PNC Financial Services Group Inc. has raised its stake in
Amcor plc, making Amcor a notable entity among dividend aristocrats. However,
Jump Financial LLC and
Principal Financial Group Inc. have cut their positions. The sentiment regarding Amcor's stock is mixed, with some questioning the timing of purchase and others acknowledging its strong Return on Equity (ROE). The market recognises Amcor's earnings, and
Principal Securities Inc. and
Vanguard Personalized Indexing Management LLC have recently acquired shares. Despite this,
M&T Bank Corp and
Panagora Asset Management Inc. have sold large portions of their holdings. Projections for its FY2024 earnings remain uncertain, and analysts at
Zacks Research have reduced their estimates. Other institutions, including
National Bank of Canada FI and
Natixis Advisors L.P have also reduced their stakes, while
Cwm LLC has grown its holdings. The stock took a hit on consecutive days, causing market underperformance. However, with 61% institutional backing, strong support remains.
New York Life Investment Management LLC, like many others, sold part of their shares. Valuation analyzes suggest that the stock is undervalued by around 29%. However, investor interest is mixed due to its depreciating value and the upcoming dividend.
Amcor Plcs AMCR News Analytics from Fri, 20 Sep 2019 21:15:30 GMT to Sun, 26 May 2024 11:33:22 GMT -
Rating -2
- Innovation 2
- Information 6
- Rumor -1
