The shares of Amcor plc (AMCR) have seen considerable trading activity. Many institutions, including Principal Financial Group Inc., Panagora Asset Management Inc., and New York Life Investment Management LLC, have sold AMCR stock. Simultaneously, companies like Vanguard Personalized Indexing Management LLC, Principal Securities Inc., and Benjamin F. Edwards & Company Inc., have expressed confidence in AMCR's potential by increasing their shareholdings. Data suggests AMCR boasts of strong institutional backing, with about 61% of its shares owned by institutions. However, the stock has underperformed the market and dipped by 16% in a year.
In the analysis of AMCR's ROE, it emerged that the company's 16% return on equity is quite impressive. Nevertheless, the mediocre growth and a loss of 18% for investors who invested a year back indicate mixed market sentiments. AMCR's dividends have also been in focus, with some sections warning potential buyers for its next dividends due to the dip in stock price. AMCR recently reaffirmed its FY24 guidance amid a CEO transition, suggesting strong strategic direction and stability.
Amcor Plcs AMCR News Analytics from Fri, 20 Sep 2019 21:15:30 GMT to Thu, 23 May 2024 14:15:03 GMT - Rating 0 - Innovation 3 - Information 5 - Rumor -6