Amcor plc

New York Stock Exchange
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Somewhat Bullish +45

New York State Teachers Retirement System Decreases Stake in Amcor PLC ...

📉 New York State Teachers Retirement System sold 1,278,111 shares of Amcor in Q1, reducing its stake by 79.4% to a remaining value of $13,143,000.

📈 Several smaller institutional investors including N.E.W. Advisory Services LLC and CYBER HORNET ETFs LLC increased their holdings by over 10% in the fourth quarter.

💰 Amcor shares opened at $44.98 with a market cap of $20.8 billion and a P/E ratio of 31.46.

📅 The company paid a quarterly dividend of $0.65 on June 17th, offering a 5.8% annualized yield to stockholders.

📊 Analyst consensus rating is 'Moderate Buy' with a price target of $48.00 based on reports from JPMorgan Chase and Truist Financial.

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

📉 The stock trades above its 52-week low of $36.25 but below its high of $50.94 with a beta of 0.62.

Bullish Signals
  • Amcor maintains a 'Moderate Buy' consensus rating from analysts with a price target of $48.00, indicating potential upside from current levels.
  • The company offers a substantial dividend yield of 5.8% following the recent payment of $0.65 per share.
  • Multiple major financial institutions including JPMorgan Chase, Truist Financial, and Citigroup maintain 'Buy' or 'Overweight' ratings on the stock.
  • Amcor has expanded its global footprint through strategic acquisitions since its 2005 spin-off to serve diverse end-markets.
Risk Factors
  • New York State Teachers Retirement System, a significant institutional holder, drastically reduced its position by selling over 1.27 million shares in Q1.
  • The company's dividend payout ratio is 181.82%, indicating that the current dividend exceeds reported earnings per share.
Full Analysis
New York State Teachers Retirement System significantly reduced its stake in Amcor PLC by 79.4% in the first quarter, selling over 1.27 million shares and retaining a position worth approximately $13.1 million representing 0.07% of the company. While this major institutional holder decreased exposure, several smaller funds including N.E.W. Advisory Services LLC and CYBER HORNET ETFs LLC increased their holdings slightly during the fourth quarter, though these positions remain relatively small in absolute terms. Amcor PLC is currently trading at $44.98 with a market capitalization of $20.8 billion and a price-to-earnings ratio of 31.46. The company 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 from firms like JPMorgan Chase and Truist Financial remains generally positive with a 'Moderate Buy' rating and a consensus price target of $48.00. Amcor operates as a global packaging company providing flexible and rigid solutions for food, beverage, pharmaceutical, and consumer markets. Founded in 2005 following a spin-off from a mining conglomerate, the firm has expanded through organic growth and acquisitions to serve diverse end-markets including medical and home care products.