In the last trading session, 25.44 million Amcor Plc (NYSE:AMCR) shares changed hands as the company’s beta touched 0.78. With the company’s per share price at $9.92 changed hands at $0.08 or 0.81% during last session, the market valuation stood at $14.34B. AMCR’s last price was a discount, traded about -15.73% off its 52-week high of $11.48. The share price had its 52-week low at $8.80, which suggests the last value was 11.29% up since then. When we look at Amcor Plc’s average trading volume, we note the 10-day average is 24.57 million shares, with the 3-month average coming to 20.35 million.
Analysts gave the Amcor Plc (AMCR) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.26. If we narrow down to specifics, the data shows that 0 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended AMCR as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight.
Amcor Plc (NYSE:AMCR) trade information
Instantly AMCR was in green as seen at the end of in last trading. With action -0.80%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 5.42%, with the 5-day performance at -0.80% in the red. However, in the 30-day time frame, Amcor Plc (NYSE:AMCR) is -1.49% down. Looking at the short shares, we see there were 130.51 million shares sold at short interest cover period of 5.76 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10.8, meaning bulls need an upside of 8.15% from its current market value. According to analyst projections, AMCR’s forecast low is 10.8 with 10.8 as the target high. To hit the forecast high, the stock’s price needs a -8.87% plunge from its current level, while the stock would need to soar -8.87% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 6.70%. The 2025 estimates are for Amcor Plc earnings to increase by 4.71%, but the outlook for the next 5-year period is at 6.01% per year.
AMCR Dividends
Amcor Plc is expected to release its next quarterly earnings report on 2025-Feb-03. The 5.09% annual yield figure for the share gives it an annual dividend of 0.51. It is important to note, however, that the 5.09% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.44 per year.
Amcor Plc (NYSE:AMCR)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.34% of Amcor Plc shares while 58.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 58.90%. There are 58.70% institutions holding the Amcor Plc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 6.5941% of the shares, roughly 94.89 million AMCR shares worth $928.02 million.
STATE STREET CORP holds the second largest percentage of outstanding shares, with 6.3901% or 91.95 million shares worth $899.3 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard 500 Index Fund and Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF . With 39.11 shares estimated at $387.93 million under it, the former controlled 2.71% of total outstanding shares. On the other hand, Schwab Strategic Tr-Schwab U.S. Dividend Equity ETF held about 2.54% of the shares, roughly 36.72 shares worth around $364.23 million.
