Amcor plc

New York Stock Exchange
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Somewhat Bullish +35

Eliot Finkel Investment Counsel LLC Cuts Position in Amcor PLC $AMCR

📉 Eliot Finkel Investment Counsel LLC cut its Amcor position by 80% in Q1, selling 163,139 shares.

📈 Brown Lisle Cummings Inc. increased its stake by 137.9% in Q4 to own 3,450 shares.

💰 Amcor paid a $0.65 quarterly dividend on June 17th with an annualized yield of 5.8%.

📊 The company has a market cap of $20.8 billion and a P/E ratio of 31.46.

🏆 Analyst consensus is a 'Moderate Buy' with a target price of $48.00.

🛡️ Amcor specializes in flexible and rigid packaging for food, beverage, and pharmaceutical sectors.

📉 Citigroup lowered its price target to $47.00 while maintaining a 'Buy' rating.

📉 JPMorgan Chase cut its objective to $44.00 but upgraded the rating to 'Overweight'.

📈 Truist Financial raised its price target to $51.00 and reaffirmed a 'Buy' rating.

🏦 Hedge funds and institutional investors collectively own 45.14% of Amcor's stock.

Bullish Signals
  • Amcor offers an attractive annualized dividend yield of 5.8%, providing income to shareholders despite the high payout ratio.
  • Multiple major brokerages maintain 'Buy' or 'Overweight' ratings, including Citigroup and Truist Financial.
  • Brown Lisle Cummings Inc. significantly increased its stake by 137.9% in Q4, indicating institutional confidence.
  • The company maintains a solid market capitalization of $20.8 billion with a beta of 0.62, suggesting lower volatility than the broader market.
Risk Factors
  • Eliot Finkel Investment Counsel LLC drastically reduced its position by 80%, selling over 163,000 shares in Q1.
  • Citigroup decreased its price target from $54.00 to $47.00, signaling a potential near-term downside view.
  • JPMorgan Chase lowered its price objective to $44.00, which is below the current trading price of approximately $45.
  • The company's payout ratio is 181.82%, indicating that dividends are being paid from capital rather than earnings.
Full Analysis
Institutional investor Eliot Finkel Investment Counsel LLC significantly reduced its position in Amcor PLC (NYSE: AMCR) by 80% during the first quarter, selling 163,139 shares and retaining a holding valued at $1.62 million. While Finkel exited substantially, several other smaller institutional investors increased their stakes, including AdvisorNet Financial Inc., DV Equities LLC, and Brown Lisle Cummings Inc., which grew its position by over 137% in the fourth quarter. Amcor PLC currently trades with a market capitalization of $20.8 billion and a P/E ratio of 31.46. The stock recently paid a quarterly dividend of $0.65 per share, resulting in an annualized yield of 5.8%, though the payout ratio stands at 181.82%. Analyst consensus suggests a moderate buy rating with a target price of $48.00, reflecting mixed sentiment among major brokerages like Citigroup and JPMorgan Chase. The company operates as a global packaging leader providing flexible and rigid solutions for food, beverage, pharmaceutical, and consumer markets. Founded in 2005 via a spin-off from a mining conglomerate, Amcor has expanded through organic growth and acquisitions to serve diverse end-markets including medical and home care sectors.