Raymond James Financial Adds $36M in Amcor plc ($AMCR)
Raymond James Financial increased its stake in Amcor plc by 58.3%, adding 833,243 shares.
Key Points
- Raymond James Financial increased its stake in Amcor plc by 58.3%, adding 833,243 shares to hold 2,261,697 shares valued at $93.9 million.
- Shares of NYSE:AMCR traded near $41.52 on Thursday, with a market cap of $18.81 billion and a P/E ratio of 32.8.
- Analysts have set a mean price target of $48.21 for Amcor, with recommendations ranging from hold to buy.
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Raymond James Financial has increased its holdings in Amcor plc (NYSE:AMCR) by 58.3%, according to its latest 13F filing with the SEC. The firm added 833,243 shares, bringing its total to 2,261,697 shares valued at approximately $93.9 million as of the end of the reporting period.
Raymond James Financial vs. the S&P 500
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What Changed in Raymond James Financial's Amcor Position
Raymond James Financial boosted its stake in Amcor by 58.3%, increasing its holdings from 1,428,454 shares to 2,261,697 shares. This addition of 833,243 shares reflects the firm's growing confidence in the packaging company, with the total value of its position reaching about $93.9 million.
Other Institutional Activity in Amcor
Several other institutional investors also adjusted their holdings in Amcor. BlackRock, Inc. increased its position slightly by 126,235 shares to hold 31,813,214 shares, valued at roughly $1.26 billion. State Street Corp added 897,441 shares, bringing its total to 29,199,357 shares worth about $1.16 billion, marking a 3.2% increase. M&G PLC grew its stake by 2,185,925 shares to 25,183,844 shares, valued at approximately $1.01 billion, a 9.5% increase. Invesco Ltd. significantly increased its holdings by 14,589,676 shares, a 178.4% jump, to 22,770,007 shares valued at $905.1 million. Vanguard Capital Management LLC opened a new position with 14,842,992 shares valued at $590 million.
Amcor plc Stock Down 6.9%
Shares of Amcor plc (NYSE:AMCR) traded near $41.52 on Thursday. The company has a market capitalization of approximately $18.81 billion and a P/E ratio of 32.8. Its forward P/E ratio is more attractive at 9.5. Amcor's stock has a 52-week low of $36.25 and a high of $50.94. The 50-day moving average is $39.27, while the 200-day moving average stands at $41.63. Amcor's current ratio is 1.44, with a quick ratio of 0.75, and a debt-to-equity ratio of 143.74.
$AMCR stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Amcor reported revenue of $22.19 billion, with a modest growth rate of 0.77%. The company achieved a net margin of 3.05% and a return on equity of 8.74%. Earnings per share stood at $1.24. The next earnings report is scheduled for August 13, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 2 cuts.
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EPS & revenue
EPS missed estimates by 2.0%. Revenue beat estimates by 1.8%.
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Profit surprise
Operating income missed by 20 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 target raises, 2 target cuts.
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Earnings quality
Positive free cash flow.
Earnings Call Summary
Amcor delivered first quarter adjusted earnings of 19.3 cents per share, above guidance midpoint, as the combined company showed strong synergy execution with 38 million dollars delivered in the quarter. The company won over 70 million dollars in new annualized revenue from combined solution offerings with customers, though overall volumes declined 2 percent due to softer consumer demand and European weakness. Management emphasized the quarter demonstrated solid operational integration and cost flexibility, with both segments showing margin expansion despite challenging market conditions.
Guidance Amcor reaffirmed its expectation for adjusted earnings of 80 to 83 cents per share in fiscal 2026, representing growth of 12 to 17 percent from the prior year. The company expects to deliver at least 260 million dollars in synergies this year and plans to keep margins expanding through cost management and integration gains.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Dividend
Amcor offers a dividend rate of $2.60, yielding 6.33%. The dividend payout ratio is 206.83%, indicating the company returns a significant portion of its earnings to shareholders.
Insider Buying and Selling at Amcor plc
Recent insider activity at Amcor includes purchases by Yost Ryan, Division President of Global Flexible Packaging Solutions, who acquired 41,172 and 74,898 shares on June 15, 2026. CEO Peter Konieczny both sold and bought 34,000 shares on February 27, 2026. Deborah Rasin, General Counsel, sold 14,000 shares on the same date. Louis Fred Stephan, COO of Global Flexibles Packaging Solutions, bought 34,000 shares on February 27, 2026.
Analysts Set New Price Targets
Analyst activity includes Wells Fargo maintaining a hold rating with a $41.00 target on May 20, 2026, and Citigroup maintaining its hold rating with a $47.00 target on May 8, 2026. On May 7, 2026, JP Morgan maintained a buy rating with a $44.00 target, while Truist Securities reiterated a buy rating with a $51.00 target. The consensus recommendation for Amcor is a buy, with an average target price of $48.21 based on 11 analyst opinions.
About Amcor plc
Amcor plc is a global leader in packaging solutions, operating in the Consumer Cyclical sector. The company, headquartered in Zurich, Switzerland, designs and manufactures a wide range of packaging products. It operates in two main segments: Global Flexible Packaging Solutions and Global Rigid Packaging Solutions, serving industries such as food and beverage, medical, and personal care. Led by CEO Peter Konieczny, Amcor employs around 77,000 people worldwide.
Bottom Line
Raymond James Financial's significant increase in its Amcor holdings suggests a positive outlook on the company's prospects. While 13F filings provide a backward-looking view of institutional positions, they offer insights into investor sentiment. Amcor remains a key player in the packaging industry, with a solid dividend yield and a diverse product range.
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