst estimates, while revenue of $5.91 billion exceeded expectations of $5.71 billion. The company also announced a quarterly dividend of $0.65 per share, paid on June 17th to shareholders of record as of May 28th, resulting in an annualized yield of 6.0% and a payout ratio of 181.82%. Revenue for the quarter increased by 77.4% compared to the same period last year. Wall Street analysts maintain a consensus rating of 'Moderate Buy' with an average price target of $49.33, though recent reports show mixed sentiment regarding valuation targets. Wells Fargo set a $41.00 objective with an 'equal weight' rating, while Truist Financial raised its target to $51.00. Conversely, Citigroup lowered its target from $54.00 to $47.00, and JPMorgan Chase cut its objective from $50.00 to $44.00, reflecting a divergence in analyst price expectations despite the generally positive rating consensus.